Financial - JDE1 (MOSC)

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Canadian Self-Assessment Tax

edited Jan 5, 2015 9:59AM in Financial - JDE1 (MOSC) 6 commentsAnswered


Hello,

We would like to accrue use tax in Canada for HST like we do using the "U" in the United States.  The vendor is charging us zero tax, but we want to accrue the full amount including accounting for recoverables and non-recoverables for future payment to the statutory authorities.  We've tried using the C, B, and V, methods and they all assume that the Invoice Amount included tax.  Here is what we'd like:

Invoice Amount $100

Taxable Amount $100

Tax:  $13.00

Recoverable GST:  $6.50

Non-Recoverable  GST: $6.50.

Any guidance would be appreciated.

Thank you,

Mark

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