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A
arbjohn@yahoo.ca
March 3, 2022
Question

Set up GST for a Charity and claim 50% ITC credits in BC

  • March 3, 2022
  • 1 reply
  • 0 views
I needed to set up the Sales Tax so that when we have invoices we pay and claim the GST (50%) how do I set that up,

1 reply

N
Nick K
March 3, 2022

Hi arbjohn@yahoo.ca.

 

Setting up your sales tax to calculate the right amounts and provide you the correct ITC's is imperative to keep your accounts correct and your sales tax filings accurate. I'd be happy to help you with getting your sales tax set up in QuickBooks Online.

 

In order to do this you'll need to manually set up a new sales tax code by which is similar to setting up a Meals and Entertainment. I recommend following the steps in this article for BC to set up your sales tax code.

 

If you have any questions let us know and we'd be happy to help.

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