I've imported sales transactions for the past 2 years. How do I separate the sales tax from the totals, without modifying each transaction individually?
Past sales transaction deposits into our bank account obviously have just the totals. We want to account for the GST without editing each transaction individually.
At this point you may have to look at doing a JE. So if your total sales was $226K, you would take out $26K from Sales and put it into HST. This is assuming all sales are subject to HST.
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How to add sales tax to multiple transactions
I've imported sales transactions for the past 2 years. How do I separate the sales tax from the totals, without modifying each transaction individually?
Why do you want to report this?
Hi there. Can you provide further clarification on what you mean by 'separate the sales tax from the totals'?
Why do you want to report this?
Past sales transaction deposits into our bank account obviously have just the totals. We want to account for the GST without editing each transaction individually.
Why do you want to report this?
Answer
At this point you may have to look at doing a JE. So if your total sales was $226K, you would take out $26K from Sales and put it into HST. This is assuming all sales are subject to HST.
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