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| Name | GST Tax Code for Meals and Entertainment Expenses - My Cloud Bookkeeping |
| Video Uploader | Video From My Cloud Bookkeeping |
| Upload Date | This Video Uploaded At 31-08-2017 21:15:42 |
| Video Discription | Are you aware you can only claim half of the GST you pay on meals and entertainment expenses? This week's video blog shows how you can automate the correct accounting from the beginning - no adjustments necessary! Using the PST code here in British Columbia, Canada, and adjusting the rate of both PST and GST we create a sales tax code that can be used as a GST tax code for meals and entertainment expenses to ensure that you consistently claim only the portion you are entitled to, and have accurate reporting for both expenses and sales tax. If you watch to the end of the video you will also see how these changes impact your financial statements, and you will be able to easily check you have applied the changes correctly. Sign up for QuickBooks Online here: https://bit.ly/2B2UskE If you would like help to set up this or any other QuickBooks Online feature, reach out! Here is the link to my small business month-end checklist: https://learn.mycloudbookkeeping.org/small-business-month-end-checklist, which will also subscribe you to email updates for QuickBooks Online, and fun information as I explore apps that may further simplify and automate your bookkeeping and accounting. If you have questions or comments, please use the comments box below. I would love to hear from you :) https://mycloudbookkeeping.org/ ********************************** SUBSCRIBE HERE: https://bit.ly/3eWu8s2 ************************************ CONNECT WITH ME: I absolutely love hearing from you! TWITTER: https://twitter.com/mycloudbooks FACEBOOK: https://www.facebook.com/mycloudbookk... INSTAGRAM: https://www.instagram.com/mycloudbook... EMAIL ME: [email protected] https://youtu.be/GctuL19pYjI |
| Category | Howto & Style |
| Tags | quickbooks online tax codes | gst tax code for expenses | meals and entertainment expense | quickbooks online |
