seperate HST?
QuickBooks Canada : Pro 2012How to show HST to be paid as a seperate item on a purchase?
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aOHCoAu0ur4yUOacwZ5xHE
02/09/12 10:03am PST
Viewed by asker 02/10/12 9:55am PST
Viewed by asker 02/10/12 9:55am PST
3 Replies
impossible
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02/09/12 1:21pm PST
Use Enter Bills record the purchase, assigning the appropriate Tax Code to the Expense item or Account.
02/09/12 4:24pm PST
Here is my issue exactly:
Our company imports goods from the US into Canada. When we purchase that good, we pay a flat rate. Therefore there is no tax to be calculated. So when I wanted to file away these goods, thats what I was to do originally.
However when it is brought through the border the customs brokerage charges us 5% GST on the duties AND the cost we paid of the goods that was imported. they also charge us 13% HST on their services.
So essentially, I am charged tax on the goods i'm importing. But I can't add that value again so it can be calculated in the customs section because it will result in the same value twice.
Is there a way to make this work?
My work around solution is to charge the cost of the goods AND add the 5% GST on that amount, and deduct it from the customs invoice I am to enter.
02/09/12 8:54pm PST
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The solution
I am assuming you have entered a bill for the goods without tax.
When you get the bill from the customs brokerage, you enter their bill. You enter the brokerage charge to the correct expense account. Then override the amount in the HST Tax cell with the total taxes from the bill.,
