Taxes

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After converting, ended up with a liability in the account used by desktop and a negative liability in the account used by online.  When trying to merge the two through a G/L entry, I ended up with excess GST to pay.

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Hi, I would like to use the Discounts field in Quickbooks Online Canada to automatically record my merchat fees in my COGS account to streamline the accounting records. I noticed there is a way to do it in the American version. I tried setting the SaasAnt template column Apply Tax After Discount to FALSE but it didn't work. Did anyone experienced the same issue?

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We are using QB Desktop Premiere NonProfit Edition.We are a registered charity in Canada. We collect no GST, and we qualify for a 50% return of all GST paid on our expenses over a fiscal year.When I run the QB's Balance Sheet Detail report for our last fiscal year, under the section:LIABILITIES -> Current Liabilities -> Other Current Liabilities we have an amount of -17,387.14.This amount also seems to be messing with our overall Retained Earnings number.My question is 2-fold:1. How do I properly clear this -17,387.14 amount from Liabilities and Retained Earnings? (I have recorded past GST refund amounts simply as DEPOSITS but can DELETE these transactions if necessary)?2. For any new transactions, can QB's record that we paid 5% GST, but have a credit of 2.5% GST? One note:For the last several years we mistakenly had the following preference configured incorrectly:Edit -> Preferences -> Sales Tax -> Company Preferences -> Do you charge Sales Tax = YES.I have rec

If I go to my Company Profile and want to change my tax settings from "exclusive of tax" to "out of scope" will it affect any prior transactions or just any transactions from the date of the change?

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These are the instructions from the help section:"The Sales Tax Centre can show you the difference in sales tax owed for cash and accrual methods.Select Taxes.In the Sales Tax Owed table, select your method from the Accounting Basis ▼ drop-down menu to see the difference."I don't have a "Sales Tax Owed" Table, just "Filings" and "Payments."

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The combined GST/PST is listed under both tax agencies. Deactivating this rate under Revenu Quebec deactivates the same rate under the BC Ministry of Finance. Assigning this rate to expenses creates input tax GST credits within our Revenu Quebec tax summary but not within the summary for the BC Ministry of Finance. As such, the PST credits are omitted from any tax report. Quickbooks will not allow me to make the GST/HST - QST liability accounts inactive. I'm at a loss here. I really don't want to start a new QBO account.

Invoice templates

I would like to know what will happen if I post directly to the GST/HST payable account?  I am entering invoices but the invoice doesn’t specify which item is taxable and which is exempt but rather at the end of the invoice it says Tax 1. It would take a lot of time to figure out which item is taxable or not so in order to balance the invoice I post to the GST/HST payable. Is there a better way? What will happen if I keep recording like this? thank you 

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I can not for the life of me get the refund interest I received from CRA to reflect on Line 101 of the sales tax filing screen. I recorded it to an income account named "Interest Income" using the "record deposit" screen and it shows up in my profit/loss report. However, the amount does not get added in with my sales on Line 101. From what I gather, the interest received from the CRA must be declared as income so this is important to fix.

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