How do I get QB to calculate the "commission" on the PST filing? My PST filing in QB did not match eTax b/c of the discount that is rec. for filing and paying in full.

leezaclough · ‎March 11, 2019

The "commission" (discount) is received for filing and paying in full each month. It is essentially like a thank you from the government for collecting and remitting on time. Quickbooks did not calculate for the commission and therefore the amount owing was not correct. I made a manual adjustment to the return to correct this but it threw my cash out of balance as a result of offsetting the adjustment to the cash account.

How can I get QB to correctly calculate the PST return the same was at e-tax?

Anonymous · ‎March 11, 2019

We handle the 'commission' portion of our BC-PST returns by manually making a "sale tax adjustment' for the commission amount before 'filing' the return. So its not automated at all.

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Anonymous · ‎March 11, 2019

We handle the 'commission' portion of our BC-PST returns by manually making a "sale tax adjustment' for the commission amount before 'filing' the return. So its not automated at all.

leezaclough · ‎March 11, 2019

Hi Mike, thanks for your response. I had manually adjusted for this on my last return but it ended up hitting my cash twice - once in the return itself and then again as the adjustment. Have you run into this issue as well? Where are you adjusting for the commission?

Anonymous · ‎March 11, 2019

On the BC-PSt return there is a separate line item for the commission - so the sales tax adjustment (which is a special journal entry) posts DR to reduce the sales tax liability (using the specific line item for PST commission) and CR to 'other income'. There is no cash refund in our system - the amount of the remittance due is reduced.

leezaclough · ‎March 11, 2019

Thanks Mike - I'll give this a go for our next return.

Buttons123 · ‎March 11, 2019

For some reason when I record PST Commission it makes an adjustment on the following months return. Any ideas?

Anonymous · ‎March 11, 2019

The 'adjustment'entry has to made before doing the 'filing'

Anonymous · ‎March 31, 2019

The PST commission is adding to the Minister of Finance PST account and adding to the income account. It should be the other way around.

Anonymous · ‎March 31, 2019

When I filed my return it credited the PST account and Debited the commission income account instead of the other way around. Are you saying that you do not do the adjustment when us the Sales Tax report in QBO and just make a journal entry to show the amount of the commission and the correct amount paid to the Minister of Finance?

Moptop · ‎November 21, 2019

I wanted to post an update to this where I found an online video that addresses the commission on the PST reports and not filing correctly.

Check out this article:

https://mycloudbookkeeping.org/recording-pst-commission-quickbooks-online/

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How do I get QB to calculate the "commission" on the PST filing? My PST filing in QB did not match eTax b/c of the discount that is rec. for filing and paying in full.