Taxes
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Using Accountant Desktop 2020Just noticed the Tax Agency Detail Report is showing all sales/revenue as Line 103 (GST collected) rather than Line 101 (Sales & Other Revenue) - see screenshot below. So the amounts for Line 103 include GST collected + Sales (except for a few journal entries for some reason). When I print the final GST Return, it is correct. When I click on Line 101 inside the return, it pulls up a detail report that is also correct. Not sure where the Tax Agency Detail report is pulling the info from to cause the error and discrepancy. Any ideas of how to fix? Settings to check??
There are some input tax credits showing under Adjustments 5% that are showing up on the Taxable Sales Summary but they are not being picked up in the Receiver General Report. Can someone explain?
in quickbooks self employed I'm recording expenses were I am charged both GST and PST (BC) therefore, I am applying the BC Sales tax code of 5% GST and 7% PST, but the PST I am paying is not being added to the expense, and it does not appear to be tracked separately anywhere. Does anyone know where the PST I am paying is being recorded? I should be able to add the PST to my expense and then be able to deduct it against my income. Thanks
I am a bookeeper at an accounting firm. I am new to QBO. I have a new client that has recently converted to QBO from QB Desktop. Client only uses the sales portion and I want to get his QBO functional. The issue is HST account and how the filings work. In the HST account are 6 years of transactions that need to be cleared. If I try to file a return using dates that need to be cleared (2014-Sept 30/2019) the numbers that end up in my HST payable are very incorrrect. So I would be back to where I started...HST payable not correct.What are the steps I need to do to get my HST filings correct and my HST payable GL correct? I have watched hours and hours of online training and videos...but none address the specifics....only that you need to file the filings as if everything were in a perfect world. HELP PLEASE!!!!
Why arent we able to add QST on invoices in self-employed like we can in the business quickbooks. Should it be just a matter of releasing the option in self-employed? It work well for my business account! And it's not a tax on a tax anymore it should be as simple as other provinces; HST 5%+QST 9,975%
Hi, I have a conundrum I would like some help with please.In February 2020 I filed the GST/HST returns for two periods in one day: July-Sep 2019 and Oct-Dec 2019.I paid the amounts owing for both of them also on that same day.Because the Jul-Sep return was late, Revenue Canada, instead of applying the second payment to the Oct-Dec return, applied it to the late penalties now owing on the Jul-Sep return and issued me a cheque for the balance of my payment.I e-deposited that cheque to my business account, which now shows up in the 'banking' area of my QB Online as a payment and auto-assigns it to one my accounts receivable customers.My conundrum is how to show all of this in QB?I spent 4 hours on Friday with a QBs expert using screen share trying to accomplish this, but it's still showing in my 'banking' area as a payment from a customer.
