Taxes
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I would like to see three GST Accounts: GST Collected, GST Paid (ITC's), GST Payable. The default in QBO is linking all GST to one account making it very difficult to track adjustments from prior periods.
For my insurance expenses, only Ontario PST applies, but there doesn't seem to be a way in QuickBooks Self Employed to apply PST only to the expense, only HST. Is there a way to do this?Thanks
Original tax return was "Filed" in QBO, but no option to unfile or adjust, just Record Payment.
does Intuit add GST to the fee they charge me for my client using their payment service?
Hello, I am trying to set up the GST as a compound tax. Is this possible? It is for a Vape sale. The government now charges 13% vape tax plus 7% provincial tax and then GST on purchase plus the 20% taxes.Example: Sale: $60.00PST: $4.20Vape: $7.80Subtotal: $72.00GST: $3.60Total: $75.60
Our HST on our invoices being sent out are off by 0.01 to $1.37, depending on the size of the invoice. My understanding is that the HST is calculated by line item and rounded, which is causing quite a few issues when our clients are entering the invoices and they see they are overpaying in HST. The sub totals match but the HST is off. What I don’t understand then is why the bottom of the invoice it says HST 13% calculated on subtotal when it’s not really calculated that way? How can we fix this issue so that HST is correct for all parties? To top it off, it’s other clients using QBO Online that are advising us that the tax is incorrect.
I've unfortunately been using the wrong number on my invoices and I can't get through to quickbooks for the life of me. How can I change the number thats displayed on my invoices?
Can someone from Intuit contact me regarding setting up payments?
When I enter payable invoices I somerimes need to enter HST that is different that the calculated 13%. For example for broker invoices the charge their rate where the HST is calculated normally. However we also need to pay the HST on the item imported. A bill may have $40.00 broker fees and $110.00 HST. How do you enter that cleanly? There are other situations where this type of thing happens.. So far I have just entered the taxable goods with tax excempt, and them entered the HST rzx excempt and posted that line to an GL account. Now I have HST payable in another account than the proper HST account. What is the solution?
Example DATE PAYMENT DEPOSIT TAX% BALANCE 12/09/2020 N/A 100.00 N/A $162.85 01/11/2021 $24.29 N/A 14.975 $138.26 incorrect, should be $134.98 01/31/2021 $39.19 N/A N/A $ 99.07 02/13/2021 $55.98 N/A 15.975 $ 43.09 incorrect, did not consider the tax
I needed to set up the Sales Tax so that when we have invoices we pay and claim the GST (50%) how do I set that up,
Hi, I am a bookkeeper for a small restaurant.We are using QBO but I didn't set up QBO payroll because we are using the separate payroll site.My boss wanted to pay the payroll tax every month and pay the tax by the business bank account.When the amount paid is on a bank statement, we should match the amount and record it on QBO.How can I record this amount? There is no button for payroll tax on the tab of Taxes for us.Can you help me? ThanksLeah Ju
We would file HST returns in the past & we cancelled HST registration. Now we require to file again but QBO shows past start date. How to make it show correct start date?
I Live in BC but work for companies in Alberta so I don't charge them PST so I don't remit PST. However I sometimes have expenses in BC that I have to pay PST and GST on. I am not sure how to capture this in my expenses. Right now I am selecting tax inclusive and including the PST & GST in the amount but in the GST line I have to overwrite the GST amount as it wants to include GST on the PST amount as well.
Due to COVID we lost our Bookkeeper/Accountant and started using the Quickbooks Desktop ourselves over the past two years. (thats 3 years accounting) I figured out 'almost' everything except didn't know about using the Sales Tax features for preparing and paying our BC PST & GST. We simply looked at the yearly accumulation of taxes collected and ITCs and used the Write Cheques feature to process the online payment we made directly via out bank account. Now I notice that our Trial Balance, and TurboTax T2 are incorrect. I now have a long list of items on the Unassigned Sales TAx reports.How do I repair this mess???
I know I can make a note on the estimate but - to make the customer understand why there is no Tax on the options is difficult
Hey, How can I track one-time HST payment? I bought a phone for business in installments over 2 years, but I paid the HST on the phone upfront. How do I track that HST? I use Quickbooks self employed. Thanks
Hi, I am needing assistance on how to record an expense with GST and PST. I am not registered to remit PST so that portion must go to the expense account and the GST is calculated on the subtotal (before PST). How do I enter this expense into the system. Currently, I am entering 2 expense lines for each expense:-one being the subtotal (with GST added to this amount)-the other being the PST (with the tax amount being exempt) This is the only work around I have found regarding the GST being correct and the PST getting allocated to the expense account. Please advise if any other way to enter because now in my expense accounts I will have 2 lines for every expense (subtotal and PST).
Hi, I have a chalet under management by a property manager. They collect the sales, and send me deposits monthly (the profit). Quebec lodging tax paid by property manager. The sales taxes are paid by me. I do not know how to set this up in Quickbooks. For example, assuming a sale of 10 nights at 100$: Sale: 1000Lodging tax: 35Total: 1035PST: 51.75QST: 103.24Total: 1189.99 The deposit I have is NOT 1189.99, as the property manager is doing the loding tax remittance. The deposit is 1154.99 How can I enter this deposit: where 1154.99 is my sales and 51.75+103.24 for sales taxes ? Thanks!
