QB Issue Resolution:
QuickBooks Online uses the default 7% tax rate. If you’ve created a different tax rate, make sure to select that rate to generate the correct form or report.
On the Taxes page, click the GST drop-down beside Tax. Run the report again to check if it’s now showing correctly.
Resolution for Issue 'The GST report setup by QB is incorrect. Under Box 7 it should not be equal to 7% of Box 5.' available: Yes (Solved).
Source: Intuit Community forum.
The GST report setup by QB is incorrect. Under Box 7 it should not be equal to 7% of Box 5.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for beside Tax
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Error Recovery for beside Tax [Canada]
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