Taxes
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Hi! I had some questions regarding the differences between out of scope, exempt, and zero rated. I have looked at the CRA website and other quickbooks discussions and have not found the exact information I am looking for. In particular, I was hoping to get some specific examples for those three so I can make more accurate categorizations of the downloaded transactions. Further, I was wondering how bank fees and parking fees shoul be categorized in regards to the tax in Canada. Thank you in advance
I have been using intuit quickbooks app for invoicing for almost 2 years No problems. Suddenly the gst stopped applying itself to the invoices. I make the invoice, I click taxable, it displays the tax on a separate line, totals the invoice amount plus the tax, I click send/email invoice. The customer receives an invoice with no tax. I have tried changing the settings to include all as taxable, it doesn't seem to help. Please help me@!!!
Hello, This is the sample of the bill that I'm trying to enter into Quickbooks OnlineGST: $88.93PST: $124.50Fee: $80GST on Fee: $4 What I used to do was to enter the fee then change the tax amount manually to match the bill. For somereason, it just doesn't work anymore and gave me the following error code (see screenshot). Tried to contact support but they said there's no other way to do it. Any advice on work around? Thanks!
How do I get a report that shows me my Quarterly GST spent from my purchased expenses? I need this each quarter to submit to my real estate brokerage. Thanks! Karen
New QBO user starting day 1 of current fiscal year (July 1). In September, I paid GST assessed by CRA for previous fiscal year (when I wasn't using QBO) from my bank account. How do I categorize the money out (to CRA) transaction in my bank account? Do I need to somehow record the 'opening GST balance' in my QBO tax account and categorize the money out as a funds transfer to that account? I want to make sure I do it right such that my QBO GST Payable account remains accurate and will balance next year after I file my return/pay GST assessed.
I am trying to balance my Manulife (health/disability) benefits. When I choose the dates from the Liabilities the dollar amounts are incorrect. How do adjust to show the correct dollar amounts? If the payment is more does it show a negative balance and then work itself out when processing the next payroll cheques? I am also invoiced by the provider (Manulife) a month in advance. Thanks in advance for any help given.Much appreciated!!Kathy
I'm not registered for QST nor do I collect any.However while filing expenses last year, I ended up with a small negative balance in my QST Payable (Less than two dollars) while travelling through Quebec.How do I zero that out without receiving the 2 dollars?
