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Posted by Arno Martens on October 10, 2006, 8:51 am
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You are very welcome, John.
Arno
On Tue, 10 Oct 2006 06:08:30 GMT, "John Pippy" wrote:
>Arno, I would like to thank you for your help it was greatly appreciated.
>
>> 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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