Quickbooks auto-calculates taxes for you when you enter a receipt. This doesn’t work with tips. Learn how to properly enter a receipt with a tip into Quickbooks.
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What many Canadian business owners don’t know is that receipts and bills that you collect when you purchase items and sales receipts and invoices that you issue to customers have to contain certain information according to the CRA (Canadian Revenue Agency).
These are the guidelines for for receipts to be considered legitimate for the GST/HST Input Tax Credit.
When paying for something in Quickbooks using your bank account (debit card / electronic payment) or your credit card, what is the best method to enter the transaction?
Do you use Write Checks, Enter Credit Card Charges, or Enter Bills (and then later Pay Bills)?