Skip to main content
D
daramiletto-gmai
December 16, 2023
Question

How do I change the setup for PST paid on purchases to be included with expense? PST is incorrectly recorded to a separate expense account.

  • December 16, 2023
  • 1 reply
  • 0 views
currently any tax codes that include provincial tax on purchases are being recorded to a separate expense account called Minister of Finance (BC) Expense.  Which is incorrect.  The provincial sales tax needs to be included in the expense and I can't find how to change this on the current tax codes.

1 reply

J
JamesM4
December 18, 2023

Hi there,

 

Welcome to the Community. QuickBooks is designed to help you manage your accounting with ease.  I'll be happy to show you how to manage the tax rate in QuickBooks. 

 

Based on what you've described above, I editing the tax rates in QuickBooks to your liking using the steps below:


1. Go to Taxes.
2. Select Sales tax.
3. Select Manage sales tax.
4. Locate the sales tax agency you wish to work with and make the necessary adjustments.


Once you've edited/added a tax code, you can use is for your transactions so they can be recorded correctly in QuickBooks. Let me know if this info helps. I'll be on standby.

I
I-J
January 17, 2025

Need help posting "GST paid outs" to a separate GL account, a different GL account than what the GST collected is linked to. How can I edit the GST automatic coding, so that GST paid out can be posted to a new GL account and to keep separate from GST collected? 

Terms & ConditionsAccessibility statement