Pages
Setup
Finance Setup
Configure your companies basic financial information
** Important
This section is not part of an accounting software system. It is designed to provide a basic and general overview of your company’s financial setup, to help you track the profits and deductibles of your business.
Business Currencies
Clear Currencies
Currencies Setup
Name
Country
Base Currency
USD
USA
CAD
Canada
There are no rows in this table
Sales Tax
Clear Sales Taxes
Name
Description
GST
Federal General Sales Tax
QST
Quebec Provincial Sales Tax
HST
Harmonized Sales Tax
There are no rows in this table
Sales Tax Rates
Clear Sales Tax Rates
Sales Tax Rates Setup
Year
Tax
Rate
2023
GST
5.000%
2023
QST
9.975%
2023
HST
13.000%
There are no rows in this table
Taxes
Clear Taxes
Name
Government
Type
Description
GST Instalment
Federal
Sales Tax
Monthly or Quarterly General Sales Tax Instalment
GST Arrears
Federal
Sales Tax
Income Tax Instalment
Federal
Income Tax
Monthly or Quarterly Income Tax Instalment
Income Tax Arrears
Federal
Income Tax
Income Tax Payment
Federal
Income Tax
Penalty
Federal
Penalty
General Federal tax late fees or penalties
CNESST
Provincial
Payment
Income Tax Payment
Provincial
Income Tax
Income Tax Instalment
Provincial
Income Tax
Monthly or Quarterly Income Tax Instalment
Payroll Tax
Provincial
Payroll
Penalty
Provincial
Penalty
General Provincial tax late fees or penalties
QST Arrears
Provincial
Sales Tax
QST Installment
Provincial
Sales Tax
Monthly or Quarterly Provincial Quebec Sales Tax Instalment
There are no rows in this table
Fantastic!
You have just completed setting up your basic Finance information.
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