View Full Version : Tax payment dates - Canadian PST
I have created incorporated business books using QB Premier 2003 and set up to pay GST and PST. The fiscal and tax start months are Sep since both years run Sep 1 - Aug 31. I began the business Jan 07. I am due to pay PST (provincial sales tax in Ontario) from Jan 1 2007 to Jun 30 2007. Yet when I run through the 'File Sales Tax' window, it shows Sep 23 2007 as the pay by date instead of Jul 23 2007 (we must pay 23 days after the tax month end).
The same seems to be happening to the GST dates.
How do I set up the system so that it calculates tax due dates of Jun 30 and then 6 monthly after this?
07-12-2007, 08:30 AM
Most versions of QB seem to offer monthly, quarterly or annually as pay periods, which doesn't work for a lot of people. On the versions I've used, you can adjust the reporting period at the top of the File Sales Tax window - there is a "Show Sales Tax Through" box and you can adjust the month-end.
Thanks. Mine does also. It handles the dollars as it should, however, the reporting period remains faulty. I guess I'm looking to start the reporting period correctly then correct the reporting period as and when I need to (since the provincial government changes this period as one's revenue changes significantly). Any tips?
07-12-2007, 02:27 PM
With every version of QB Canadian, the GST and PST reports and filing screens get worse and worse. In your situation, they are assuming that you don't NEED a starting date, because you are filing for everything since you last filed. Since there seem to be problems with how they calculate what's filed, this balance often doesn't match the account balance, so you can't report using this feature. And if you miss using it once, you can't use it again, because that's the only way your collected tax will be recorded as "filed". "Adjust sales tax" doesn't work, because there's nothing wrong with the taxes due - it's their method of reporting it that's the issue. My reports have been way off since I upgraded. In both the GST and PSt ledgers, it is possible to manually "File Invoice" - right click on the box which is used in the G/L to show a transaction is cleared. I haven't used it because I can 't figure out what QB does with this change...
There is a workaround, however, at least on QB Pro 2007. Run the PST report - Reports/Vendors/PST Liability. The date box already says "Custom" and has your period end date. However, if you go into Filters and choose Date, you have the opportunity to file an opening and closing date. You will need to use this if your File Sales Tax balance doesn't match your account balance. This should at least bring you closer.
QB Pro 2007 is the worst of all. They are completely wrong about the kind of tax that PST is: They show the tax collected and the tax paid, and then the balance between them as the balance due/receivable, as though it was the same as GST. Complete screw-up.
Aha! I see. That explains it well, thanks. Methinks I'll stick with 2003 :)
I'll do as you suggest. And here's me thinking life would get easier, silly me. I guess the tax dept just loves QB!
I appreciate your time on this.
vBulletin® v3.8.4, Copyright ©2000-2013, Jelsoft Enterprises Ltd.