Books and tax
Expenses, sales and tax, ready for your accountant.
Go to Books.
- Add your expenses (flour, boxes, butter…) with the receipt amount.
- See your sales, by quarter.
- Download the transactions file for Wave, QuickBooks or your accountant.
Do I charge GST/HST?
Not until you're registered. Most new home businesses aren't (a small supplier, under $30,000 a year). Books shows your last 12 months of sales and warns you before you reach it.
Once you're registered, set Tax % and its name in Settings. Orders add it. If your service prices (bookings and jobs) already include it, tick My service prices include HST: their invoices then show the tax inside the price. The tax summary in Books counts bookings and jobs once they're done, with the tax they had when their price was set.
Not sure? Ask an accountant. This page is a guide, not tax advice.
Still stuck? Write to us: [email protected] ·