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SeroBooks
Knowledgebase · 9 articles

Sales Tax

GST/HST, PST and QST: tax codes, the Manage Sales Tax centre, preparing, filing and paying returns.

Understanding sales tax3

How sales tax works in SeroBooksHow GST/HST, PST and QST flow from your invoices and bills into tax accounts, onto your returns, and out to the tax agencies.Sales Tax Code ListAdd, change and remove the tax rates and combined tax groups you charge and pay, and choose the tax new items start with.Tax on invoices, bills and expensesWhere the tax on each line comes from, how to change it, what the warnings on a tax code mean, and how tax-included amounts work.

Filing4

Manage Sales TaxThe screen where each sales tax return is prepared from the books, filed, paid by cheque, opened and printed as filed, and, if need be, reversed — one tax agency at a time.Prepare and file a sales tax returnCheck the return for a period, clear anything that stops it, and file it so the period's tax becomes one amount owing to the agency.Pay sales taxPay a filed return with a cheque to the tax agency, as QuickBooks' Pay Sales Tax does, or record a refund received from it; void a payment made by mistake.Reverse a filed returnUndo a sales tax filing in the books — for the wrong period, the wrong figures, or to refile after a correction — leaving both entries on record.

Registrations and special cases2

Tax registrations and exemption certificatesRecord where your business is registered to collect sales tax, and keep the exemption certificates that let customers buy without tax.United States: nexus, use tax and marketplace salesFor US companies — see which states you owe sales tax in, self-assess use tax on untaxed purchases, and keep Amazon's marketplace tax off your own returns.