Taxes
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We made an error on a previously filed GST return. We reported an incorrect amount of GST collected. We will request an adjustment through the CRA's My Business Account. How do we record the refiling and the additional payment to CRA in Quickbooks desktop 2017?
I don't know if anyone have come across a similar issue. When I ran report on Daily Sales Detail I noticed that the 5% GST Sales tax is calculating from Net amount rather than from Gross amount. I ran the Sales Tax to file GST and noticed that line 101 is the Net amount rather than the Gross amount.I went back to run utility diagnosis and got "0" message error. I also ran the Unassigned Sales Amount Detail Report and there was no error reported.So in conclusion, does it mean that QuickBook Premier Accountant Edition calculates GST from the Net amount. Can someone help me pleaseThank you
I remember working at the book keeping firm and she used to make some adjustments before filing. When I click on File Sales Tax, the amount on line 109 shows -$23.99 and at the bottom it says "Your HST is ready to file" with green tick mark.
1 for new company, and 1 for newer company being incorporated.
I meant, HST from a migrated file....
I am new to Canadian QBO from desktop and I am reviewing my first GST remittance. I multiplied my revenue (line 101) by 5% to see if line 103 (amount collected) was 'reasonable'. It was significantly more than 5% of my revenue. I viewed the detail and it all looks ok- all income, all showing 5% tax applied. Sometimes my GST collected is less than 5% of revenue as we have some exempt revenue but I can't figure out how it could possible be more!?! If we had invoices that we filed in a previous period, and then changed the date on the invoice to the current period, would it show up again, without also appearing in the exception report (which would be a negative so we wouldn't actually be paying the GST twice). I am very concerned that I am somehow paying GST again on some invoices as I can't think of any other reason that it wouldn't be 5% of revenue or less. Any ideas would be greatly appreciated!
How do I enter a government garnishment deducted from a customer sent to pay previous income tax and HST owed to the CRA ?Example 1 - Customer Invoice amount $8420.76, Payment Received from customer $6736.61,Customer sent $1684.15 to the CRA ($1631.94 paid to 2018 HST owed $52.21 paid to 2017 HST owed)Example 2 - Customer Invoice amount $3,326.72, payment received from customer $1,996.03, Customer sent $1,330.69 to CRA and it paid Income Tax Owed previously.What I have done so far is enter the customer invoice, receive payment and write off underpayment to the Ask my Accountant account.
I'm reconciling accounts and realize now that my GST payments for Q4/2018 and Q1/2019 were posted from my CASH ADVANCE BY OWNER account instead of my bank account. QBO won't allow me to edit it like a regular cheque. How do I correct this?
