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February 6, 2021
Question

My PST payment showed up in my bank account. I have already prepared and filed the PST. Which category do I report under and do I choose zero rated tax?

  • February 6, 2021
  • 1 reply
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1 reply

February 8, 2021

Hello userhorvathhottubs,

 

Managing your tax payments can be a delicate process and I'm happy you're using QuickBooks to help make the process as seamless as possible. I'd be glad to steer you in the right direction with recording your tax payments so you can continue being great at managing your business.

 

Knowing the right category to record your transaction is important and I recommend reaching out to your accountant for expert advice.  If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent discrepancies in your books. In the meantime, check out this helpful article with more information on how to properly: Manage sales tax payments in QuickBooks Online.

 

I encourage you to check out the helpful article above and if you have questions, don't hesitate to reach back to me. I'll be here to help.