Taxes

Anyone know how to report the sale of gold and silver coins in a final T1 for a deceased taxpayer?Thanks.

how do I change my sales going to a cash account instead of a bank account

Newbie here, I purchase parts from various suppliers, when I do I pay sales tax on what I purchase for items bought within Canada. I mostly purchase and pay for the items using my credit card and I do get receipts which I can see the taxes paid. What is the best way to input the invoice from my supplier into Quickbooks so I can reconcile it with the credit card purchase? As well I understand that the taxes I paid I get back, where is that captured? I am slowly getting the basics however its a struggle so any help is appreciated.

I am VERY new to Quickbooks online so please bear with me. My sole ownership small  business is the province of Quebec, I sell my products in Quebec and other provinces. I have my clients setup with their full info and addresses. When I create an invoice, add the client from another province, I would expect that the system would recognize that province and adjust the sales tax for the province that my client is located in and apply it, but it does not and I cannot choose the tax rate for that province as this is what I understand is supposed to be done. What am I doing wrong? Any help would be appreciated.

what do I enter for CLAIM DEPENDENTS amount of dependents or amount of money ?

We use QuickBooks Desktop Pro, and I've been having issues with the gift cards. I've seen how to create the liability account and how to handle the sale of a gift card. My problem always comes when we go to redeem the card. Every article says that you have to use a negative amount on the invoice but then every month, my sales tax reports aren't correct because of those negative numbers. I always have to play around with them. Our accountants recommended QuickBooks to us but apparently don't have anyone who actually uses it because they can't help with this. What we're doing right now is the following: Sale of Gift CardInvoice for a customer with the gift card chosen as a line item (non-taxable) and then receive payment on it. Redeem a Gift CardInvoice for a customer with the gift card again chosen as a line item (non-taxable) and put in as a negative amount. I can't seem to find a single article that will explain why this is the correct way to do it. Unless there ne

I just want to make sure that Quickbooks is including the mileage I am tracking as an HST input.

I have been on the phone (off and on) all day with Quickbooks... Not getting anywhere... When I enter my meals at regular 5% they show up when I put them at the 2.5% they do not....It is active, and set up, but obviously somethings missing HELP!!!

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Hello, I haven't collected sales taxes for some items because they weren't properly added into our POS system and I need to adjust the amount I'm owing. I'm trying to add an adjustment on my sales tax but it's asking me to which account I would like to add it into, do I add it directly into my liability account for this specific tax? (PST Payable (BC))What about commissions? Thanks!

I have some PST commission adjustments and PST tax due on sales amounts in the chequing account however they also appear in the PST payable account so I don't know which account I should be using for a journal entry to correct it.

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I have an HST Insyalment on my Balance Sheet, where did it come from? How do I get rid of it

Hello, I recently started a registered massage clinic and hire number of subcontractors at the clinic (revenue is split based on %).   Assuming we get $100 (incl. HST) for a massage session, the clinic takes $30 and RMT subcontractor will take $70 (RMT subcontractor will have their own HST account). How should i record this on quickbooks online properly? (esp to ensure I keep the right amount of HST).  Thank you.  

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When I do my Invoice for a 5-day work week and calculate HST on the Subtotal, QB gets $282.50 when it should be $282.49. They calculate by line (rounding up). Which in my estimation is incorrect.

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Hi all, Is there a way to attach a PDF to a Sales Tax installment payment?  Working within the TAXES section I can't seem to find that option. Thanks

HelloI am a bit confused.  I invoiced a customer, with in the invoice we gave them a $275 credit/refund.  The refund was tagged as HST exempt, all other items has HST on them.  The HST was calculated with this amount thus making the HST amount higher then it should have been.

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Hi, How can I make a tax that was "non-taxable" that should have been marked "taxable" and has about 1500 transactions on it already?  Thanks,

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We are a Canadian charitable organization that operates a bookstore so we have taxable sales, but not all of our revenue is taxable.

I have a two fold question that I hope someone can walk me through the steps to fix this?  First I want to say I have been a Simply Acctg/Sage gal for many years, so I am struggling a bit getting used to QB'S. I have just recently started using QB Desktop Pro 2018.  Firstly, I thought I had setup GST/ITC accounts correctly, apparently not.  Our first annual GST remittance was due in March this year and knowing better should have checked the Sales Tax Report first against the B/S, but I pulled the numbers from the B/S from Oct -Dec (when GST started) and submitted the GST remittance online banking/CRA. After looking at the Sales Tax Report where I still need to file the return in QB's I saw the first mistake. I had in error used the GST account code instead of the ITC account code on a purchase from the pull down account choices when booking the purchase, so the GST on the B/S was understated by $47.62 and the ITC understated by $47.62. The correct amo

The calculation QBO is advising to pay for WSIB does not match the calculation put into the epremium wsib website.... There is about a 300$ difference? Also can anyone confirm where I find my gross insurable earnings for the last quarter? I am pretty sure I have it but I would like to confirm as this may be my issue?