Taxes
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Can you breakdown the sales tax by class on a bill or invoice?
Tax installments and refunds have been entered in QB, but for the past 4 years, the corporate taxes payable were not entered. When I enter the amounts not previously recorded as 'income tax payable', it becomes a business expense and lowers net income. When I enter the amount as corporate tax payable as an adjustment, there is a double entry and the credit in the Taxes payable on the balance sheet doubles.What I want to achieve is to reduce the corporate tax payable on the balance sheet by the amounts that were payable in prior years. All taxes due have been paid. The current balance sheet assumes corporate taxes have been paid, but no taxes were due.
I remit HST annually. The Tax Summary reports shows the HST due quarterly. I just want to see one report for the entire fiscal year. How do I change the report to annual?
I have never had an issue with this button but for this quarter's GST/HST filing the button is non-responsive. In the past, it would have saved a .tax file to upload to CRA. Any thoughts as to what the problem is here would be appreciated. Using Desktop Pro 2019.
QB makes me post it to the GST/HST expense account. Therefore the payable amount seems to keep getting bigger despite quarterly remittances.
We followed the "Pay sales tax liabilities by instalments" help which ends up creating a cheque to be printed, however we paid by interac (direct deposit). How do we change the payment as we don't want to enter a cheque number as we're not printing a cheque but can't change it to direct deposit or anything but a numeric value when "printing" this cheque?
I have sent off my GST Remittance voucher. How do I enter it into QBO? I have my other vouchers to enter as well and am trying to get caught up.
GST/HST payable account currently totals last years (2018) GST/HST amount PLUS this years (2019) GST/HST amount
How do I enter a bill for GST only?
Hi there... I'm just setting up a new company with Quickbooks Online. I'm based in Ontario and registered for HST. I am also registered for Quebec sales tax (QST) and pending sales tax registration for other provinces. I have my QST number and have updated Quickbooks Online with this information. When I make a sale to Quebec I understand I should be charging "GST" + QST. Quickbooks should look after all of that I'm confident, however the remittance of "GST" is collected by Quebec tax officials and not CRA like other provinces (again, someone correct me if I'm wrong). Will my filing for "QST" include "GST" with Revenue Quebec? Sorry if that seems like a silly question but I figure now is the right time to ask these questions before I have any sales associated :) I didn't register in Quebec for a "GST" number as I understand that's automatic with my HST registration ... is that also correct? Thanks!
