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I wish to create two GST accounts. One for tracking the GST collected on sales and one for tracking the GST paid. This is to make it easier to report to CRA

 
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QuickBooks Team

Re: I wish to create two GST accounts. One for tracking the GST collected on sales and one for tr...

Hello Elaine,

 

It's a great idea to stay on top of your sales taxes. The good news is, QuickBooks Online automatically tracks the taxes on sales and purchases so you can file your returns accurately when the time comes. If you wish to add a custom sales tax rate for an existing sales tax agency, you can do so in a few easy steps.

 

Here's how to add a custom sales tax rate for an existing sales tax agency:

  1. Select Taxes from the left menu
  2. Select the Sales Tax tab
  3. Select Manage sales tax
  4. Locate the sales tax agency you wish to add the new rate for
  5. Select Add rate
  6. Type the Tax name
  7. Select if you collect this tax on sales or you pay it on purchases
  8. Select Add

Check this community article to know more about how to set up a new sales tax code.

 

Let me know if you have any other questions.