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February 23, 2024
Question

Does anyone know how to build the BC Liquor tax of 15% (5% GST and 10% PST in QBO?

  • February 23, 2024
  • 1 reply
  • 1 view
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1 reply

QuickBooks Team
February 23, 2024

Hello amharveybookkeep,

 

It's a pleasure to see you in Community.  Welcome!  Recording your transactions with the associated sales tax, is essential in ensuring accurate calculations, while keeping aligned with government guidelines. QuickBooks Online provides the ability to create group sales tax rates, so you can apply them to your transactions effortlessly.  However, in your situation, I encourage you to speak with an accounting professional for their expertise an best course of action. If you don't have an accountant, we can help you locate a ProAdvisor in your area. 

 

If you have any other quesetions, please don't hesitate to reach out.  We would be glad to help!