Our business purchases a creative cloud subscription from Adobe. They charge in USD, but include GST, also in USD.
Does anyone have any experience about how to code this? Our previous bookkeeper used to simply classify the entire cost as tax exempt, but I don't think this is correct.
Are you aware of the right way to code GST on an USD invoice?
Making sure you're recording your transactions the right way is a good exercise for preventing errors in your books.
I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to help.
Making sure you're recording your transactions the right way is a good exercise for preventing errors in your books.
I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to help.
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