Canadian businesses pay two different tax rates: PST and GST/HST. Set this up in Dext so that we can extract both tax rates from your Cost items.
Setting up Canadian secondary taxes for QuickBooks Online
- Go to Business settings and then Extraction and under Tax turn the Extract secondary tax toggle to Yes. This setting will only appear if:
- Your Base Currency is set to Canada Dollars – You can check this by going to Business settings >Business profile.
- Your Account Country is set to Canada – You can check this by going to Business settings >Business profile.
- Your account is connected with QuickBooks Online
- Go to the Connections section under Business Settings and click Manage next to your accounting software. Choose a default tax rate for each of the following settings:
- Default tax rate
- GSTS/HST/TPS tax rate
- PST/QST/TVQ tax rate
- Default exempt tax rate
The dropdown list of tax rates is pulled from your QuickBooks Online account.
You’ll see fields for each of the tax rates when you’re viewing your purchases.
When you publish a bill to QuickBooks Online, the default tax rates that you selected on the connections page will be noted as the two tax values.
Note:
- If you purchase from vendors in more than one province, you’ll need to record the difference in PST values using our line item feature
- If your document includes GST, PST and tax-free purchases, you’ll need to record the tax-free part of your purchase using our line item feature
- If your document includes another tax rate (such as liquor tax) in addition to GST and PST, you’ll need to record additional tax rate using our line item feature