you indicated to sage that the gst amount is 3.10

and you selected G as the tax code - sage knows the rate is .05 so

x*.05 = 3.10

x=3.10/.05 = 62.00

you could be using 'pay expenses' to record this (instead of a GJE) - in Alberta we have just GST, but we can create a tax code Gi (gst included) - I type in 68.08 as the amount and Gi as the code => sage automatically calculates the expense amount and the gst amount

I'm assuming that it's possible to set up a GPi (gst and pst included) tax code

Would it just make more sense to make a "pst paid on purchases" account and track the pst even though I don't charge it out at all?

If the tax codes are set up properly then when you enter the amount of the purchase as 62.00 the GST will show as 3.10 because it is 5% of the purchase price. The provincial tax will be calculated at 4.8% or $2.98 and it will be added to the 62.00 to be expensed. I am assuming from your entry (screen shot) that the provincial sales tax is non-refundable and it is 4.8%. If any of these numbers are not correct then the tax codes need to be adjusted appropriately.

Create account for pst paid on purchases and pst charged on sales

Setup -> Settings -> Company -> sales taxes -> taxes

Tax PST

Tax id PST

Exempt no

Taxable no

Account to track tax paid on purchases

Account to track tax paid on sales

Report yes

Setup -> Settings -> Company -> sales taxes -> tax codes

Code Pi

Description GST @5%; PST @4.8%, non refundable, included

Use in all journals

Tax code details – 2 lines

1)

Tax GST

Status taxable

Rate 5

Included in price yes

Is refundable yes

2)

Tax PST

Status taxable

Rate 4.8

Included in price yes

Is refundable no

Pay vendor expense of 68.08, using 'pay expense' will result in this entry

Account Number     Account Description         Debits         Credits

2315               GST/HST Paid on Purchases     3.10               -

5730               Motor Vehicle Expenses       64.98               -

1060               Chequing Bank Account             -           68.08

Create sales invoice for $100.00 will generate this entry   

Account Number  Account Description      Debits         Credits

1200             Accounts Receivable       100.00               -

2310             GST/HST Charged on Sales      -           4.55

2340             PST Charged on Sales           -           4.37

4100             Consulting Revenue            -           91.08

um.. I pasted 2 images in rich text mode - and it displayed my post as I wanted

but after posting, I don't see the images - so I'm inserting media

left is pay expenses, right is sales invoice

I have to thank you, this is all really helping!  My business just incorporated Sept. 3.  I have about a months worth of gas receipts and vehicle expenses while we shopped around for the Semi we eventually bought.  I was told I could claim those expenses.  This was the reason I was doing it in the Journal so that I could write a note of what it was and the original date.  The only issue I am having now is the expenses are from our personal vehicle, not a company vehicle.  So do I use Vehicle expense, or travel and entertainment....or should there be a new account?  Can I add them all up and enter it as one transaction?  Then enter things normally after that?

I have to thank you, this is all really helping!  My business just incorporated Sept. 3.  I have about a months worth of gas receipts and vehicle expenses while we shopped around for the Semi we eventually bought.  I was told I could claim those expenses.  This was the reason I was doing it in the Journal so that I could write a note of what it was and the original date.  The only issue I am having now is the expenses are from our personal vehicle, not a company vehicle.  So do I use Vehicle expense, or travel and entertainment....or should there be a new account?  Can I add them all up and enter it as one transaction?  Then enter things normally after that?

you should already have an account called

 '2640 loans from owner' (or from shareholders)

create a vendor called 'personal expenses'

  on the 'options' tab, set the expense account to '2640 loans from owner' (or from shareholders)

use 'pay expenses'

  by cash

  pay to the order of 'personal expenses'

  change the date to when the expense occurred

  first line will automatically be 2640 loan from owners (from vendor setup)

     amount = expense amount as a negative, say -100$

  second line

     account = 5730 vehicle expense

     amount = 100

     tx = Pi

  you can use the 'comment' at the bottom to record what the expense was

  the total amount of the invoice is 0.00 (no money is coming out of the bank)

  the entry created when you post will be

  db 4.55 gst paid on purchases

  db  95.45 motor vehicle expense

  cr     100.00  loans from owners  

when you want to reimburse yourself for these personal expenses

use 'pay expenses'

 by cash or cheque

 pay to the order of 'personal expenses'

 from 1060 chequing account

 change the date to when you are paying back the expenses

 first line will automatically be 2640 loan from owners (from vendor setup)

    amount = total amount owed that you are paying back, say 500$

  when you post, sage will

  db  500.00   loans from owners  

  cr   500.00   bank