Taxes

what do I enter for CLAIM DEPENDENTS amount of dependents or amount of money ?

We use QuickBooks Desktop Pro, and I've been having issues with the gift cards. I've seen how to create the liability account and how to handle the sale of a gift card. My problem always comes when we go to redeem the card. Every article says that you have to use a negative amount on the invoice but then every month, my sales tax reports aren't correct because of those negative numbers. I always have to play around with them. Our accountants recommended QuickBooks to us but apparently don't have anyone who actually uses it because they can't help with this. What we're doing right now is the following: Sale of Gift CardInvoice for a customer with the gift card chosen as a line item (non-taxable) and then receive payment on it. Redeem a Gift CardInvoice for a customer with the gift card again chosen as a line item (non-taxable) and put in as a negative amount. I can't seem to find a single article that will explain why this is the correct way to do it. Unless there ne

I just want to make sure that Quickbooks is including the mileage I am tracking as an HST input.

I have been on the phone (off and on) all day with Quickbooks... Not getting anywhere... When I enter my meals at regular 5% they show up when I put them at the 2.5% they do not....It is active, and set up, but obviously somethings missing HELP!!!

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Hello, I haven't collected sales taxes for some items because they weren't properly added into our POS system and I need to adjust the amount I'm owing. I'm trying to add an adjustment on my sales tax but it's asking me to which account I would like to add it into, do I add it directly into my liability account for this specific tax? (PST Payable (BC))What about commissions? Thanks!

I have some PST commission adjustments and PST tax due on sales amounts in the chequing account however they also appear in the PST payable account so I don't know which account I should be using for a journal entry to correct it.

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I have an HST Insyalment on my Balance Sheet, where did it come from? How do I get rid of it

Hello, I recently started a registered massage clinic and hire number of subcontractors at the clinic (revenue is split based on %).   Assuming we get $100 (incl. HST) for a massage session, the clinic takes $30 and RMT subcontractor will take $70 (RMT subcontractor will have their own HST account). How should i record this on quickbooks online properly? (esp to ensure I keep the right amount of HST).  Thank you.  

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When I do my Invoice for a 5-day work week and calculate HST on the Subtotal, QB gets $282.50 when it should be $282.49. They calculate by line (rounding up). Which in my estimation is incorrect.

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Hi all, Is there a way to attach a PDF to a Sales Tax installment payment?  Working within the TAXES section I can't seem to find that option. Thanks

HelloI am a bit confused.  I invoiced a customer, with in the invoice we gave them a $275 credit/refund.  The refund was tagged as HST exempt, all other items has HST on them.  The HST was calculated with this amount thus making the HST amount higher then it should have been.

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Hi, How can I make a tax that was "non-taxable" that should have been marked "taxable" and has about 1500 transactions on it already?  Thanks,

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We are a Canadian charitable organization that operates a bookstore so we have taxable sales, but not all of our revenue is taxable.

I have a two fold question that I hope someone can walk me through the steps to fix this?  First I want to say I have been a Simply Acctg/Sage gal for many years, so I am struggling a bit getting used to QB'S. I have just recently started using QB Desktop Pro 2018.  Firstly, I thought I had setup GST/ITC accounts correctly, apparently not.  Our first annual GST remittance was due in March this year and knowing better should have checked the Sales Tax Report first against the B/S, but I pulled the numbers from the B/S from Oct -Dec (when GST started) and submitted the GST remittance online banking/CRA. After looking at the Sales Tax Report where I still need to file the return in QB's I saw the first mistake. I had in error used the GST account code instead of the ITC account code on a purchase from the pull down account choices when booking the purchase, so the GST on the B/S was understated by $47.62 and the ITC understated by $47.62. The correct amo

The calculation QBO is advising to pay for WSIB does not match the calculation put into the epremium wsib website.... There is about a 300$ difference? Also can anyone confirm where I find my gross insurable earnings for the last quarter? I am pretty sure I have it but I would like to confirm as this may be my issue?

QuickBooks records HST refund receivable as HST suspense. I would rather it showed up on our balance sheet as an asset receivable. How do I make this change? It seems I can't add a current asset account either.

I filed this quarter's sales taxes only in quickbooks but noticed i miss a large invoice. Need to input invoice than file.

Since GST is calculated automatically on a transaction I don't know how to include it as GST only without being attached to a payment. Thanks for any help?

I switched from expense account to COGS for items I buy then use on job site.