Tax - Detailed Method Working Paper (GS)
The Detailed Method sales tax working paper include the following:
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Option to include PST rate and remove PST from calculations
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Calculates estimated GST/HST collected on sales for the year
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Calculated estimated GST/HST paid on expenses for the year
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Adjustment for Balance Sheet items (linked to capital assets working papers)
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Adjustment for Income Statement items
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Estimated Net GST/HST owning / refundable for the year
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GST/HST reported on returns (monthly, quarterly, annually) with option to reconcile to fiscal year-end when it does not coincide with GST/HST year-end
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Reconciliation of GST/HST payments made for the year
