Accounting Ideas

HST options are too limited: ITC's for insurance is 8% and ITC's for some bills should be 13% including HST

HST options when entering vendor bills is limited to HST, exempt, non-taxable. Although there is an option for 50% HST ITC on meals, there are other scenarios. First, insurance is only 8% HST, not 13%. Also, some bills come with total amounts and should have the option of entering total amount w Hst and choosing "HST inlcluded" so the I don't have to do the math outside of the system.

  • Guest
  • Jul 17 2021
  • One For The Future
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