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NavCopy
Level 1

Entering GST/HST on Imported Goods from FedEx Bill

Quickbooks Desktop

 

Q1 - FedEx customs/duty bill only has HST, why do people recommend entering 0.01 to Custom/Duties (expense account) then another -0.01 to Custom/Duties before entering the tax in the HST field.  Would it not be the same if 0 is entered to Custom/Duties?

 

Q2 - And as FedEx is charging the taxes, not the supplier, should the original supplier PO still record the appropriate GST/HST rate?

 

Thanks,

Nav

1 Comment 1
Trish_T
QuickBooks Team

Entering GST/HST on Imported Goods from FedEx Bill

Hello NavCopy,

 

Welcome to Community!  QuickBooks Desktop enables you to record sales tax paid on imported goods, as you've noted.  However, for additional assistance, I recommend speaking with an accounting professional. They will be able to provide their expertise and best course of action. If you don't have an accountant, we can help you locate a ProAdvisor in your local area. 

 

Feel free to reach back out with any other questions. We would be happy to assist!

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