Taxes

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The combined account makes it very difficult to find a discrepancy.

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Hi There,I was uploading my daily sales to Quick Books desktop using a IFF File until yesterday. Today just I can't upload it. It mark error. I think it has something to do with the taxes codes, before the GST and PST were not set up properly and when pulling the report there were no entries on the report, I got the instructions on how to set up the codes and preferences, now they show in the report but when I try to upload my IFF file of today, just can't. Any suggestions? Thank you.  

 

HiSo my broker normally send me an invoice which include GST for my shipment. How do I entered it in quick book online? For example :  I tried to manual adjustment the GST amount of the expense but then it applies the 5% which then make the Total amount incorrectly. Problem is this not always match to particular percentage so I can't create another Tax group. What should i do? Thank you

Hello everyone.I'm an owner of a company and I use my personal truck for business. The company is paying for the vehicle loan on my truck. I took out the loan personally and not through the company. Can I claim the interest on the personal loan for the truck as a company expense? 

My sales tax is not appearing in my Sales Tax Payable account.  HST is, but PST is not.  I have been tracking the PST paid in my bill line items, and have been advised to include them on the sales tax liability account. I have HST and PST items, I have the sales tax codes, H and P set to their respective items. I can print a P Sales Tax report from the Sales Tax List.  From the Item List, i can print an Item report for HST, but the same report for PST is empty.  Similarly, the PST is not appearing in my Sales Tax account. What have i not connected properly? 

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Hi,I have filed the year end HST of 2022 to Canada Revenue Agency. Then I tried to record it in QuickBooks by clicking 'Prepare Return' in the taxes section. However, quickBooks only showed me the message "These books have been closed. If you need to reopen them to record an earlier payment, enter your password.". It did not create any new journal entry, which I can reconcile with the payment I made to CRA.Moreover, in the taxes section nothing changed. It is still showing me "Prepare a return", and the 2022-year end HST is still there. The books have not been closed like they were supposed to be. Please Advise.

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We have GST and PST payable and I would like to use the sales template but I get an error when I try to add the sales tax payable accounts. If I don't enter this way, the sales tax reports do not include monthly sales, so I am trying to change how I enter daily sales.

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Does a Capital Dividend need to be declared on the sale of an asset or can it be declared later? Where can the portion that will be declared a dividend in the future be booked IE: SHL

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I operate my consulting business out of Nova Scotia, but have clients in other tax jurisdictions. For the past eight months, I have been invoicing an Ontario client and the application has been programming the sales invoice with NS HST of 15%. The rule I understand is the point of delivery, and so the Ontario 13% should have been charged. Neither we or the client had realized the error until just now and I wish to make an adjustment to their account, crediting them for the overcharged HST and adjusting the tax payable. All examples I have seen so far do not show how to credit the client and to have the adjustment properly associated with the tax report to the Government. Any help on the correct accounts and entries would be appreciated.

line 101 on the tax return is 0.00

What category should I use for my child theraply? Please help

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Hi all, I'm using Quickbooks for Canada via API, and when using the GST/QST QC combined tax (5% + 9.975%) I'm having issues on roundings. Let me give you an example.For an amount of $8.70, we have: GST @ 5% on 8.70 = $0.435QST @ 9.975% on 8.70 = $0.867825Summing all (8,70+0,435+0,867825) we have $10,002825, which should round to $10. The issue is that Quickbooks is rounding every parcel before the final sum, so:GST @ 5% on 8.70 = $0.44QST @ 9.975% on 8.70 = $0.87Summing all (8,70+0,44+0,87) we have $10,01, which is not what was expected to. I tried to follow this:Go to the Settings (gear icon) menu, then select Company Settings.Go to the Sales tab, then click the "Sales form content" section/Make sure that the "Round off final amounts for sales transactions" is ticked, then click the Save button.Go to the Expenses tab, then click the "Bills and expenses" section.Make sure that the "Round off final amounts for expense

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