Taxes

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Hi there according to my tax person, the total amount of income on quickbooks does not match my bank statements and I need to change it. What can I do?

Trying to complete my daily sales in QBO, I want to use the tax function but enter in the amount manually. If I turn on the includes taxes on my total daily sales it records it automatically on the bottom. However on some items we do not charge taxes therefore the amount quick books calculates its wrong. If I manually adjust the amounts then it changes my total daily sales amount. If I make a separate product for PST and GST it doesn't work with the taxes function in the side bar. Is there a fix or work around to this?

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Back in January we opted to use the Quick Method to calculate our HST under the advice of our CA. Now the tax report in QB doesn't match.

I erroneously recorded a sales tax payment in March 2023 (filling date February 2023). When trying to delete it, I get the following note:  We couldn't delete your instalment. Give us a minute to get to the bottom of this, and try again. Spoke to Quickbooks and they had to open up a case for it. 

Hi there,I need to create a 100% sales tax option where an expense is 0% expense and 100% tax. I have some US shipping charges that actually are 100% sales tax. When I create a 100% custom sales tax in Quickbooks, and book the expense to "Shipping" and select my 100% custom sales tax, it recognizes 50% of the expense as "Shipping" and 50% of the expense as sales tax. If I try to book the expense directly to the GST/HST payable account, I get an error that I'm not allowed to do that. So I am unable to correctly categorize the expense as 100% tax.Thanks in advance.D

I have gotten this info under the Taxes cabin the past, but now all I get are zeros.

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Hi, I’m struggling to get one return filed as a Deemed resident of Canada (Cdn military member posted in the US) and file spouses return as a factual resident. If one status is changed it changes the other? What do we need to change?

where do I find information on how to prepare my GST report for payment.  what steps should I take to avoid mistakes

I'm new to QBO and accounting.I'm in the process of categorizing my credit card transactions. For the interest charged on the credit card, what tax rate do I choose? I'm in Ontario (CDN) but I wasn't charged HST on the interest. Is it exempt? second question, Is the category chose by QB, Interest expense, the correct category, or should I add interest payments to bank fees? Thank you!

our default tax code dropdown is not working going on 5 days

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Each time a charity records an expense on which there is 13% HST, it can calculate 69.69% of the HST and record it in its 13% HST recoverable account. The remaining 30.31% of the HST should be recorded with the expense incurred.Reference: HST-for-Churches.pdf (baptist.ca) Is it possible to create a custom tax rate that automatically calculates this amount?

I need tax summary of my accounts with USD account separate from CAN account. When I do it online, it appears to show for all accounts. Please advise how to separate this so I can file taxes accurately. Thanks

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  Can anyone confirm if this statement applies to Canadian self-employed people and the Federal Government?@AB1977  Estimated tax payments for a sole proprietorship are not business-related transactions.  Those payments should be made personally.  If you paid them out of your business bank account, record the payment to your Owner's Capital or Owner's Draw equity account.  IMO, to keep things cleaner, you should transfer the funds from your business account to your personal account and then make the payment to the US Treasury from your personal account.View solution in original post   CheerReply  

I received a refund on my corporate income taxes.  How do I record this?

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It was recommended through quick books, I just want to be sure?

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