• GST - Food & Beverage

    (One would think that after 31 years of GST this would be simple....) Background: we have ALWAYS manually adjusted - either in Excel reports (VISA or expense reports) the GST on F&B items such that both GST ITC (at 50%) and expenses are properly reported…
  • JE for GST Self Assessed

    How do I record the journal entry for self assessed GST. I know the GST collected is a debit, GST paid on purchases and payment from my bank a credit. But how do I JE the amount that we paid to Revenue Canada for the GST self assessed on items? Any guidance…
  • How to record GST/QST difference payback?

    Our previous accountant used sage tax report for GST/QST remittance, so there is always a balance in the beginning of period. When I reported for Jul-Sep/2020, I cleared all the beginning balance, which included GST/QST to pay amount for period of Jul…
  • How to record this payment to pay back GST/QST

    We had a purchase invoice processed and got GST/QST refund. But later on, the auditor found billing info was wrong, and asked us to pay back GST/QST, how to record this payment? This invoice billing info write our another company, so I did a sale invoice…
  • File GST quarterly, do I also need to file annually?

    I have always filed GST annually but this past year switched to quarterly which I have done (using Sage for my reports). This might be a stupid question but if I file quarterly, do I also need to file annually? Or does one replace the other? Thanks
  • Setting Up Tax codes in Pro 2019

    When setting up tax codes in Sage 50 Pro 2019 It will not add the PST. But we successfully set up the GST. Why can we set up one, but not the other? It just blanks out the entry without providing any error message. Thank you.
  • Customizing an estimate

    I'm attempting to create a customized cost estimate form in Sage50 Premium Accounting. It is going fine except I don't want to show GST in my cost estimates. Is there anyway to remove this from my estimate? It doesnt show up as a field in the customize…
  • GST Remittance

    I have been doing some googling and it seems everybody has a different way of doing their GST remittance but I have been advised against doing it through Sage online filing. My question is which report should I use to make it accurate? I was using…
  • GST Tax Summary.

    When I print off GST Tax Summary and then check these figures against the Income Statement (minus everything that needs to come off), the CRA Submission $ is different. Does anyone know why this would be?
  • adding gst to prices

    I recently had an issue with my program (I will address this in a different question!) and I had to restore from a backup. Before I restored the gst was being added on my invoices, however now it is not. I went into customers and made sure they all still…
  • GST

    I have been using Sage 50 for a year...prior to that it was Simply and before that...Bedford... I cannot get my GST added to work in my vendor invoices. I have chosen a tax code of 'G' and a rate of 5% (Alberta vendors only). In Simply...when I chose…
  • GST will not populate on Sales Invoice

    I'm situated in BC but I have an Alberta client so I do not charge them PST. I cannot get GST to populate onto my sales invoice. I went into settings, made a new tax code called "G" and put the rate of 5% in. I checked off it is not exempt and it is refundable…
  • GST posting troubleshooting

    I just noticed that GST is not posting correctly for 1 of the companies I have set up. If I pull up the All Journal Entries report, the transactions do not show the tax. If I recall the transaction, the tax is showing in the purchase journal screen…
  • Client Charged GST Before He Was GST Registered

    I have a new client that is way, way behind in everything. In fact, no bookkeeping has been done and no CRA filings have been done. He started charging GST on his invoices from day one, but did not register for GST until several months later. What happens…
  • GST Refund Adjustment

    Hi all, Can anybody tell me the best way to record a GST Refund that has been audited and had ITCs denied by the CRA? When I file my return I move the rebate/amount owing to a clearing account. Normally, the 'GST Clearing' account would be emptied…
  • GST one day but not the next!

    We charge our customers 5% GST, for a few days now, I haven't been able to enter "G" for a tax code when entering an invoice. The only code to choose is "no tax". I've been through the setup> settings> company> sales taxes..... taxes & tax codes appear…
  • Tax Summary Print Out for GST

    Does anyone have any idea why, when I print the Tax Summary for GST that there would only be purchase information appearing and no sales information? Any help would be appreciated. Thanks! Elaine
  • RE: Change GST refund calculation

    Hi Kreative, Written below is a KB article of how to setup sales taxes and tax codes for a non-profit organization. You may want to have a look at it How to setup Sales Taxes and Tax Codes for a non-profit organization (including Quebec) - KB11100…