Remitting Taxes (GST, HST, or QST)
Sage 50 Accounting keeps track of the sales tax charged on sales, and the amount paid on purchases. You must report this information at the end of a month, quarter, or year, depending on your report period. You pay the government if the tax charged on sales is more than the tax you've paid on purchases, or receive a refund when the amount you paid on purchases is greater than the taxes you collect from sales. Sage 50 Accounting summarizes this information in a tax report.
We recommend you back up your data before filling up a sales tax return, so that you have backups of each tax period.