Taxes
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When QB calculates the GST on invoices and expenses, it is often off by a few cents. This is especially problematic with reimbursement requests where I am entering a line per receipt provided. QB calculates the GST on the total amount, rather than per line, so the rounding that occurs on each receipt is lost in QB. This causes my GST numbers to be off and I want to ensure we are compliant when applying for our GST refund in case of an Audit.As we are a small charity, entering each line as a separate invoice to be paid is too time consuming and difficult, so I need to be able to add up the GST on the receipts and enter the total into QB manually. This is a common feature in other software I have used previously and I need to know where to find the setting to adjust this.Thanks for your help!
Or do I need to re-file with CRA? I'd prefer not to ...
So I was delayed getting the reconciliation done on a quarter. Went ahead and filed the GST based on what was there, then went in and reconciled. Needed to add a missing transaction. OK, so figured next quarter the GST filing would pick that up. It does seem to pick it up, but after I file for the next quarter, it still shows those incremental GST amounts as owing. They show up on a GST report for the prior quarter, and they of course end up in the GST owing account on the trial balance. How do I 'clear' them from the prior quarter?
A cash purchase was made from marketplace for a business item (framed print and carpet) and no taxes were charged. These were paid personally and then expenses were submitted to reimburse out of pocket expenses. That part I get. Now...How do I enter the self-assessed taxes on the purchases for GST and PST to submit the self-assessed taxes to the government? Thank you.
We made a cash purchase on Facebook Marketplace and no taxes were charged. I am trying to report self-assessments on the purchases for GST and PST. How to I get the GST to show up on Line 405 Other GST/HST self-assessed in the GST report? I can not figure that out. Thanks.
I need to enter my Property tax into quick books online and im not sure what to set all the account types as in charts of accounts.
I am pretty new to QBO Online and need a bit of help with ITC’s on bank transactions. I have my 15% HST tax set up and have applied the tax collected on sales and spent on expenses. When I run my Sale Tax report for my quarterly remittance, my ITC section is showing $0. I don’t use QBO to invoice as my sales are generated through a POS system. All of my transactions are downloaded through my bank and then Categorized. What am I doing wrong to not have any amount showing in ITC?Thanks in advance!
Hello, I used the automation within QBO to prepare file and pay my HST, however the payment shows as a Credit not a Debit in the Bank Transaction listing. I am not sure how to fix this as I have already tried to delete and readd the payment. Please see attachment. ThanksNicole
I have moved my business form Ontario to Quebec. I would like to change all my customer tax rates (99% in Ontario) to 5% GST. Is there a way to do that without editing each customer?
Are my taxes setup incorrectly?
Just trying to run a report showing hst spent
I do accounting for an actress. When I post the income into the invoice I also take out the commission withdrawn from the income of which is GST exempt. How can I prevent the reduction from reducing the gross income on line 101
Quickbooks sales tax reports. I have a new client that has never done these but I’d like to get them started. How would I clear the amounts from 2021 to read a true report and not frig up the accounts?
Can I record my GIC Savings account in a way it does not appear as income, or revenue?
I am trying to file HST for the quarter and there are unassigned tax amounts. I investigated and found that the person who was here before me, entered 2 HST refunds in 2021 as journal entries: Debit to bank, Credit to GST/HST Payable - under the "name" field, she selected "Receiver General", but there is no tax item selected from the dropdown - options are: GST ITC Zero Rated, GST installments & net tax paid, GST zero rated sales, HST on Sales or Purchase ITC. How can I fix this so that I can file? Thanks.
The Epay window for payroll tax is not loading the details and it’s stopping me from making the payment which is due today. It just shows “now for the details” and that’s it.
Hello,I'm having some trouble with an HST transaction. Info: Filed HST on due date (April 30). An employee provided a fuel receipt (company cc) which included HST from March 21, 2022. So now I have a negative amount in "Unpaid Bills" Report. My supervisor feels like this is wrong, even though the amount paid is now an overpayment. I tried to make a fake transaction to duplicate the scenario, and it won't do it now. The same information shows up under Unpaid Bill Details. I have looked and all I can find online is that a negative balance means an overpayment, which makes sense. So I guess my question is: Is that accurate? Should it be shown there until the next HST remittance? Is the reason that I can't recreate it because I would have to file my HST before it will show up there? I'm using Desktop Premier Professional Services. No t sure if that will make a difference. Thank you
I imported a product, and for the first time ever, I received an invoice for pure GST. I paid it online through my bank, so now I need to know how to record an invoice (or GST input tax credit) that's 100% GST, and the transfer from my account to pay the CBSA. Thanks in advance!
Hello Community,What is the best action if the GST/HST and income returns are filed but at later date we came across that some receipts were not claimed at all not for GST/HST or Income.in this case what we have to do? and what what would happen?what options do we have? just leave it? or we need to do something about it in case we lost that proof of purchase but the transaction came out from business account. Thanks in advance.
