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May 11, 2023
Question

What hst category is used when bills are from USA companies that do not add hst to the bill?

  • May 11, 2023
  • 1 reply
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what hst category is used when a USA supplier does not add it to the bill

1 reply

May 11, 2023

Hi ldds@rogers.com,

 

Welcome to Community!  Recording your transactions accurately is necessary in keeping aligned with government guidelines.  QuickBooks Online ensures you're able to track sales tax only transactions, when you purchase items outside of Canada.  I'd be glad to show you how!

 

Follow these steps to record the sales tax expense on imported goods;

 

1. Select +New from the left menu and then choose Expense

2. Enter the Payee, Payment account, Payment date and Payment method

3. In the first line under Category details, select an expense account related to the imported goods

4. Enter 0.01 in the Amount column

5. Choose the tax code that represents all tax types paid
For example, if you paid both GST and PST on the imported goods, select a GST+PST code.

6. On the second line, in the Account column, select the same account

7. Enter -0.01 in the Amount column

8. Select “out of scope” for the tax code

9. Edit the fields below the Subtotal to reflect the amount of tax paid for each tax type

10. Hit Save.

 

Feel free to reach out again, if other questions come to mind.  We're always happy to help!