Taxes

No text available

how to

Hi,I have filed the year end HST of 2022 to Canada Revenue Agency. Then I tried to record it in QuickBooks by clicking 'Prepare Return' in the taxes section. However, quickBooks only showed me the message "These books have been closed. If you need to reopen them to record an earlier payment, enter your password.". It did not create any new journal entry, which I can reconcile with the payment I made to CRA.Moreover, in the taxes section nothing changed. It is still showing me "Prepare a return", and the 2022-year end HST is still there. The books have not been closed like they were supposed to be. Please Advise.

No text available

No text available

We have GST and PST payable and I would like to use the sales template but I get an error when I try to add the sales tax payable accounts. If I don't enter this way, the sales tax reports do not include monthly sales, so I am trying to change how I enter daily sales.

No text available

Does a Capital Dividend need to be declared on the sale of an asset or can it be declared later? Where can the portion that will be declared a dividend in the future be booked IE: SHL

No text available

I operate my consulting business out of Nova Scotia, but have clients in other tax jurisdictions. For the past eight months, I have been invoicing an Ontario client and the application has been programming the sales invoice with NS HST of 15%. The rule I understand is the point of delivery, and so the Ontario 13% should have been charged. Neither we or the client had realized the error until just now and I wish to make an adjustment to their account, crediting them for the overcharged HST and adjusting the tax payable. All examples I have seen so far do not show how to credit the client and to have the adjustment properly associated with the tax report to the Government. Any help on the correct accounts and entries would be appreciated.

line 101 on the tax return is 0.00

What category should I use for my child theraply? Please help

No text available

No text available

Hi all, I'm using Quickbooks for Canada via API, and when using the GST/QST QC combined tax (5% + 9.975%) I'm having issues on roundings. Let me give you an example.For an amount of $8.70, we have: GST @ 5% on 8.70 = $0.435QST @ 9.975% on 8.70 = $0.867825Summing all (8,70+0,435+0,867825) we have $10,002825, which should round to $10. The issue is that Quickbooks is rounding every parcel before the final sum, so:GST @ 5% on 8.70 = $0.44QST @ 9.975% on 8.70 = $0.87Summing all (8,70+0,44+0,87) we have $10,01, which is not what was expected to. I tried to follow this:Go to the Settings (gear icon) menu, then select Company Settings.Go to the Sales tab, then click the "Sales form content" section/Make sure that the "Round off final amounts for sales transactions" is ticked, then click the Save button.Go to the Expenses tab, then click the "Bills and expenses" section.Make sure that the "Round off final amounts for expense

Can I defer dividends to shareholders to next year?

How do i create a T1 return in quickbooks destop pro

The button doesn't work anymore. Do I have to upgrade my account? I don't use it that much so i would find that a little bit abusive to have to do that to continu using the system.

Hello, I am new to QBO and wanted to know how I could separate taxes on expense transactions made using my debit card. Basically, I have connected my bank account/debit card to QBO and it's pulling data in automatically now but both price and tax of an item are clumped together. So for example, in QBO it shows it uploaded a transaction I made using my debit card for $12.43 but the transaction is actually $11 + 1.43 GST/HST when I look at the vendor's invoice. I don't need to collect tax as I don't really have an income right now but shouldn't I be tracking taxes separately anyways? Or let's say I hit the threshold where I have to start collecting taxes and remitting them, how will I know how much taxes I paid like this? Any help would be greatly appreciated, thank you.

No text available

Can I add new columns and manually enter the PST and or GST when it applies for my expenses?  

No text available

How can I record all steps in payroll for RRSP in Quick Books for the 1st time?

No text available

Can I delete the filing and have the correct number entered.