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December 25, 2020
Question

How can I add my meals and entertainment tax rate? Tax rate is 6.10328%. So, it can appear under GST/HST payable.

  • December 25, 2020
  • 1 reply
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1 reply

December 28, 2020

Hi there, 

 

Welcome back to the Community. QuickBooks makes it simple to keep track of your taxes so your financials can stay organized. I'd be happy to guide you towards the right path with adding your Meals and Entertainment tax rate.

 

To get started you'll need to set up the sales tax rate using the instructions below:

  1. From the left menu, select Taxes.
  2. Ensure Sales Tax is shown at the top. (Tip: If you use payroll in QuickBooks Online, you may need to select Sales Tax as opposed to Payroll Tax.)
  3. Select Manage sales tax.

From here, I encourage you to check out this powerful article which shows you: How to set up a sales tax rate for Meals and Entertainment. As you go through the article, make sure to select the correct province so you can get a drop down showing you the appropriate steps to take in order to add the Meals and Entertainment tax rate. This process is simple ad straight forward allowing you to save time for the important things you enjoy doing. 

 

In case you have other questions, don't hesitate to leave a comment below. I've got your back. Otherwise, have an amazing rest of the week and if I don't hear back from you, I wish you a happy new year!