How does 21st Century Accounting handle Canadian sales taxes (GST, PST, QST, HST) on invoices?
21st Century Accounting handles Canadian sales taxes (GST, HST, PST, QST) as follows: • Configure: For purposes of calculating GST, PST, QST, and HST on items and invoices, 21st Century Accounting automatically configures tax authorities and then sets up tax groups for the standard taxing authorities. Then you assign the appropriate tax groups to customers, to vendors, and, optionally, to product list items. • Sales: When you enter a sales invoice that references product list items to which a tax group has been assigned, the tax group associated with the item overrides the tax group associated with the customer. This feature allows you to handle items that are tax exceptions to the customer’s tax group, such as, for example, services that are subject to GST but not to PST. When you post a sale invoice, the taxes are automatically credited to the liability accounts associated with the authorities in the tax group(s). • You can change or remove tax groups on a line-by-line basis on a sal
