Taxes
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Oops. I was trying to create a custom sales tax code (I am used to Quickbooks Desktop) and accidentally created a sales tax province. How to undo and remove the sales tax province which I accidentally created? We won't ever remit to that province. If it cannot be undone, can I choose a setting that says we are not signed up to remit to that province (so that the tax portion of each expense can be added to the expense's account, rather than separated to a separate provincial tax account)? I.e. I would like QBOnline to behave more similarly to the way Quickbooks Desktop adds the non-hst tax portion to the expense (even though on the input/receipt screen, it shows the provincial tax amount in a separate box.)
I filed my PST tax filing through QB desktop for last quarter of 2020. The filing itself is correct, however, when QB set up the amount to be paid for that quarter, it included transactions from Jan 2021. Has anyone else had this happen and is there a solution. I tried restoring a backup from before the filing so I could just re run the filing but it won't let me re run the tax filing as it says it has already been done (but the data is from before the filing!). QB seems to be hanging on to transactions and updating whatever backup I restore to. I have tried for a week to get a call back from Intuit tech support but they just aren't calling me to help. I can make journal entries to correct the payable amount but the filing dates on some transactions are also wrong I see....QB generated. So something is very wrong. Help!
As a non-profit organization we claim a rebate from CRA for 68% of the GST which is 3.4% and we expense 32% of the GST which is 1.6%. Being in BC there is also PST of 7%. Therefore we have created a custom tax code so that the 3.4% portion of GST is recorded in the GST Receivable account and the 1.6% portion of GST is expensed. The 7% PST is also expensed. This works perfectly when recording an expense or bill.It does not work when we try to record a supplier credit!When we record a supplier credit using the same custom tax code we receive an error saying "We're sorry, Quickbooks encourntered an error while calculating tax. Try reselecting the tax rate or reentering the product/service item and saving the form again."We've come back to this several times and continue to receive the same error message.How do we resolve this issue?
DELETED. USER ERROR.
Hello guys First time doing this, hopefully, I do it right. I'm having trouble assigning a tax rate to many of the online subscriptions and digital services my business uses. A few examples are Clickfunnels, Squarespace and Fiverr. These companies do not charge GST/QST. The problem is I'm unsure whether to tag it as Zero-rated or Exempt. My accountant sent me this link: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/charge-collect-type-supply.html but I still am unsure and I wanted to get a response here from the community as well. Thank you guys so much
A client has a 3 year old company. I am only recording for the last fiscal year. He received a GST return. I do not have the GST summary in Quickbooks, but I have a paper copy. How can I properly record the GST return. I am using desktop.
I file GST annually, but will make installments. How do I enter these payments in Quickbooks desktop pro?
Hello,I hope you can help. When I filed my HST last quarter I didn't realize that it was not marked as filed in QBO. I have since found and made a few adjustments that appear to have affected this quarter and have adjusted what the Line 114 amount is. I am trying to prepare my filing for this quarter that just ended, and need this corrected prior to filing.I have gone through the reports and can't seem to see where things went awry. Any assistance is greatly appreciated.
where do I locate this report.
