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How do I get QB to calculate the "commission" on the PST filing? My PST filing in QB did not match eTax b/c of the discount that is rec. for filing and paying in full.

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The "commission" (discount) is received for filing and paying in full each month. It is essentially like a thank you from the government for collecting and remitting on time. Quickbooks did not calculate for the commission and therefore the amount owing was not correct. I made a manual adjustment to the return to correct this but it threw my cash out of balance as a result of offsetting the adjustment to the cash account.

How can I get QB to correctly calculate the PST return the same was at e-tax?

QuickBooks Online

Answer

We handle the 'commission' portion of our BC-PST returns by manually making a "sale tax adjustment' for the commission amount before 'filing' the return. So its not automated at all.

A

Anonymous

Answer

We handle the 'commission' portion of our BC-PST returns by manually making a "sale tax adjustment' for the commission amount before 'filing' the return. So its not automated at all.

L

leezacloughAuthor

Hi Mike, thanks for your response. I had manually adjusted for this on my last return but it ended up hitting my cash twice - once in the return itself and then again as the adjustment. Have you run into this issue as well? Where are you adjusting for the commission?

A

Anonymous

The PST commission is adding to the Minister of Finance PST account and adding to the income account. It should be the other way around.

M

Moptop

I wanted to post an update to this where I found an online video that addresses the commission on the PST reports and not filing correctly.

Check out this article:

https://mycloudbookkeeping.org/recording-pst-commission-quickbooks-online/

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