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Alex M
QuickBooks Team
QuickBooks Team
‎December 14, 2022 10:22 AM

GST Report Line 101 showing incorrect total, how do I fix?

Hi there cmarkenz,

 

It's vital that all your transactions be entered correctly for your books to be well balanced. QuickBooks Online is a great tool able to help you keep track of tax on transactions in order to help you know the amount owed to the government. I can provide some information about tax codes.

 

The only tax code for sales that wouldn't affect the 101 line would be Out of Scope, so that would be the reason Exempt lines of sales transactions are showing up on the report. In order to have it not show up, it would need to be Out of Scope. In order to know if it should be put out of scope, I recommend reaching out to your accountant. Their accounting knowledge will be able to guide you in which way would be best to have the taxes set up in your transactions so all is well balanced. You can invite your accountant to your books so they can see the transactions by going to the My accountant tab. There's also a Find a pro to help button in this section that can help you find a local accountant that has experience with QuickBooks Online.

 

If you have any other questions, feel free to reach out here.

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cmackenz
Level 1
‎December 14, 2022 03:41 PM

GST Report Line 101 showing incorrect total, how do I fix?

The app maker says they cannot change the transfer so that the code is Out of Scope instead of Exempt...  Perhaps I could do a journal entry at end of each month, to take the amount of tips account out with Exempt and then put back with Out of Scope? I hope to try that tomorrow. Thanks.

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Alex M
QuickBooks Team
QuickBooks Team
‎December 14, 2022 05:40 PM

GST Report Line 101 showing incorrect total, how do I fix?

Hi there cmackenz,

 

That could possibly work to make sure those transactions appear correctly on the tax. Another way could be to manually adjust the transactions so that the lines have the correct tax codes.

 

I hope this helps.

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cmackenz
Level 1
‎December 14, 2022 09:30 PM

GST Report Line 101 showing incorrect total, how do I fix?

The adjusting entry seems to work.  Thanks!

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ZackE
Moderator
Moderator
‎December 15, 2022 09:06 AM

GST Report Line 101 showing incorrect total, how do I fix?

Thanks for getting back with the Community, cmackenz.

 

I'm happy to hear Alex M was able to help with your transaction adjustment.

 

You'll also be able to find many detailed resources about using QuickBooks in our help article archives.

 

Please feel welcome to post a reply here or create a new thread if there's ever any questions. The Community's always here to help. Have a wonderful day!

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