How to Use Boatyard with QuickBooks in Canada
If you are using QuickBooks in Canada, there is an extra step you need to take to ensure that your sales tax is correctly synced between Boatyard and QuickBooks. In this article, we will guide you through the process of verifying the correct sales tax type in Boatyard.
Why is it Important to Match Sales Tax Types?
The sales tax type in Boatyard MUST match QuickBooks Online, or the Boatyard invoices will not be synced with QuickBooks. This is crucial to ensure that your financial records are accurate and up-to-date.
Determining Tax Rate in QuickBooks
To begin, you will need to log into QuickBooks Online and click on Sales Tax in the right side bar menu.
From there, click on "Manage Sales Tax" button in the top right corner to access your sales tax settings.
In the Sales Tax settings in QuickBooks, take note of the default sales tax name and amount that is set up in QuickBooks.
Entering Tax Information in Boatyard
Next, you will need to update the settings page in Boatyard. To do this, click on your name in the top right corner and then select "Settings" from the drop-down menu.
Once you are on the settings page, you will need to input the tax rate obtained from QuickBooks. Make sure to double-check that the rate is correct before proceeding.
Next, update the tax type to match the default sales tax name from QuickBooks. Ensure that you select the sales tax type option in Boatyard that is an EXACT match to the sales tax name in QuickBooks.
Finally, save the changes in Boatyard.
Congratulations! You have successfully verified the correct sales tax type in Boatyard. Your invoices will now be synced accurately with QuickBooks, making it easier for you to manage your finances and stay on top of your business.
If you have any further questions or need assistance with this process, please don't hesitate to reach out to our support team. We are always happy to help!