MoneyWorks blog

British Columbia change back to PST

On April 1st 2013, British Columbia is reverting to the more complex PST tax system, reversing a change to the simpler HST environment adopted a few years ago.

As this is a structural change in the tax system, you can’t just change the HST rate to the new GST+PST rate. Instead you must set up a new tax (or, for users who have had MoneyWorks for several years, reinstate the old one).

We have prepared a document which discusses how you can change your MoneyWorks file(s) to implement PST. It would also be a good idea to refresh yourself on how MoneyWorks handles taxes by revisiting pages 202-206 of the MoneyWorks 6 Manual (available under the Help menu in MoneyWorks).

Download the PST Reimplementation Notes as a PDF.

Note: The notes were updated on 26 March to include a section on changing your MoneyWorks Locale to “PE” so that the standard invoices would print with PST and GST instead of HST.

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