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KirkCentre1
October 26, 2020
Question

GST - Items List

  • October 26, 2020
  • 1 reply
  • 0 views

I have GST on Sales and GST on Purchases in my items list. All seems to be well when I use my GST on Purchases code, but when I try to use my GST on Sales code I am told that I cannot because it does not have a GL account associated with it. When I look at my items list all the items have a GL account associated...except my GST on Sale

1 reply

Rebecca R
Rebecca R
October 26, 2020

Hi there KirkCentre1,

 

QuickBooks Desktop helps you keep an accurate record of the taxes that you collect and remit to the appropriate tax agency. Setting up the correct sales tax rates helps to ensure that you're able to accurately invoice your customers. Let me go over this in more detail so you're able to assign the correct sales tax codes to your transactions

 

Based on the company information you enter while creating your company file, QuickBooks automatically sets up standard and provincial Sales Taxes codes. Then, the tax will automatically track to the liability account for the agency. It sounds like you've manually created additional tax codes, which might explain why there isn't an account associated with your GST on Sales tax code. 

 

My suggestion is to use the article below to set up the sales tax item again. Ensure that you select the correct sales tax agency so that there is a corresponding account associated with the code. Under Step 3, select Add sales tax item and rate for the step-by-step instructions. If what you're trying to do is set up sales tax for another province, scroll to the bottom of the article for those steps.

 

 

If you have follow-up questions, I'll be on standby!

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