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November 13, 2022
Question

How do I add 2 kinds of sales tax

  • November 13, 2022
  • 1 reply
  • 0 views
I live in BC and when entering my receipts it doesn't account for the 2 kinds of taxes broken Down

1 reply

November 14, 2022

Hi there ladulceria-van-g,

 

It's important that all your transactions be entered correctly so that your books can be well balanced. QuickBooks Online is a great tool able to help you keep track of taxes on transactions so you can know the amount to declare to the government. I can provide some information about taxes.

 

When adding taxes to a transaction in QuickBooks, both the GST and PST in your home province are tracked in a single account, but the tax code chosen determines what line of the report it will affect. There is both HST BC as well as the GST/PST BC combined tax code that could be used here to keep track of taxes on your transaction. In order to know which of these tax codes should be used for this transaction in question, I recommend reaching out to your accountant. They will know which choice is the best so your books can be balanced. You can add your accountant as a user to your QuickBooks account by going to the My accountant tab. You can also find an accountant near you that has experience using QuickBooks by clicking on the Find a pro to help button located in that section.

 

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