Taxes

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RE: How do I properly record GST/HST (quick method) and close it at the year end? Hello everyone. I tried to research for a few days with no success. So I have to ask for community/support help.I have a very small incorporated business, using QuickBooks Online for books. Cannot figure out how to properly record transactions related to the year end and GST/HST. I use ‘quick’ method for GST/HST tax calculation.  Here is the challenge. During a tax year I record income and expenses properly allocating GST/HST, it goes to ‘GSTHST Payable’ account and there is no problem with that. In example below I use numbers just to illustrate the issue, do not pay attention to actual value.    - Let’s say during a year I paid $1000 HST as part of purchases. (Credited to GST Payable)- $400 of HST paid for Capital Assets (CCA) and this amount I will use as ITC (because of quick method, so I can use as ITC only HST for such significant items)- My understanding that the rest $

Purchased products from Ontario.  I am in BC.  On the receipt,  they charged me 13% HST (ON).  My only options in my accounts are BC HST, PST or GST.  How do I enter this? I can't add taxes to each individual supplier.

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Can you breakdown the sales tax by class on a bill or invoice?

Tax installments and refunds have been entered in QB, but for the past 4 years, the corporate taxes payable were not entered. When I enter the amounts not previously recorded as 'income tax payable', it becomes a business expense and lowers net income. When I enter the amount as corporate tax payable as an adjustment, there is a double entry and the credit in the Taxes payable on the balance sheet doubles.What I want to achieve is to reduce the corporate tax payable on the balance sheet by the amounts that were payable in prior years. All taxes due have been paid. The current balance sheet assumes corporate taxes have been paid, but no taxes were due.

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I remit HST annually. The Tax Summary reports shows the HST due quarterly. I just want to see one report for the entire fiscal year. How do I change the report to annual?

I have never had an issue with this button but for this quarter's GST/HST filing the button is non-responsive.   In the past, it would have saved a .tax file to upload to CRA.  Any thoughts as to what the problem is here would be appreciated.  Using Desktop Pro 2019.

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QB makes me post it to the GST/HST expense account.  Therefore the payable amount seems to keep getting bigger despite quarterly remittances.

We followed the "Pay sales tax liabilities by instalments" help which ends up creating a cheque to be printed, however we paid by interac (direct deposit).  How do we change the payment as we don't want to enter a cheque number as we're not printing a cheque but can't change it to direct deposit or anything but a numeric value when "printing" this cheque?

I have sent off my GST Remittance voucher. How do I enter it into QBO? I have my other vouchers to enter as well and am trying to get caught up. 

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GST/HST payable account currently totals last years (2018) GST/HST amount PLUS this years  (2019) GST/HST amount

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