How do I generate a HST quarterly report for filing.
Good to hear from you again. QuickBooks Self-Employed makes it easy to generate tax reports. Don't worry, I'll show you how you can generate one on your end. Before you start, it's important to make sure you've set up sales tax on your account. If not, here are the steps:
1. Tap the gear icon.
2. Select Your work info.
3. Tap Sales Tax.
4. Toggle Apply sales tax if you wish to apply sales tax to transactions.
5. Select the appropriate province from the drop down menu.
If you don't offer a service and don't sell goods, select Alberta.
6. Once selected, the sales tax for that specific province will auto-populate.
7. Select how you want to charge sales tax:
8. Tap Turn On Sales Tax.
To do this, please follow the steps below:
For more information, I encourage you to check out this helpful article here. The article will give you an overview of how the sales tax works in QuickBooks Self-Employed.
And I have my sales tax set up but the HST collected is not showing up in the profit and loss statement and nor are expenses.
Thanks for letting me know, Laurie. If you look at your left navigation menu, you should see an option which says Reports. From there, you can generate a Sales Tax Summary. Give this a try and let me know if it helps. Keep in mind you'd have to enable the Sales tax option on your account before you can generate any tax related reports. Let me know if you have questions.
I can see how that can become tedious and time-consuming. I want to make sure this is straightened out for you in order to avoid any hassles. I encourage you to reach out to the Self-Employed using this link here. Let me know if you have questions.