Taxes
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Hello I had my Quickbooks account for numerous years. Back in early 2022, we closed our old Partnership(Quickbooks is under Partnership name) and opened Corporation.Employees or address of company remained the same.I need to submit T4 under the old company name(Partnership) operating only in January 2022. Then I need to submit another T4, now under the Corporation, for February-December 2022. Is it any way for me to do this through Quickbooks or do I need to hire an accountant? Thank you for your time!
Hi, I am trying to file T5018 from QuickBooks desktop 2022. When I try to process T5018, it does not show any payments made to vendors. I figured out that It only show amounts while processing T5018 if you have entered payments from the bill module, while I have entered bills and made payments through accounts payable journal entry and then later setting credits off with the bills. Can someone please help me to file T5018. All I want is the vendors payments should show up in the Process T5018 form, even if I made the payments with journal entry.
Hello I have QuickBooks online plus. I know, I have to submit all T4 slips to CRA website. How about T4 summery?Don't I have to submit T4 summery to CRA as well. Or I don't have to submit T4 summery. I don't remember what I did with T4 summery last year. Also is there anyway I can find all inactive employees in payroll tax page , so I can Print all inactive employees T4 slips. As always Thank You so much QBO awesome team. ThanksFarzana
We recently started using Lightspeed POS system and we are mapping all of our sales data to QBO. I just went to prepare our GST return and it is showing zero sales revenue. I mapped our Lightspeed sales revenue to matching income categories in QBO and the income shows up on profit/loss reports, but not in the sales tax return. The taxes we collected on sales are also missing from the return, although they show up in the sales tax payable accounts. All the QBO GST return shows is our input tax credits. Do sales need to go through the "Products and Services" feature in QBO in order to be tracked as sales for tax returns? If so, I don't think I can map our sales data directly from our POS, which means either daily manual entries, or I have to do the monthly sales tax returns manually. I'm hoping there is a better solution, can anyone help me?
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reporting GST with no sales
I'm trying to mark my sales tax as filled (created payment installment and balance is 0$) for my last quarter and i'm getting this error: You recorded an instalment payment that doesn't fit in any filing period. Delete the instalment before you prepare your return. Then create a new instalment with a sales tax filing date that falls within your sales tax filing period. (code: "INDIRECTTAX-10395") My filling period is August to October , I entered the instalment in December ...everything is already reconciled. When I try to mark it as filled I'm blocked by that error and not sure what to do. I deleted the instalment ( broke my reconcilation) to put it on a date within the filing period as the error says...but still not working.
Hi, I know that the vehicle expenses must be a percentage of the total mileage used for business.I have logged my business mileage which is about 70% of total mileage.Therefore, the expenses incurred should also be only 70% correct? Insurance and the rest.Do I need to calculate this manually or can the system do this for me. Or do I need to split each expense to 70% business. If so, can I do this in batch? Thank you!
I am very new to QUickbooks Desktop Pro. I have filed and paid all remittances- just not through QB. We are at year end and I need to show the transactions- how do I go about doing this?
Broker invoices us for CRA value of goods with the 5% GST calculated. We then pay a customs release fee. How do we post this on our supplier account(the broker) when the GST represents 90% of invoice value. Example Broker invoice shows GST 1607.97. We then have an additional item "release fee" of $150 and a GST amount of 7.50 associated with this. We want to make sure when this is posted that the amounts show up on our GST Detail report prior to doing our quarterly reports.
Does anyone else have an issue with the Incorrect sales tax calculations for Ontario?
Acuity : Credit C. transaction = service provided + HST but when added to Quickbooks shows only a total amt. and no tax code. Acuity does not allow HST.
Hello all, I started at a new company and when I opened the bill tracker it shows up an old bill from 2011 (that has been paid) with unapplied payments. I tried applying payments and now it is showing up as a negative number on my tax sales report (over 8k) and I am not sure how to deal with this. There's also another issue: I issued a cheque for Receiver General to pay taxes last month and the amount is now showing as unassigned tax amount, the problem is that the cheque was posted as "gst payable" and I can't assign a tax code to it. Any advice on how to deal with these 2 issues? Thanks in advance!
I messed up the date on my first HST filing in Quick Books Pro. Quick Books thinks that I filed and wont let me file under the proper date. How do I delete the old HST return so I can I can file the proper one? (The original return did not register with the CRA)
Hello Team This is question might sound silly but I want make sure. I have a reconciled invoice in the year 2021. But the invoice was coded to wrong Customer. I am pretty sure, if now I changed customer name, that would not impact my Bank Reconciliation for sep2021. Is it Right ? Cause I am not deleting or reversing the amount, just correction the customer name in payment section. Another question I have, this year is the First time I am sending T4 slips to all my employees through QBO online. Most of the employees have email account / workforce account .Some of the employees does not have email account in the profile. So I guess those employees will not receive T4 slips. Is it right ? Can anyone please let me know the steps how to send T4 SLIPS. For T4 summery do I have to send it to CRA ,OR QuickBooks has already sent T4 summery to CRA. Thanks Team Appreciate your Time and Help.
Why do my employee payroll cheques shw HST when matching in bank?
We created a GST receivable account to have GST on purchases coded to this account - we are attempting to keep only GST on sales coded to GST payable, which will help us reconcile and file GST easier. I went to the Item List to change the account on the GST on purchases items but I can't edit any Sales Tax Items to change the path from the payable account. Can someone tell me how I can achieve this?I want to only impact any purchases made going forward (and will need to change anything entered this year already for January but do not want to apply it historically). Thank you.
I am filing an annual HST return. There is no option to add the installment pymts (as an adj or otherwise) before 'filing'. How do I move them from the installment acct to the filed return? I can only think of moving to cash and applying a cash pymt to offset.
I tried following the instructions on how to set this up but I can't see the MTD item on the Taxes Page and Advanced Page. Can you assist me with this?
