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Subject Author Date
GST Canadian Question John Pippy 10-08-2006
Posted by John Pippy on October 8, 2006, 3:34 am
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 Entering in a receipt from Grocery store. Total of receipt is 354.17. As
most food is not taxable the total GST is only 9.14.

I use Vendor enter bills window, type in name of vender, go to account. In
this case foods, enter in tax code G for GST. The GST then shows up as
23.17. I change this manually to 9.14 then when it is recorded the amount
due goes to 340.14.

Is there a way for me to enter in this transaction to reflect the actual GST
paid.

Thanks in advance.



Posted by Laura on October 8, 2006, 7:37 am
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> Entering in a receipt from Grocery store. Total of receipt is 354.17. As
> most food is not taxable the total GST is only 9.14.
>
> I use Vendor enter bills window, type in name of vender, go to account.
> In this case foods, enter in tax code G for GST. The GST then shows up as
> 23.17. I change this manually to 9.14 then when it is recorded the amount
> due goes to 340.14.
>
> Is there a way for me to enter in this transaction to reflect the actual
> GST paid.
>
> Thanks in advance.

It sounds like you are putting the total amount it as taxable. Split the
details into taxable and non taxable so that the GST calculates the amount
on the taxable items only.


Posted by Arno Martens on October 8, 2006, 10:17 am
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wrote:

>Entering in a receipt from Grocery store. Total of receipt is 354.17. As
>most food is not taxable the total GST is only 9.14.
>
>I use Vendor enter bills window, type in name of vender, go to account. In
>this case foods, enter in tax code G for GST. The GST then shows up as
>23.17. I change this manually to 9.14 then when it is recorded the amount
>due goes to 340.14.
>
>Is there a way for me to enter in this transaction to reflect the actual GST
>paid.
>
>Thanks in advance.
>

You have one real problem and another easy one to get the above right.

Real Problem:
Your G Tax Code should have been changed as of 2006-Jul-01 from 7% to 6%
Go to List > Tax Code List > G and change the value in the GST column.

Easy solution to your question:
Enter your Bill as usual. Use tax code G, [Tab], type in FULL amount,
type a - (minus) and the amount of the GST per your receipt, then click
[Enter].
Now go to the GST field and enter the GST amount per your receipt.
Click [Save&Close] and you are done.

http://i12.tinypic.com/30i9u2r.jpg is a sample.
Change your particulars as needed.

Suggestion for testing procedures you are not sure about.
File > Close Company.
File > Open Company.
Right click on company.qbw
Click on Copy, with the cursor in the Files field
Click Open

You have now created an exact copy of your regular file.
To avoid carrying on with the copy after a successful test, click
Company > Company information and change company name to XXXXXXXXXX or
??????????? or any such obvious non name.
If the test screws up, just close _that_ copy and delete it in the Open
Company screen and make another test copy.

After a successful experiment close this copy, open the real company and
apply what was needed.

Sounds a little involved but it can solve hours of screwed up Journal
entries to eventually correct booboos.

BTW, if you are reporting quarterly you should still be able to correct
the GST changes.
Just noted your address. Aren't you on HST down East?
--
Arno


Posted by John Pippy on October 8, 2006, 11:54 am
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Thanks Arno for your suggestion, however you lost me. Where do I type in
the - minus and the amount of GST at? Also when I do hit enter at any point
QuickBooks automatically records it. Your sample pic shows exactly what I
want to happen, would it be too much of an inconvenience to walk through it
in stages as per your instructions so that I can better understand where you
are coming from.

Thanks again,



> wrote:
>
>>Entering in a receipt from Grocery store. Total of receipt is 354.17. As
>>most food is not taxable the total GST is only 9.14.
>>
>>I use Vendor enter bills window, type in name of vender, go to account.
>>In
>>this case foods, enter in tax code G for GST. The GST then shows up as
>>23.17. I change this manually to 9.14 then when it is recorded the amount
>>due goes to 340.14.
>>
>>Is there a way for me to enter in this transaction to reflect the actual
>>GST
>>paid.
>>
>>Thanks in advance.
>>
>
> You have one real problem and another easy one to get the above right.
>
> Real Problem:
> Your G Tax Code should have been changed as of 2006-Jul-01 from 7% to 6%
> Go to List > Tax Code List > G and change the value in the GST column.
>
> Easy solution to your question:
> Enter your Bill as usual. Use tax code G, [Tab], type in FULL amount,
> type a - (minus) and the amount of the GST per your receipt, then click
> [Enter].
> Now go to the GST field and enter the GST amount per your receipt.
> Click [Save&Close] and you are done.
>
> http://i12.tinypic.com/30i9u2r.jpg is a sample.
> Change your particulars as needed.
>
> Suggestion for testing procedures you are not sure about.
> File > Close Company.
> File > Open Company.
> Right click on company.qbw
> Click on Copy, with the cursor in the Files field
> Click Open
>
> You have now created an exact copy of your regular file.
> To avoid carrying on with the copy after a successful test, click
> Company > Company information and change company name to XXXXXXXXXX or
> ??????????? or any such obvious non name.
> If the test screws up, just close _that_ copy and delete it in the Open
> Company screen and make another test copy.
>
> After a successful experiment close this copy, open the real company and
> apply what was needed.
>
> Sounds a little involved but it can solve hours of screwed up Journal
> entries to eventually correct booboos.
>
> BTW, if you are reporting quarterly you should still be able to correct
> the GST changes.
> Just noted your address. Aren't you on HST down East?
> --
> Arno
>



Posted by Arno Martens on October 8, 2006, 1:31 pm
Please log in for more thread options
TOP POSTED

I have taken this off list.
Arno

On Sun, 08 Oct 2006 15:54:53 GMT, "John Pippy"

>Thanks Arno for your suggestion, however you lost me. Where do I type in
>the - minus and the amount of GST at? Also when I do hit enter at any point
>QuickBooks automatically records it. Your sample pic shows exactly what I
>want to happen, would it be too much of an inconvenience to walk through it
>in stages as per your instructions so that I can better understand where you
>are coming from.
>
>Thanks again,
>
>
>
>> wrote:
>>
>>>Entering in a receipt from Grocery store. Total of receipt is 354.17. As
>>>most food is not taxable the total GST is only 9.14.
>>>
>>>I use Vendor enter bills window, type in name of vender, go to account.
>>>In
>>>this case foods, enter in tax code G for GST. The GST then shows up as
>>>23.17. I change this manually to 9.14 then when it is recorded the amount
>>>due goes to 340.14.
>>>
>>>Is there a way for me to enter in this transaction to reflect the actual
>>>GST
>>>paid.
>>>
>>>Thanks in advance.
>>>
>>
>> You have one real problem and another easy one to get the above right.
>>
>> Real Problem:
>> Your G Tax Code should have been changed as of 2006-Jul-01 from 7% to 6%
>> Go to List > Tax Code List > G and change the value in the GST column.
>>
>> Easy solution to your question:
>> Enter your Bill as usual. Use tax code G, [Tab], type in FULL amount,
>> type a - (minus) and the amount of the GST per your receipt, then click
>> [Enter].
>> Now go to the GST field and enter the GST amount per your receipt.
>> Click [Save&Close] and you are done.
>>
>> http://i12.tinypic.com/30i9u2r.jpg is a sample.
>> Change your particulars as needed.
>>
>> Suggestion for testing procedures you are not sure about.
>> File > Close Company.
>> File > Open Company.
>> Right click on company.qbw
>> Click on Copy, with the cursor in the Files field
>> Click Open
>>
>> You have now created an exact copy of your regular file.
>> To avoid carrying on with the copy after a successful test, click
>> Company > Company information and change company name to XXXXXXXXXX or
>> ??????????? or any such obvious non name.
>> If the test screws up, just close _that_ copy and delete it in the Open
>> Company screen and make another test copy.
>>
>> After a successful experiment close this copy, open the real company and
>> apply what was needed.
>>
>> Sounds a little involved but it can solve hours of screwed up Journal
>> entries to eventually correct booboos.
>>
>> BTW, if you are reporting quarterly you should still be able to correct
>> the GST changes.
>> Just noted your address. Aren't you on HST down East?
>> --
>> Arno
>>
>

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