Line 101 on the file gst

Glad you posted here, @lovers.

I can share some insights on how you can report the actual sales after deducting commission.

Before anything else, I need to clarify some details of how you process the sale. Do you deduct the commission directly on the invoice using a tax exempt product or service? I need this information as this method will change the total reported income. The final deducted amount will then be reported on the Line 101 of the GST return.

If you want to report the original sales amount, deduct the commision after receiving the full sales amount. I'll show you how.

Step 1: Create the customer invoice.

1. Click the Plus (+) icon.
2. Select Invoice.
3. Add the exact amount to be invoiced. (See this sample screenshot.)

Step 2: Receive the full invoice payment.

1. On the invoice, click the Receive Payment button.
2. Select the correct invoice on the Receive Payment screen.
3. In the Deposit to field, choose Undeposited Funds.
4. Click Save and close. (See screenshot attached)

Step 3: Enter a Bank Deposit to relieve the balance from Undeposited Funds account to bank account. This time, deduct the commision. (See screenshot.)

1. Click the QuickBooks Plus (+) icon.
2. Select Bank Deposit.
3. Mark the invoice payment you received previously from the Select the payments included in this deposit section.
4. Expand the Add funds to this deposit section to add a new line item.
5. In the Received From column, enter the credit card fee as a vendor.
6. In the Account column, add the account for the commission.
7. In the Amount field, enter a negative fee amount.
8. Make sure the deposit matches the net bank deposit amount you received in your bank.
9. Press Save and close.

For your reference, see the following link for the steps: Record and make bank deposits in QuickBooks Online.

I appreciate your time posting here in the QuickBooks forum. If you need further assistance with any task in the program or have other concerns related to this sales tax return topic, post here again. I'll be more than happy to help you anytime.