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bettyhughes
Level 1

How do I categorize non-HST related advances in and out of a corporation

Everytime I categorize money going in or out of a corporation that is not a sale or expense, it still requires me to indicate that it is exempt or zero-rated from a sales or purchase perspective.  Is there any fix for this?

2 Comments 2
Trish_T
QuickBooks Team

How do I categorize non-HST related advances in and out of a corporation

Hi bettyhughes,

 

It's essential to ensure your transactions are categorized accurately,  while keeping aligned with government guidelines.  If you're not sure which category to select, for non-HST related advances for your corporation,  I recommend speaking with an accounting professional for 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 out again, if you have any other questions. We would be glad to help!

bettyhughes
Level 1

How do I categorize non-HST related advances in and out of a corporation

All I know is that the transaction has no HST component.  I need to know how to deal with these transactions in Quickbooks. 

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