Credit Card Data Entry
(Canada)
How To Enter Credit Card Charges to QuickBooks
I just started using QuickBooks so I'm pretty new. I've just added our MasterCard account. Now I have all these transactions to add or split which is fine.
My question is (might sound ridiculous) but do I add GST to these before adding them into QuickBooks?
In a perfect world, you would enter all your credit card charges using your purchase receipts. The purchase receipt identifies whether there is applicable tax.
QuickBooks treats sales tax on purchases differently for GST/HST registrants and non-registratants. Learn more ...
GST/HST Registrants
Non-registrants
I hope that helps. If not, please post back using the link below.