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Hello,
These replies from the "QB Team" members are completely out of line. How many decades have GST/HST/PST been in place, 3 or 4?
And 'the Team' keeps replying that PST paid is not deductible, and then when a user finally sends them the link to the PST (BC) rules, then it is a long stream about work-arounds. Really??
It is extremely simple. If the 'purchase' of goods/services are purchased against a COS (COGS) account then that PST paid is refundable (i.e. it is Deducted from PST owed on Sales). Again, how many decades has this been in place.
There is no work-around required...what is required is that QB Online reflect the sales tax environment for the Canadian market for the past decades. Unbelievable!
Add to this as a QBO Plus user to get multi-currency & inventory this spring has kicked off with a 50% increase in my monthly subscription from $40/mo to $60/mo, yet decades later the "Team" doesn't understand the difference between PST paid on Expenses versus PST paid on COS (which is a credit to PST owed on Sales).
This has to be fixed asap, or we should all begin to invoice QBO for our lost PST credits on COS purchases.
This gap is completely frightening.