Taxes

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In my GST/HST Payable account, I see a 2021-12-31 balance of -101.96 But when I go to the Sales Tax page and go to file, it says I owe 715.76 for the same period end. I believe this problem may have started several years ago when I switched from QB Desktop. How is it possible for these balances to not match? Does this happen when I post directly to the GST/HST Payable account, such as when paying import duty/tax to a customs broker? If so, how do I ensure these amounts are incorporated? And how can I post a single adjusting transaction to make the report match the account balance?

Tax rate - Canada 13% HST.I have used Wave Accounting, In which you could manually Override tax calculated on a single expense transaction and enter the amount paid. **Not looking for Sales tax adjustments from Tax tab** Or "How to Manually add Tax rate". Please understand the question. Eg. Utility Bill Amount is $1081.69 (Is Discounted Rate).Actual HST Paid is $148.18(Calculated Bases on Original Price). Many Organizations charges 13% HST on before discount amount.  - So if I Select HST Applicable for the transaction then the HST calculated in quickbooks bases on 1081.69 will be 122.44. I need to enter 148.18 HST amount for that transactionHow do I adjust this. And every month I have Multiple transactions are like this.?

I sell my product at TheBay.com. I have to remit the GST they collect on my behalf. When my statement comes, the GST amount does not always match the price x GST ($119+15.47 (ON GST 13%). It will sometimes be like: $119 + $12.38 ON GST, which isn't 13%. Here is the explanation: "When a customer spends a certain dollar threshold they will get money off their total basket (E.g: $20 off $100, $50 off $200, or $100 off $350)You do not need to make any pricing offer adjustments in Mirakl for this promotion as Hudson's Bay will be covering the cost of the discount to the customer ($20, $50, or $100). However, please note that you will be responsible to cover the difference in tax from the purchase.  For example:Your item - $150Another item - $50Sale is $200 so customer gets a $50 discountYour item - $125 (ON tax - $16.25)Another item - $25 (ON tax - $3.25)TOTAL CUSTOMER PAYS - $150 + $19.50 tax I do not see the discount or

I switched from Wave to Quickbooks and my first pay period in QB runs from Dec 23 - Jan 5 with pay due on Jan 6. QB does not have my employees hours worked for the period prior to Dec 23 and so it is not calculating the additional stat holiday pay.  How can I add this to their pay? Thanks for your help!

Their receipts simply say- Airline fee- Taxes and fees- Some other fees- TotalTypically taxes and fees are about 25-30% of main items.How do we know and find the exact HST paid and can be claimed as ITC?

We just realized we made an error in a sales tax period last year and want to correct the error.  I go into file/file sales tax, choose the agency, and get the popup to choose date and choose the relevant period. But while the revenue figure is correct, the rest of the numbers make no sense i.e. 'GST Collected' on sales of $10,000 shows as is $42.50.  I assume this is because the return has been filed for that period.  Is there a way to 'Unfile' a tax return and recalculate, or at least get the correct figures that are applicable to that period?

When I posted the GST paid in the GST paid on purchases of $15,000 it should have changed the final GST Summary report but it didn't budge a penny.  

In 2020, I made three of the quarterly payments in April, July, and October, and the fourth payment in January 2021 for the period ending December 31, 2020.  I then filed the GST/HST return in February 2021.  The amount filed for the period January to December 2020, based on my QB tax agency report, only included the amount for the total instalments made in April, July, and October, and the January amount was not included—therefore a final balance was owing (the fourth installment amount plus the year-end remainder), which was paid in full upon filing (QB created a bill for this final amount).  After CRA’s assessment, they refunded an amount that was equal to the fourth installment via direct deposit.  The deposit to the bank account had to be reflect in QB, so I used a journal entry to record the bank transaction (Debit bank account and Credit Accounts Payable).  Once the journal entry was recorded and the bank transaction reconciled, the Accounts Payable now

When I go to Taxes summary report it only has my Expense side

For example, we want to separate the Receiver General (Vendor) for different types of taxes.Receiver General - Sales TaxReceiver General - Payroll LiabilitiesReceiver General - Income TaxAre there implications to this?

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Hi! So I saw our external accountants reconciling transactions which are not accurate. For example, the invoice only has GST on it but in QBO, this specific transaction has both GST and PST on it. And it was already reconciled. How can this affect the reconciliation and also the tax filing if I change the transaction to having the correct taxes?

Hi We are running an E-commerce store that sells across different sales channels, such as Amazon US, Amazon CA, Amazon New Mexico, and Shopify. Is there an app other than A2X and Shopify Connector by Intuit that we can use to integrate our sales data, specifically the different tax categories (should mention whether the tax charged is HST/GST/QST/PST, etc.) for each sale, into Quickbooks online? Any help would be appreciated. Thanks.

The online lotto sales is daily and commission is given weekly. How to reconcile with daily bank feed.

How to correct posting GST refund to incorrect period?

Need to know how to reverse and not have the sales tax option on Quickbooks online.

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I filed GST (can see entry in GST/HST payable. I paid GST (credit in the Bank,  where is the debit side)

Details in the question. I'm quite new to qbo so apologies if this is a very obvious question.

Help with bills tax rate?

I have to post a general journal entry - and break out the hst included in the price.  Fuel 86.96 (D)HST 13.04(D)Owners Draw 100.00 (C)But when I post it, I don't see it in the HST collected report.  I can't do it in the Enter a bill section, as the payment method is owners draw  - I am just filling in for the bookkeeper who is sick, and I was instructed not to change anything. ie adding another payment method) 

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I checked each transaction and I find out that GST/HST Summery report is not taking beginning balance and one manual journal for recognized revenue How can I adjust this?