GST Summary report, Line 101 is incorrect by $50,000. Incorrect caculation of the transaction amounts. Positive and negative amounts are incrementing the balance.

Hi obonnaius,

Thanks for reaching out here.  QuickBooks Online calculates the sales tax automatically, based on the rates you apply to your transactions.  It's essential that line 101 on your sales tax return is aligned with your books.  I would be glad to assist!

Initially I suggest checking the Report period and the Accounting method on the report.  In addition, it's important to note, journal entries aren't linked to sales tax reports.  If transactions are recorded by general journal entries instead of invoices or sales receipts, many of your reports will be incorrect.  You can reverse a journal entry and re-enter the transaction with the correct form, so it's reported accurately.  You can review a list of journal entries in the Transactions without Sales Tax report.

If you've entered the your transactions correctly and it's still not calculating the sales tax accurately, I recommend contacting the QuickBooks Online support team outside of this forum.   It would be our pleasure to review your situation in more depth, so you can get back to business as soon as possible!

Feel free to reach out again, if you have any other questions.  We would be happy to help!