How do I change the setup for PST paid on purchases to be included with expense? PST is incorrectly recorded to a separate expense account.

daramiletto-gmai · ‎December 16, 2023

currently any tax codes that include provincial tax on purchases are being recorded to a separate expense account called Minister of Finance (BC) Expense. Which is incorrect. The provincial sales tax needs to be included in the expense and I can't find how to change this on the current tax codes.

JamesM4 · ‎December 18, 2023

Hi there,

Welcome to the Community. QuickBooks is designed to help you manage your accounting with ease. I'll be happy to show you how to manage the tax rate in QuickBooks.

Based on what you've described above, I editing the tax rates in QuickBooks to your liking using the steps below:

1. Go to Taxes.
2. Select Sales tax.
3. Select Manage sales tax.
4. Locate the sales tax agency you wish to work with and make the necessary adjustments.

Once you've edited/added a tax code, you can use is for your transactions so they can be recorded correctly in QuickBooks. Let me know if this info helps. I'll be on standby.

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How do I change the setup for PST paid on purchases to be included with expense? PST is incorrectly recorded to a separate expense account.

How do I change the setup for PST paid on purchases to be included with expense? PST is incorrectly recorded to a separate expense account.

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