Taxes

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I'm trying to upload journal entries to replace a manual sales receipt process at the moment.  My journal entry includes a GST Payable line.  I see these figures in my chart of accounts, but am not seeing it being picked up when I go to the Taxes section and prepare to file.  What am I missing to fix this?

In "Sales Tax", the Federal tax current year (Jun1/23 to May31/24) is displaying, but the previous year (Jun1/22 to May31/23) cannot be found. I've tried deleting cache, private browser, different browser, different computer but nothing has helped. Any suggestions?

In error, I entered a bill in two different ways and need to decide best way to fix. Entry #1 - done in previous quarter so GST input was processed with my last remittance.  I entered it as a bill, and also entered that the bill was paid from my chequing account via debit.   Entry #2 - done in current quarter so I am hoping I can still fix the situation on my next GST remittance since this is also my year end.  I entered it as a cc charge because I paid it online and charged it to my business cc.  I paid my cc balance including this bill.   Entry #2 was what actually happened, so I am contemplating either voiding or deleting my Entry #1, including the bill payment.  I do not know what it will do or not do to my "pay sales tax" process. Any suggestions? Thank you.

Hi, I'm using QBDT SDK to create and modify bills. I know that we can specify the sales tax code for a bill but is there a way to set the amount? In QBDT, the amount gets automatically calculated based on the particular tax percentage but it is possible to overwrite it manually to any value (see the screenshot - the tax percentage is 7% but I overwrote the value to be 10). Is possible to do the same via SDK?

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our taxes are 15% but the tax collected are only 14.1% on the summery report

We received an income tax refund and would like to know what are the appropriate steps to record the amount.

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what is an example of out of scope GST?

Hello, We purchased an inventory item (trailer) from overseas and imported it into Ontario, Canada. The invoice and payment for the item to the foreign seller does not include sales tax (HST). We are charged GST from our customs broker and PST from MTO/Service Ontario. We have 3 separate expenses to enter but it will not allow me to enter the HST/PST/GST paid to my ITC's on a line item in my expense or bill entries. For example: Invoice001:Purchase Price of trailer: 10,000.00 0 HST paid to foreign seller. Invoice002:Import fees : 3005% GST paid towards invoice 001: 500.00      <need to apply this to my ITC's not as a line item under inventory. HST paid on invoice 002: 39.00Invoice003:Licensing/ownership fees: 32.00 8% PST paid towards invoice 001: 800.00No HST charged on the $32 by MTO. The current method I have found in this community and by searching online is to edit the HST at the bottom of the expense to reflect the HST pai

Our GST/HST return for our period ending Nov 30, 2019 has been reassessed by the CRA after a GST/HST examination.  There are a couple items that they disallowed and I need to adjust the return on QB so that the refund cheque matches the receivable in QB.  What is the best way to do this?  One item was a bad debt that should have been entered as an ITC instead of reduction to HST Payable.  The other was a receipt for an item that a subcontractor picked up and the receipt had his name on it.  Thnks!

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I am reconciling the Bank Account, there is a payment showing on the Bank Statement it is the quarterly HST the company paid to CRA In the QBO Banking it did not have a Category or tax showing. I chose GST/ HST payable, it then says Please use GST/HST for this transaction. It shows 25500 GST/HST Payable. It will not allow me to go forward.This is the only item left to reconcile, to allow me to go to the next Bank Statement.

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How do I zero out the GST paid on the balance sheet when the GST is not collected on sales and remitted to the Govt? We've just started and our revenue hasn't reached a point where we are required to collect GST on sales, but the GST on purchases  still shows up on the balance sheet as a NEG liability - which isn't accurate   

We filed GST/HST return for May 2023 in Canada as per QB. QB over calculated GST / HST on some Invoices and we ended up making over payment to CRA. QB has now created an GST Exception report and adjusted this amount in June 2023. Does anyone know why QB has messed up on GST and then prepared the GST Exception report. We didn't change any taxes in the Invoices. The amount of GST collected in Line 103 for June 2023 has been reduced by QB to adjust the overpayment made in May 2023. We can file this report for June 2023 and adjust the overpayment made in May 2023 but how do we notify CRA for the reason and the details of the error in May 2023 and the adjustment in June 2023. We will appreciate if anyone can help us with this filing and adjustments. Thanks in Advance. 

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I know 'how' to set up the rates and group, but want to know before I start if the application to the account can be back-dated

I am using QB for a small home construction business.   QB is including the PST I pay for Office Expenses and Professional Services as if it was part of the House Materials (which are COGS).  It is treating these Expenses the same as PST paid on lumber or drywall, when in fact they cannot be used as an ITC in Sasktchewan.  Is there a way around this?  A way to setup the tax for these type Expenses so that it is not included with home building input costs?

I do my husbands books, I input bills as we receive them, but usually when he goes to pay he’ll use the company debit. Receipts rarely show which “bill numbers” he paid for at each transaction. So, I have been marking these payments in as expenses. I understand that this is a double entry, but could I just delete the “bills” since they are always accounted for as expenses? He also sometimes uses the card to pay upfront at the same places he runs up bills. I’m not worried about tracking if the bills are all paid as he pays in full when the month end statement arrives. Should I be deleting the bill entry’s? Should I be going through and trying to match the expenses to the bills? (Not sure how I’d even do this) and is this harmful for taxes or are unpaid bills not counted?  Thanks in advance folks, I’m a stressed out not-bookkeeping savvy wife trying to learn what’s what. 

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