Hi, I'm Robert and I'll be helping you with your financial software question.
If you do not want quickbooks to calculate and track the hst you are going to have to create a liablilty account for it and use that to balance the check that you write.
I do in the future but I am trying to resolve the issues from the past.
How do I resolve the cheques written to CRA to pay
HST that are showing up as unassigned ?
The simplest way to do it is create the government as a vender and issue a "tax invoice" for the full amount and then credit the checks you wrote against that tax invoice.
Ok. But when I try to post it to the HST account it tells me it will create an inaccurate tax report. Also what do I put in the tax code section "E" ?
Well it is going to tell you that it is inaccurate because it thinks you are paying too much tax as you don't show the tax on your invoices.
I really don't know what goes in the E section a I am more of a program expert than a tax expert or a cpa especially for Canada. If you want I can opt out and let one of the cpa's help you.
That did not work. It still shows up as an unassigned amount because when posting to the HST account the program will not allow a tax code to be assigned.
then you will have to do it with a ledger entry and I am going to let one of the cpa type people work on that with you.
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I still need help.
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You are right this will take awhile. I inherited this problem when I started
this job and only found out when paying the quarterly payments . I will let you know if it works for me when I am done. Thanks.
When I have resolved the issue I will be happy to do the rating .