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

Also included:

• Template Specific Options

• Working Paper Highlights