Taxes

Their receipts simply say- Airline fee- Taxes and fees- Some other fees- TotalTypically taxes and fees are about 25-30% of main items.How do we know and find the exact HST paid and can be claimed as ITC?

We just realized we made an error in a sales tax period last year and want to correct the error.  I go into file/file sales tax, choose the agency, and get the popup to choose date and choose the relevant period. But while the revenue figure is correct, the rest of the numbers make no sense i.e. 'GST Collected' on sales of $10,000 shows as is $42.50.  I assume this is because the return has been filed for that period.  Is there a way to 'Unfile' a tax return and recalculate, or at least get the correct figures that are applicable to that period?

When I posted the GST paid in the GST paid on purchases of $15,000 it should have changed the final GST Summary report but it didn't budge a penny.  

In 2020, I made three of the quarterly payments in April, July, and October, and the fourth payment in January 2021 for the period ending December 31, 2020.  I then filed the GST/HST return in February 2021.  The amount filed for the period January to December 2020, based on my QB tax agency report, only included the amount for the total instalments made in April, July, and October, and the January amount was not included—therefore a final balance was owing (the fourth installment amount plus the year-end remainder), which was paid in full upon filing (QB created a bill for this final amount).  After CRA’s assessment, they refunded an amount that was equal to the fourth installment via direct deposit.  The deposit to the bank account had to be reflect in QB, so I used a journal entry to record the bank transaction (Debit bank account and Credit Accounts Payable).  Once the journal entry was recorded and the bank transaction reconciled, the Accounts Payable now

When I go to Taxes summary report it only has my Expense side

For example, we want to separate the Receiver General (Vendor) for different types of taxes.Receiver General - Sales TaxReceiver General - Payroll LiabilitiesReceiver General - Income TaxAre there implications to this?

No text available

Hi! So I saw our external accountants reconciling transactions which are not accurate. For example, the invoice only has GST on it but in QBO, this specific transaction has both GST and PST on it. And it was already reconciled. How can this affect the reconciliation and also the tax filing if I change the transaction to having the correct taxes?

Hi We are running an E-commerce store that sells across different sales channels, such as Amazon US, Amazon CA, Amazon New Mexico, and Shopify. Is there an app other than A2X and Shopify Connector by Intuit that we can use to integrate our sales data, specifically the different tax categories (should mention whether the tax charged is HST/GST/QST/PST, etc.) for each sale, into Quickbooks online? Any help would be appreciated. Thanks.

The online lotto sales is daily and commission is given weekly. How to reconcile with daily bank feed.

How to correct posting GST refund to incorrect period?

Need to know how to reverse and not have the sales tax option on Quickbooks online.

No text available

I filed GST (can see entry in GST/HST payable. I paid GST (credit in the Bank,  where is the debit side)

Details in the question. I'm quite new to qbo so apologies if this is a very obvious question.

Help with bills tax rate?

I have to post a general journal entry - and break out the hst included in the price.  Fuel 86.96 (D)HST 13.04(D)Owners Draw 100.00 (C)But when I post it, I don't see it in the HST collected report.  I can't do it in the Enter a bill section, as the payment method is owners draw  - I am just filling in for the bookkeeper who is sick, and I was instructed not to change anything. ie adding another payment method) 

No text available

I checked each transaction and I find out that GST/HST Summery report is not taking beginning balance and one manual journal for recognized revenue How can I adjust this?

I would like to prepare a NIL return in QBO but have a balance of ITC's.  I am planning on holding these ITC's until the next filing period when I have GST collected that I can report as well.  Since CRA says I do not have to claim ITC's in the period for which they were paid, I would rather hold them and not claim a refund for the period.  How can I prepare the return in QBO to reflect a NIL filing but still have the ITC's show up when I prepare the next return?

When we're sending data through api, we're getting following error response.Business Validation Error: Make sure all your transactions have a GST/HST rate before you save.A business validation error has occurred while processing your request. Please help us to resolve this issue.

Why are the Tax Rate Codes no longer in alphabetical order in QBO? When I add a new customer and need to assign them a tax rate code or need to change a customer's tax rate code I have to scroll the entire list of tax rate codes. They use to be in alphabetical order.

Is corporation tax paid by a corporation an deductible expense? or debit the retain earning? Pls reply to [email address removed] Thanks. 

No text available

I live in BC and when entering my receipts it doesn't account for the 2 kinds of taxes broken Down