How to Record a Sales Tax Expense on Imported Goods in QuickBooks Online

by Craig Anthony

0 min read

The following is a guide on how small business owners can record sales taxes on importing goods into Canada. It is written specifically for users of QuickBooks Online. Here are the steps:

  1. Click on the “Plus ( + )” button and enter a new expense.
  2. Add one line item to the expense account connected to the imported items for $0.01.
  3. Choose a tax code that includes all tax types that you paid. For example, if you paid both PST and GST on imported goods, then select the GST+PST tax code.
  4. Add a second line item within the same account for “out of scope” tax code and -0.01.
  5. Next, edit the boxes at the bottom of the page to the amount you paid for each tax category.
  6. Finally, click the “Save” button in the bottom right corner to save the transaction.

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