The "commission" (discount) is received for filing and paying in full each month. It is essentially like a thank you from the government for collecting and remitting on time. Quickbooks did not calculate for the commission and therefore the amount owing was not correct. I made a manual adjustment to the return to correct this but it threw my cash out of balance as a result of offsetting the adjustment to the cash account.
How can I get QB to correctly calculate the PST return the same was at e-tax?
Solved! Go to Solution.
The PST commission is adding to the Minister of Finance PST account and adding to the income account. It should be the other way around.
When I filed my return it credited the PST account and Debited the commission income account instead of the other way around. Are you saying that you do not do the adjustment when us the Sales Tax report in QBO and just make a journal entry to show the amount of the commission and the correct amount paid to the Minister of Finance?
I wanted to post an update to this where I found an online video that addresses the commission on the PST reports and not filing correctly.
Check out this article: