Taxes

The button doesn't work anymore. Do I have to upgrade my account? I don't use it that much so i would find that a little bit abusive to have to do that to continu using the system.

Hello, I am new to QBO and wanted to know how I could separate taxes on expense transactions made using my debit card. Basically, I have connected my bank account/debit card to QBO and it's pulling data in automatically now but both price and tax of an item are clumped together. So for example, in QBO it shows it uploaded a transaction I made using my debit card for $12.43 but the transaction is actually $11 + 1.43 GST/HST when I look at the vendor's invoice. I don't need to collect tax as I don't really have an income right now but shouldn't I be tracking taxes separately anyways? Or let's say I hit the threshold where I have to start collecting taxes and remitting them, how will I know how much taxes I paid like this? Any help would be greatly appreciated, thank you.

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Can I add new columns and manually enter the PST and or GST when it applies for my expenses?  

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How can I record all steps in payroll for RRSP in Quick Books for the 1st time?

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Can I delete the filing and have the correct number entered.

Hi thereWhen I begin to categorize my bank transactions, I must select a tax % for each expenseI'd like to confirm what I'm actually doing by selecting 13% Ontario tax for these transactions - does this field indicate that I paid 13% on that transaction? Thank you in advance for your help

Hi AllI'm new here and I'm now just taking over my corporate books so I have a lot of questions.  I am currently taking a course to help me through this process but I have come across one transaction that is stumping me and it has to do with a CRA Refund.I filed my GST last quarter and had a refund coming for simplicity sake lets say it was $1000 at around the same time I filed my Corporate taxes and owed $500.  They deposited the difference in my bank account of $500.My question is how do I record this transaction.  Here is my thought.  Create a Journal entry as follows.Credit my GST/HST Payable Liability Account for $1000Debit my Corporate Tax Liability Account $500Debit my Bank Account Asset $500.Does this sound right?   Lastly, in my Taxes module where it says record refund does that drive an actual journal entry or is that just checks and balances to make sure you are on top of everything? I don't want it record the refund here as well as that would m

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I screwed up and put in out of scope when I started and I think that messed up my whole year of buying fuel. I'm in British Columbia and am trying to figure out what I'm supposed to use. I am going to hire a bookkeeper this year. This kind of thing drives me nuts.

Is there away to record PST "ITCs" the way it is done with the GST payable, and GST ITCs?

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this error message came up how can i fix this

Hello I had my Quickbooks account for numerous years.  Back in early 2022, we closed our old Partnership(Quickbooks is under Partnership name) and opened Corporation.Employees or address of company remained the same.I need to submit T4 under the old company name(Partnership) operating only in January 2022.  Then I need to submit another T4, now under the Corporation, for February-December 2022.   Is it any way for me to do this through Quickbooks or do I need to hire an accountant? Thank you for your time!

Hi, I am trying to file T5018 from QuickBooks desktop 2022. When I try to process T5018, it does not show any payments made to vendors. I figured out that It only show amounts while processing T5018 if you have entered payments from the bill module, while I have entered bills and made payments through accounts payable journal entry and then later setting credits off with the bills. Can someone please help me to file T5018. All I want is the vendors payments should show up in the Process T5018 form, even if I made the payments with journal entry.

Hello I have QuickBooks online plus. I know, I have to submit all T4 slips to CRA website. How about T4 summery?Don't I have to submit T4 summery to CRA  as well. Or I don't have to submit T4 summery. I don't remember what I did with T4 summery last year.  Also is there anyway I can find all inactive employees in payroll tax page , so I can Print all  inactive employees T4 slips. As always Thank You so much QBO awesome team.  ThanksFarzana   

We recently started using Lightspeed POS system and we are mapping all of our sales data to QBO. I just went to prepare our GST return and it is showing zero sales revenue. I mapped our Lightspeed sales revenue to matching income categories in QBO and the income shows up on profit/loss reports, but not in the sales tax return. The taxes we collected on sales are also missing from the return, although they show up in the sales tax payable accounts. All the QBO GST return shows is our input tax credits. Do sales need to go through the "Products and Services" feature in QBO in order to be tracked as sales for tax returns? If so, I don't think I can map our sales data directly from our POS, which means either daily manual entries, or I have to do the monthly sales tax returns manually. I'm hoping there is a better solution, can anyone help me?

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reporting GST with no sales

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I'm trying to mark my sales tax as filled  (created payment installment and balance is 0$) for my last quarter and i'm getting this error: You recorded an instalment payment that doesn't fit in any filing period. Delete the instalment before you prepare your return. Then create a new instalment with a sales tax filing date that falls within your sales tax filing period. (code: "INDIRECTTAX-10395") My filling period is August to October , I entered the instalment in December ...everything is already reconciled. When I try to mark it as filled I'm blocked by that error and not sure what to do. I deleted the instalment ( broke my reconcilation) to put it on a date within the filing period as the error says...but still not working.

Hi, I know that the vehicle expenses must be a percentage of the total mileage used for business.I have logged my business mileage which is about 70% of total mileage.Therefore, the expenses incurred should also be only 70% correct?  Insurance and the rest.Do I need to calculate this manually or can the system do this for me.    Or do I need to split each expense to 70% business.  If so, can I do this in batch? Thank you!

I am very new to QUickbooks Desktop Pro. I have filed and paid all remittances- just not through QB.  We are at year end and I need to show the transactions- how do I go about doing this?