Taxes
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I had to add a new sales tax from Alberta. It is the Tourism Levy of 4% that they charge on things like hotels. When I track the tax on an expense, it moves it into its own tax expense account instead of including the tax in the travel expense account. When I do BC PST, it knows to include the PST in the purchase amount and therefor puts it in with the cost of the expense. We are not PST registered. I would like to know what I need to do to have the Tourism Levy (a form of alberta PST) be included in the expense cost, rather than tracking itself in its own expense account.
Hi!I work with Group taxes. Why in our QB reports we have not our taxes from the Group classified? We see only total line for taxes, without clarification where is VAT, where is NHIL, and so on...
Similar to HST ITC on meals at 50%, it fuel at 6.5% of HST taxed? how is it calculated. Thanks.
Hi, I am new at QuickBooks online. I am trying to get the breakdown of sales on the HST Return for the previous months. The HST collected and the input tax credit are showing on the report but not the breakdown of sales. My sales on the return is different from the Profit and Loss sales. Thanks, Jovill
Just wondering how products in a hair salon are categorized. Inventory was never tracked properly only sales.How would you classify the following: Products sold to clients off the shelfProducts used during appointments (ie. shampoos, hair dye etc..) Im thinking products sold would be general sales and products used would either be COGS (cost of goods) or Job Materials. Thoughts?
i have the money from the self employed income support scheme which is taxable. How do I record it? As a supplier with no VAT?
Should I record them as income from sales? I am using Quickbooks Canada version. Thank you very much.
I need to exclude that from the form.I tried to make that tax inactive following the instruction https://quickbooks.intuit.com/learn-support/global/tax/how-to-delete-sales-tax-rates-and-agencies-how-to-inactive/00/384294 But, i can't see the menu where to delete / make tax inactive.I also can't delete it from the chart of accounts, i get the message "You cannot change or delete this account as it is used by the system to track tax amounts."Please, help me solve this problem
I have a client that has over paid his GST filings, how do I record these payments to match up with the bank reconciliation/bank feeds?
Good Day, My company located in BC and I am trying to setup GST/QST or QST in QB Online. Could someone please help? Thank you in advance. Shirley
I had a corporate taxes payable which was deducted from the HST refund for January return. I need to record the payment of 2019 corporate taxes and decrease the HST owing to me. Do I do this with a journal entry? should it be done in multiple entries or just as one?
I need help to try to understand how to fix my tax agency report on line 103 GST/HST collected.. It is showing me a negative amount -778.12 When I click on the amount it pulls up our invoice but that amount is no where to be found on the invoice.. THe tax collected was I am very confused how/ where this amount came from. . The only taxes we collected in the last quarter was $740.35. Can someone please help me understand what might have happened.. I am new to book keeping..
