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JasonP65
April 18, 2022
Question

Manually Override Sales tax calculated on an Expense transaction

  • April 18, 2022
  • 2 replies
  • 0 views

Tax rate - Canada 13% HST.

I have used Wave Accounting, In which you could manually Override tax calculated on a single expense transaction and enter the amount paid. 

**Not looking for Sales tax adjustments from Tax tab** Or "How to Manually add Tax rate". Please understand the question. 

Eg. Utility Bill Amount is $1081.69 (Is Discounted Rate).Actual HST Paid is $148.18(Calculated Bases on Original Price). Many Organizations charges 13% HST on before discount amount.  

- So if I Select HST Applicable for the transaction then the HST calculated in quickbooks bases on 1081.69 will be 122.44. I need to enter 148.18 HST amount for that transaction

How do I adjust this. And every month I have Multiple transactions are like this.?

    2 replies

    J
    JamesM4
    April 18, 2022

    Hello JasonP65, 

     

    It's great to have you connect with us here. QuickBooks is a powerful program that's designed to help you streamline your work. I'll be happy to help share more info so you're on the right track with achieving your goals. 

     

    QuickBooks provides the flexibility you need in order to manually enter a sales tax amount when creating an expense. In order to do this, open the expense page and enter your expenses as normal. From here, you can manually adjust the tax amount field which I've highlighted in the screenshot below: 

     

     

    Give this a try and let me know if this info helps. I'll be one message away in case you need help with anything else. 

    J
    JasonP65Author
    April 19, 2022

    Yes, I have tried it before in all settings like Inclusive of Tax, Exclusive of tax, Zero rated and all that. But, it always changes the net amount based on Tax entered. Did multiple calculations and tried it but new calculations are always based on the tax amount entered. 

     

    So no this is not helping. Thank you for your response. 

      T
      Trish_T
      April 19, 2022

      Hi JasonP65,

       

      Thanks for reaching back out.  It's important that you're able to enter the associated sales tax to your expense seamlessly.  As outlined by my colleague in the previous reply, you'll make the adjustment to the sales tax total, rather than entering it in the sales tax column of the item line.  Your time is valuable and I feel it would be in your best interest to contact us so we can work with you directly and ensure you're able to reach your QuickBooks goals as soon as possible.

       

      Schedule a Callback or start a Chat: click (?) Help in the upper right in QuickBooks Online > enter "Contact support" > hit Contact Us > provide a brief summary of your situation > hit Let's Talk > choose Get a callback or Start a Chat.
      Social Media: Facebook, Twitter, and Instagram.
      Support hours are from Monday to Friday between 9 a.m. and 8 p.m. ET.

       

      Please don't hesitate to reach back out with other questions.  We'd be glad to assist!

       

       

      E
      EliCostello
      January 7, 2023

      How can I manually change the tax percentage / amount on expense transactions that Quickbooks downloads from my credit card?

      Where I live, the GST I pay on parking expenses is actually 6.2% of the base cost, not 5%.

      T
      Trish_T
      January 9, 2023

      Hi EliCostello,

       

      Thanks for joining us here.  Having the sales tax properly recorded on your transactions in QuickBooks is essential in keeping aligned with government guidelines.  I'd be happy to provide more information so you can accomplish your QuickBooks goals in a timely fashion.

       

      The first step would be to add the sales tax rate.  Here's how;

       

      1. Open Taxes from the left menu and select Sales tax (Take me there)

      2. Click on Manage sales tax and then Add tax

      3.  Choose the type of tax you want to add and follow the prompts to complete the set up

      Here's a helpful guide for your reference.

       

      Follow these steps to edit transactions in your chart of accounts;

       

      1. Open Settings ⚙ in the top right of your QuickBooks Online dashboard

      2. Select Chart of Accounts

      3. Locate the account in the list and click on Account history in the Action column

      4. Choose your Filters, to minimize your search

      5. Click on the transaction to expand the view and hit Edit

      6. Make the necessary corrections, then hit Save and close

       

      Should you require additional assistance, please don't hesitate to contact us.

       

      Schedule a Callback or start a Chat: click (?) Help in the upper right in QuickBooks Online > enter "Contact support" > hit Contact Us > provide a brief summary of your situation > hit Let's Talk > choose Get a callback or Start a Chat.
      Social Media: Facebook, Twitter, and Instagram.
      Support hours are from Monday to Friday between 9 a.m. and 8 p.m. ET.
       

      If you have any other questions, feel free to reach back out.  We're here for you!

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