Topic: Canada GST/HST Setup
I am trying out FA for the first time. I set up 2 GST/HST accounts: 1 for GST/HST Collected and 1 for GST/HST ITCs. I then set up a GST 5% tax, HST 13% tax and HST 15% tax. Since it wouldn't let me assign all 3 tax rates to the same account, I did this in the database so that I can correctly account for GST/HST. Is setting it up this way going to cause problems? Thanks!