wascallywabbit
10-05-2010, 01:13 PM
I'm a novice using QB Premiere for my business bookkeeping.
I previously made all my invoices in MS Word and emailed them outside QB to my clients. Every quarter, my accountant entered the summary information in QB using the "create invoices" screen. She recorded the GST/HST collected as a separate line on the screen, linking it directly to "GST/HST collected on sales". All the GST/HST collected from the invoices she created this year shows up in that account.
I have taken over entering all the data to QB, and at my accountant's suggestion, I created a custom invoice template in QB. It correctly calculates the cost of services to clients and adds GST/HST to a summary field in the invoice itself.
However, I can't find an account within QB to which the GST collected on sales is accumulating. It isn't in the "GST/HST collected on sales", and I can't find any other account to which this money is accumulating.
Have I missed a step in creating these custom invoices? Is there something I must do to link the "GST/HST" calculated by QB on my custom invoices to the "GST/HST collected on sales" account in QB?
I previously made all my invoices in MS Word and emailed them outside QB to my clients. Every quarter, my accountant entered the summary information in QB using the "create invoices" screen. She recorded the GST/HST collected as a separate line on the screen, linking it directly to "GST/HST collected on sales". All the GST/HST collected from the invoices she created this year shows up in that account.
I have taken over entering all the data to QB, and at my accountant's suggestion, I created a custom invoice template in QB. It correctly calculates the cost of services to clients and adds GST/HST to a summary field in the invoice itself.
However, I can't find an account within QB to which the GST collected on sales is accumulating. It isn't in the "GST/HST collected on sales", and I can't find any other account to which this money is accumulating.
Have I missed a step in creating these custom invoices? Is there something I must do to link the "GST/HST" calculated by QB on my custom invoices to the "GST/HST collected on sales" account in QB?