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August 20, 2021
Question

HST report/filing not tracking Exempt Sales. HST total revenue needs to match income tax total. How do I set my exempt sales so they show up on the internal filings?

  • August 20, 2021
  • 1 reply
  • 0 views
My business has some exempt sales. We have also gotten things like CEWS during the pandemic. These things go through the company as revenue and therefore should be on the HST filings. However, QBO only tracks sales with HST assigned to it. I have tried setting up new tax rates, adjusting existing tax rates, and making a new tax agency all together. None of these things work. Any suggestions?

1 reply

PrachiJoshi
August 20, 2021

Hello,

 

You need to use "Zero rated" tax code for these transactions to be included in the sales tax module. Once you use the zero rated tax code, your P&L sales will match the sales tax module sales.

 

Thanks

Prachi