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hbpierce
Level 2

Why is the amount of my taxes on Sales, differ from the amount I pay to Canada Revenue Agency?

 
2 Comments
Lourdes-Fernandez
Community Champion

Why is the amount of my taxes on Sales, differ from the amount I pay to Canada Revenue Agency?

Good morning hbpierce,

This is a really great question as ensuring your taxes are correct and paid are super important. Although I won't be to answer 100% without seeing first hand your company file, if you feel there are some discrepancies happening with your filings, I have some information that might help you get through it.

How to use reports to troubleshoot problems with sales tax amounts
https://quickbooks.intuit.com/learn-support/en-ca/taxes/how-to-use-reports-to-troubleshoot-problems-...

It would also be a great idea to sit with a ProAdvisor or Accountant to do quick small review to ensure everything is being recorded as it should inside your Company File. When it comes to your recording of your taxes, Tax Filings, and payments we defiantly want to make sure we are on track.

https://quickbooks.intuit.com/find-an-accountant/

I hope you have an awesome rest of your Sunday!

Kindest Regards,
Lourdes Fernandez
LauraAB
QuickBooks Team

Why is the amount of my taxes on Sales, differ from the amount I pay to Canada Revenue Agency?

Hello again hbpierce,

 

I know how important it is to make sure that the numbers you're filing with the government match your books. QuickBooks Online is designed to keep things simple by making the calculations for you once you've set up sales tax, then you can go through the in-product process to log your sales tax filings to see the calculations for your submissions to the government outside of the program.

 

What Lourdes mentions about working with an accountant or QuickBooks ProAdvisor is the perfect way to approach this. Accountants have the training to see where discrepancies might be coming from, although you're also welcome to try the steps in the article she shared about using reports to find these discrepancies as well.

 

If you would like to work with an accountant or already have one you're working with, the My Accountant tab can facilitate adding them as a user to your books so they can have the access and tools to see and work with your file. The Find a pro to help button in that section takes you to the same database that Lourdes linked above for our Find an accountant website, so feel free to go with whichever option works better for you if you'd like to find an accountant to work with that also knows QuickBooks Online.

 

Wishing you the best with this!