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How To: QuickBooks Online Recording GST HST Instalment Payments Made EASY

In this step-by-step tutorial, you’ll learn how to record a GST/HST instalment payment in QuickBooks Online specifically for Canadian businesses. Keeping your taxes organized is essential for accurate bookkeeping and tax filing, and this video will guide you through the simple process of entering your GST/HST payments properly.

Whether you’re a small business owner, bookkeeper, or accountant in Canada, this guide is perfect for ensuring your instalment payments are correctly recorded to avoid any mistakes with the CRA (Canada Revenue Agency).

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How To: Record Customer Deposits in Quickbooks Online

In this video Arielle from Fix My Books will be teaching you how to record customer deposits in Quickbooks Online.

There will be four steps in this video:

  1. Setup of the Customer Deposits Item & Account

  2. Creating a Customer Deposit Invoice

  3. Creating a Sales Invoice

  4. Applying the Customer Deposit towards the Sales Invoice

Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!

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How To: File T4s with CRA using XML File (2022 Tax Year)

In this video Arielle from Fix My Books will be showing you how to file your T4's with the CRA using an Internet File Transfer (XML File) aka electronic transmittal.

Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!

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How To: Tax Filing Prep - Year End Review of your Quickbooks account

In this video Arielle from Fix My Books will be showing you how to prepare your books for Tax Filing by doing a Year End Review of your financial statements in your Quickbooks Online Account or any other accounting software that you're using.

Here are some things we are going to look at:

1. Profit and Loss Statement

2. Balance Sheet

3. Accounts Receivable

4. Accounts Payable

5. HST Return and Balances

6. Property, Plant and Equipment (Fixed Assets) and Depreciation

7. Inventory and Cost of Goods Sold

Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!

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Quick Tips: Common Quickbooks Online HST Error for Shopify, Amazon & Etsy Sellers who use A2X

In this video, Arielle from Fix My Books will be giving you an overview of the most common HST Error that happens in Quickbooks Online: The HST return and the GST/HST Payable amount on the balance sheet are not matching. I will show you what is causing the error, how to find the error quickly and how to fix it in Quickbooks.

This is very common with Ecommerce Sellers on Shopify, Amazon & Etsy who use A2X to publish their Sales to Quickbooks Online. The error usually happens when you forget to tag the HST line on the Journal Entry of A2X.

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Quick Tips: HST Tips & Tricks (Zero-Rated vs. Out-of-Scope)

In this video, Arielle from Fix My Books will be giving you an overview of the three types of 0% Sales Tax in Quickbooks. The differences between Zero-rated, Exempt and Out of Scope and how these affect your Sales Tax (HST) Return. She will also show you how to properly enter Meals & Entertainment expenses where you can only claim half of the ITC's (Input Tax Credits).

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