Tax - Detailed Method Working Paper (GS)
 
The Detailed Method sales tax working paper include the following:
 
  • Option to include PST rate and remove PST from calculations
  • Calculates estimated GST/HST collected on sales for the year
  • Calculated estimated GST/HST paid on expenses for the year
  • Adjustment for Balance Sheet items (linked to capital assets working papers)
  • Adjustment for Income Statement items
  • Estimated Net GST/HST owning / refundable for the year
  • 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
  • Reconciliation of GST/HST payments made for the year