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N
NavCopy
May 22, 2024
Question

Entering GST/HST on Imported Goods from FedEx Bill

  • May 22, 2024
  • 1 reply
  • 0 views

Quickbooks Desktop

 

Q1 - FedEx customs/duty bill only has HST, why do people recommend entering 0.01 to Custom/Duties (expense account) then another -0.01 to Custom/Duties before entering the tax in the HST field.  Would it not be the same if 0 is entered to Custom/Duties?

 

Q2 - And as FedEx is charging the taxes, not the supplier, should the original supplier PO still record the appropriate GST/HST rate?

 

Thanks,

Nav

1 reply

T
Trish_T
May 22, 2024

Hello NavCopy,

 

Welcome to Community!  QuickBooks Desktop enables you to record sales tax paid on imported goods, as you've noted.  However, for additional assistance, I recommend speaking with an accounting professional. They will be able to provide their expertise and best course of action. If you don't have an accountant, we can help you locate a ProAdvisor in your local area. 

 

Feel free to reach back out with any other questions. We would be happy to assist!

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