PST on Expenses

Posted By RajuSNanduri over 2 years ago

I am from Vancouver BC area. We pay 7% PST on expenses. I am trying to enable tax calculations on our Sage 300 which are currently disabled on our AP System. When I do that, system is posting expense and applicable tax as two separate line items in the expense account. For example, if I post a purchase of $112 of office supplies, Office supplies expense will get two lines one for $100 and another for $7, instead $107 as one line. Is that common in Sage 300? I don't see that in either Sage 50 or QB?

Thank you for any help / suggestions

Raju Nanduri

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0 The Equation Team over 2 years ago

For the BC tax, you will need to have your tax authority PST set to expense separately. This is the correct setting for BC PST. It will show up as a separate line item from your expense, but will go with the same expense account. If there are more than one expense listed, the PST amount will be pro-rated for each expense account. It sounds like you have exactly the correct setup, and what you are seeing is normal.
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0 The Equation Team over 2 years ago

For the BC tax, you will need to have your tax authority PST set to expense separately. This is the correct setting for BC PST. It will show up as a separate line item from your expense, but will go with the same expense account. If there are more than one expense listed, the PST amount will be pro-rated for each expense account. It sounds like you have exactly the correct setup, and what you are seeing is normal.
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0 RajuSNanduri over 2 years ago in reply to The Equation Team

I believe so. I had a meeting our Sage consultants. They said the same thing.. Thank you for the response.
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