Expense Summary for Tax Filing - Quickbook Easy Start

Hi SunnyH,

I'm happy to learn you're using QuickBooks to manage your business. QuickBooks allows you to organize your transactions in a way that makes it easy to keep track of your income, expenses, and taxes. I'll be happy to share more information about tax reports and integrating with Turbotax. 

Based on what you've described, I recommend using the Transaction Detail by Account report. Transactions and total for each account in your chart of accounts. The good thing is that this report allows you to customize it so you can see your expenses. Here's how: 

1. Go to the Reports tab.
2. On the Find report by name field, look for Transaction Detail by Account.
3. On the report, click the Customize button.
4. Click on Filter to expand the options.
5. On the Transaction Type drop-down, select Expense.
6. In the Account drop-down, mark the accounts you'd like to view in the report.
7. Click Run report.
8. Once done, click the Report period drop-down and select This Calendar Year or This Fiscal Year.
9. Click Run report.

From this report, you'll be able to determine the taxes on your expenses. I also recommend checking out the Taxable Sales Summary report. This report lists the transactions that are included in each box on the sales tax return. The report is based on accrual accounting unless you changed your sales tax reporting preference to cash basis. Most Canadian businesses use accrual accounting. To run this report, click Reports > enter the report name in the search field and hit Search. 

At this time, there isn't a direct integration between QuickBooks Online and Turbotax. However, with QB Online you can import and export data which save you from manually entering information. I encourage you to check out this helpful resource which shows you how to: Import data to QuickBooks Online.

I hope this info helps. In case you have other questions, feel free to contact our support team using this link here.