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May 26, 2020
Question

How to find an Income Tax Summary Report in QBO

  • May 26, 2020
  • 1 reply
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1 reply

AddieC
May 26, 2020

Hi there, 


QuickBooks Online comes stocked with tons of awesome reports that help you assess your business finances. While QBO allows you to track and record your Sales Tax returns in a breeze, Income Taxes will be handled outside the QBO environment, so you won't have access to an Income Tax Summary Report. I'll explain further below. 

 

It's so important to be prepared come tax time with all the necessary tools and resources for your business. QuickBooks Online is equipped with all the information needed to record your Sales Tax filings, however Income Tax will have to be handled by your accountant.


If you're not yet connected to an accountant in QBO, you can find one in your area here: Find a ProAdvisor. Your accountant will be able to provide all the necessary information you need regarding Income Taxes.

 

Here's another great resource that may help you in regards to preparing for Income Taxes: Step-by-Step Guide for Canadian Income Tax Preparation


I hope this helps clarify things for you. If you have any other questions, please don't hesitate to reach out to our tech support team.


Cheers.