Taxes

Why do my employee payroll cheques shw HST when matching in bank?

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We created a GST receivable account to have GST on purchases coded to this account - we are attempting to keep only GST on sales coded to GST payable, which will help us reconcile and file GST easier. I went to the Item List to change the account on the GST on purchases items but I can't edit any Sales Tax Items to change the path from the payable account.  Can someone tell me how I can achieve this?I want to only impact any purchases made going forward (and will need to change anything entered this year already for January but do not want to apply it historically). Thank you. 

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I am filing an annual HST return. There is no option to add the installment pymts (as an adj or otherwise) before 'filing'.  How do I move them from the installment acct to the filed return?  I can only think of moving to cash and applying a cash pymt to offset.

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I tried following the instructions on how to set this up but I can't see the MTD item on the Taxes Page and Advanced Page. Can you assist me with this?

How would you book retail lotto sales in QBO? Enter the daily sales and then handle the bank withdrawal feed.-Lotto is sold for cash.-Retailer commission is removed-Lotto withdraws the amount from the bank accountNote: sometimes the payouts of winning tickets is more than the sales so Lotto deposits funds to the bank account.Any suggestions on the proper workflow setup?

I noticed that there is no tax shown on an invoice I created.  I haven't been able to locate where to edit that and an explanation of the difference between "out of scope of tax", "exclusive of tax" and "inclusive of tax".

My company started to use QuickBooks desktop premier recently, the fiscal year of my company is on Dec 31, therefore, it is a good idea to change the accounting system to QuickBooks. We sale service to our clients, therefore, we charge HST to our clients on invoice. at the same time, the vendors will charge me HST. Right now, I have questions on setting up the opening balance of my clients and vendors, how do I deal with unpaid invoices from clients and vendors with HST from last year in different system? when I type the amount in the opening balance, it does not ask me the HST amount. How do I reflect the amount of HST in opening balance of Clients and vendors? Thank you

How can I clear out the accumulating balances of HST Collected & ITCs that have resulted from several sales tax adjustments being made over the last 6 months? Scenario: Tax was not filed in QBD since June 2022. When I went back to file the taxes, I saw the generated amounts were different from what was actually filed with the CRA so sales tax adjustments were made. This happened in each month following. And each month, the adjustments needed to match the actual filing with CRA were larger and larger. Now, I am trying to file the sales tax for December in QBD but the amounts on lines 103 and 106 are grossly inaccurate. Example: The actual HST collected for the month of December is approximately 62,000 but the tax agency report is showing HST collected to be 1.2 million (which is the cumulative balance of adjustments over the last 6 months).  If there is anyone who has fixed this problem before, your help now would be greatly appreciated!! Please and thank yo

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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?