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December 13, 2024
Question

How do I record the carbon tax rebate in my books?

  • December 13, 2024
  • 1 reply
  • 0 views
Is it a reduction in the income tax payable?

    1 reply

    December 13, 2024

    Hi there mjindy1,

     

    Thanks for reaching out about your carbon tax rebate. QuickBooks Online is a great tool able to help you keep track of income and expenses so you know the profit of your company. I can point you in the right direction for assistance with this transaction.

     

    To know which transaction type you should be using, as well as which accounts to affect, I recommend reaching out to your accountant. Their expertise will be able to assist you with these choices so that your books. You can invite your accountant to your QuickBooks Online account by going to the My Accountant tab, then entering their contact information. You can also find an accountant near you that has experience using QuickBooks Software using the FInd a pro to help button in that section.

     

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