Does anyone have a smooth solution for tracking GST income and outflow?
edmontoncanuck
Member ✭✭
This is for a small amount of business revenue, the bookkeeping not complex enough to make me use a full accounting package. Right now I am manually splitting the relevant transactions in the register and entering a calculated GST amount.
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Shame, the H&B Windows version works quite well with a tax line item on the business side to track the GST or HST and has the full investment compliment.
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What edition level of Quicken (Canadian version) are you currently using?AFAIK, the Canadian Quicken Home & Business edition might do what you want when it comes to creating Customer Invoices, as long as you do not need to also track inventory items.If you currently use a Canadian version of Quicken, look in Quicken Help for an introduction to the business - related features
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thanks for responding. I use the quicken subscription deluxe version 5.11
The business edition is overkill for what i need and leaves me without investment tracking.
I created a workaround and settled on the reality of manually entering the GST (either income or expense) in each relevant transaction. Since it's usually and easy calculation of 5%.
I was looking for a feature that was available (if my memory serves me correctly) in one of the very old versions where you could create a tax account.
I'd like a check box for GST on a transaction and have the software conveniently calculate and enter for me... dream on.. lol0 -
Uh oh.. I'm wrong. the home and business edition does track investments. I'll take a closer look.0
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I'm NOT wrong. There is no Home and business edition in Canada for Mac.
The Mac software is finally hugely improved, but still not up to speed.0 -
Shame, the H&B Windows version works quite well with a tax line item on the business side to track the GST or HST and has the full investment compliment.
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