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JOKM Creative
JOKM Creative
October 4, 2022
Question

Tax code for purchases from USA to Canada

  • October 4, 2022
  • 1 reply
  • 0 views

I frequently purchase things online from USA sellers for my Alberta-based business. Things such as tools, hardware and software. Very rarely am I charged GST by these USA businesses. When their invoices list the tax as $0.00, I'm not sure how to enter this in Quickbooks Online.

 

How do I enter these expenses in Quickbooks Online and ensure I am selecting the correct tax code? Or do I need to set up a new tax code for these types of expenses?

1 reply

A
Amanda-B
October 4, 2022

Hey there JOKM Creative, 

 

Welcome to the QuickBooks Community! Making sure you're recording your transactions properly is an important step in maintaining clean books. I can point you in the right direction for the best assistance.

 

In order to make sure you're recording your transactions correctly, I recommend reaching out to an accounting professional for expert advice on creating these types of transactions. They'll be able to guide you in choosing the correct tax codes as well as which accounts to affect so that your accounts balance correctly. You can add your accountant to your books by going to the My Accountant tab of your QuickBooks account. You can also find an accountant that has experience using QuickBooks near you by clicking on the Find a pro to help option in that section.

 

If you have any other questions, feel free to reach out here.

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