CA Tax - Separate accounts for GST & PST
I would like to see GST and PST in separate accounts not lumped into one account.
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Raghav Verma commented
Many times I am amazed at how good Xero is, but sometimes, I'm blown away at the incredibly stupid choices made by Xero. This is one of those instances.
Why do we have only ONE account for all sales taxes? It goes against accounting practices, and COMMON SENSE! I would like to have a chat with the person who decided this was a good idea. They even put this out as such in their support page on "How sales tax works in Xero". Shame that this needs be put out as a "Xero Idea".
Source - https://central.xero.com/s/article/How-sales-tax-works-in-Xero-GL
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Courtney Haughey commented
We charge PST in multiple provinces so it is very important that our financials show these taxes separate, PST - Sask, PST - BC, GST/HST - Federal, these three taxes we charge are all remitted to separate government agencies and should this should be reflected on our balance sheet.
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Alex Ataman commented
This is absolutely very important for making reconciliation of different sales tax accounts.
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DUSTIN BARTSCH commented
We operate in a province with separate GST and PST reporting requirements. Xero presently lumps both sales taxes into one line item which is going to be a nightmare in any forensic or audit scenario. We need a separate line item for GST and for PST in Saskatchewan, Canada so that they can be tracked independently as they are applied very different (one refundable, one non-refundable, one applies to everything, one applies to most things).
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David Wu commented
Having these two different taxes assigned to the same account is a big issue. And similarly having the PST paid on purchases assigned to the transaction account (so that it's lumped in with the product) is also another problem. Please have the option to map tax rates to our custom accounts rather than the Xero default.
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James Amico commented
To not have GST and PST in separate accounts is a great way to end up red flagged for an audit, and goes against universal "Good Accounting Practices".