Sales revenue and income statement

SUGGESTED

I am trying to confirm I have my information correct according to what I have declared on my HST remittance.

My sales revenue on my income statement does not match up to my revenue I have submitted. When I remit HST I normally print off an Income Statement and use our Total Sales Revenue as line 101. When I open up my general ledger on sales for the same period- they do not match up. Am I missing something? Is this not a cause for concern to CRA when my quarterly reporting of my sales revenue is not equaling the same amount? 

Now our previous bookkeeper has added CEWS to a misc revenue account- should I have added that to my sales and revenue of line 101? 

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Parents
  • 0
    SUGGESTED

    I'm new to Sage 50 and found a Revenue Synopsis that seems to have the revenue info I need for HST reporting. 

    From the Reports Menu on the top bar, Forecast & Analysis - Analysis - Revenue Synopsis.

    This report shows all revenue as well as the hst collected during the period you enter.   I believe it has everything I need and the hst amount reported here is the same as the TB and G/L for the same period.

Reply
  • 0
    SUGGESTED

    I'm new to Sage 50 and found a Revenue Synopsis that seems to have the revenue info I need for HST reporting. 

    From the Reports Menu on the top bar, Forecast & Analysis - Analysis - Revenue Synopsis.

    This report shows all revenue as well as the hst collected during the period you enter.   I believe it has everything I need and the hst amount reported here is the same as the TB and G/L for the same period.

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