Taxes

No text available

Hi,  I use the Square app to sync my transactions to Quickbooks. Yesterday I had to add a new Tax code to Quickbooks because of an out of province whole sale order.  The Square sync is now giving me an error in the log file: "Could not create the invoice in QuickBooks Online. Error: We encountered an error when creating an invoice in QuickBooks Online: Error: 400 Invalid Reference Id Invalid Reference Id : TaxRate" I assume it's maybe related to adding a new tax code?I've also checked the "defaults section" in the app "Integration Options and Logs" and set the default Tax there to HST ON and did a manual import but still the same error message. Anybody else have this problem? Or know how to fix it?  Thanks a lot!Bram 

No text available

No text available

The CRA neither asks for nor refunds amounts that are less than a dollar. Example: The CRA owes me a tax refund $1,000.16. They send me a cheque for $1,000.00. So now my receivables account have a leftover value of $0.16.I know it doesn't sound like much but it drives me crazy that the account doesn't balance at $0. Is there any way for me to get rid of the $0.16? More background:1. The refund was a implemented as a G/L year-end entry (as opposed to a bill).2. The refund occurred in a prior taxation year.  

On my purchase order, some items are charged both GST and PST, but some only charged GST. How can I set the purchase tax to record this?

Ok - (BC) PST is a beast (man do I wish we had kept HST) - but I don't think quickbooks is doing it right. (these examples assume the QB user is both PST and GST registered) Example 1:  I buy something for $100 with my PST Number so I only pay 5% GST - Mark as billable to a customer.   Now when I bill to my customer the item comes up as $100 with GST only.   The Item's tax code should determine the taxes at time of sale (not the taxes at time of purchase).  ALL items sold by someone who is PST registered, are required to be sold with PST (only a few services are PST exempt).   It would be better to have PST charged as default on everything.  With the current  QB method PST is manual, and forgetting to charge it puts the lability on the business. (BC gov could come back and make you pay it all).(This example also applies to things you buy from US or int - in that case we pay no tax, but need to charge both) Example 2 - I b

All of our sales are taxable.  When I run the sales tax liability report the tax amount due is correct but the report shows amounts under non-taxable when they should all show as taxable.  Does anyone know why this might be happening and how to fix it?

No text available

No text available

No text available

No text available

No text available

No text available

I missed several quarters but QB's doesn't seem to allow me to make these entries. It tells me I've already filed them even though they're not listed in the filed section. Thanks in advance.

I prepared my books for my one person corporation in Quickbooks Desktop. I proceeded to fill in the tax forms. When I finished it shows that I owesome taxes. When I come back to my books and post this tax as an expense, it changes all the numbers and it changes my P&L and balance sheet. If iftake those numbers again and try to put them in the tax form, this would become a cycle. How do I avoid this. In particular, if I show the tax I oweas a liability or accounts payable, which account should it be debited against? An expense account, an Asset, Owner's equity, Retained earnings?Which one? I am confused and need help. Thanks.

2 numbers for HST/GST in one company

No text available

Hi there, I have a couple questions regarding a GST instalment for annual filing.   My GST annual return for 2019 was normally due in March 2020 this year.  With the Covid-19 CRA allowed companies to defer their GST payment owing.  I did make an installment in April of this year and the balance owing was paid end of June.  I booked the Aprilinstallment as mentioned from prior assistance in this forum . However, because the installment was after YR end it doesn't pull into the Sales Tax Return to file on line 110 for my  annual return for Jan 1.2019-Dec 31.2019. Do I have to do a Sales Tax Adjustment and if so when the screen pops up for the following:Adjustment - date is for Dec 31.2019 (which is the correct yr)  -Tax Agency > Receiver General Sales Tax Item - GST InstalmentsTax Line -Line 110 Instalment and other annual filer payments Sales Tax Account > ITC PayableAdjustment Account > Do I leave it as this account (says what accou

No text available

Hello.  Need some help with an end of year HST file for 2019.  My accountant had already made a journal entry to account for end of fiscal HST amount owing in 2019.  I in turn made the payment journal entry in 2020 (credit bank account, debit HST payable.  I thought that this journal entry would have cleared out my HST account, but I noticed that the amount was still showing.  I then went into the Manage Sales Tax to clear this out, but I now have the matching amount under the "Pay Bills Section".  This was already paid in March 2020.  Any information on how to either remove the amount owing, or to completely reverse the Tax File/Payment function I used under "Manage Sales Tax"?  Thank You!

No text available

Is there a way to make sure that the city /county sales tax rates are always up-to-date in QB? Rate changes in CA get published throughout the year and I want to see if there is maybe an add-on that we can use to make sure these updates happen without us having to look up and change the information.  Thanks.

No text available

No text available