Taxes

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 Hello How do I make an unscheduled recurring journal entry automatically reverse next .Thanks 

Is this where I ask questions? I recall being able to submit a question to the community, is this the same thing? I've just switched over to QB Online from QB Desktop. I'm inputing cheques, and on QB Desktop I would enter the cheque as written and a 5% tax would be deducted off of that. For example, I put $400 and assign it to account 5040: rental equipment that has a 5% tax, and QB calculates that the amount is actually 380.95 with 19.05 tax, equalling the $400 cheque I wrote.  On QBO, when I put in the cheque, assign the account, and specify the 5% tax, it adds the tax on top of the cheque amount I wrote. So rather than say the cheque is written for $400, it says it is actually $420. How do I set it up so it deducts the tax from the cheque amount I have already written? Thanks!

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I use QB online for a company in Quebec. I want to have my invoice display the french acronyms for sales taxes (TPS/TVQ) instead of the English acronyms (GST/PST). I have tried to look at the template and that's not working. And could not update in the tax setup section.I was told early on that my issue was that the issue was that I had created the company in English at first....so I went back and started the whole process from the ground up in French settings...and still nothing. I cannot get an invoice to display sales taxes as TPS/TVQ....Any idea/suggestions?? 

I need 2 different group taxes

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Up until Mid-October we weren't charging/collecting GST because we have never sold more than $30K in revenue but we have recently passed it and we now need to apply GST to all of our past sales and expenses.Is there an easy way to do this that doesn't involve clicking on each individual transaction and adding GST to it? 

Which line we should post wage subsidy at T2 general S#125

In May I registered for a GST account with CRA as I met the threshold for the first time. I believe I can claim ITC for my existing inventory of saleable items at the time of registration. All of my inventory is wooden items I have made. Obviously I know the retail price I put on those items, but I do not know the cost of materials used to make them. If allowed, how do I claim ITC for these?

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I am new in quickbooks, doing quarterly GST return in excel and totalling all necessary amount in excel instead of entering one by one in quickbooks, just wondering if there is a way I can enter the total amounts that I have and enter them in quickbooks to get the GST return amount for CRA payments to make it more acurate  and  generating some reports like income statements.Thank 

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I hope someone can help me out here.  We are annual HST filers and send in monthly installments.  I goofed and "filed"my HST in March 2020 (which covers Oct 2019 to March 2020) in QB but just sent in what it said I owed.  So I did not file with the CRA, it just looks like another installment to them.  Now at our year end, which is Sept, I need to file and my numbers seem all wrong because of filing in March.  This may be quite simple to rectify but I'm just so flustered because the CRA called me.  My installment numbers do not match what they have.  QB closes everything from the date you file.  What reports can I run to get the accurate line items on the return - for the whole year (Oct 2019 - Sept 2020) Line 101 Sales and Revenue, Line 105 Total HST and adjustments for period, Line 108 Total ITCs etc?  Thanks for any help.

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