Re: I wish to create two GST accounts. One for tracking the GST collected on sales and one for tr...
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:
Select Taxes from the left menu
Select the Sales Tax tab
Select Manage sales tax
Locate the sales tax agency you wish to add the new rate for
Select Add rate
Type the Tax name
Select if you collect this tax on sales or you pay it on purchases