The return worksheet

The return worksheet works out the indirect tax for a period you choose, from the invoices and bills you issued or entered. It depends on your company's country.

What it lists

• United States: a sales tax worksheet. It shows gross sales, taxable sales, tax collected, tax paid on purchases, and net tax due. See us-sales-tax.
• Canada: a GST34 worksheet. It shows lines 101, 103, 106 and 109. See ca-gst-hst.
• India: a GST summary for GSTR-1 and GSTR-3B, with sections 3.1(a), 3.1(c), 4A and 6.1. See in-gst.

Below the lines, the worksheet lists rows by tax rate and tax account, and notes that explain what has yet to be covered.

Reading it

1. Check the period at the top. It should match the filing period you need.
2. Compare the sales lines with the revenue in your profit and loss for the same period. They should be close. Explain any gap before you file.
3. Read the notes. They list what the product does not split yet, such as sales by state or the CGST and SGST split in India.
4. Check the net tax against what you expect to owe.

The worksheet is marked as not filed. Pop Books does not file the return for you.

Handing it to a preparer

1. Set the period, then copy the lines and the rows into a document, or print the worksheet.
2. Send the preparer the worksheet, the tax-line report and the profit and loss for the same period.
3. Tell them about any draft entries you have not yet posted or discarded. Drafts are not counted.
4. Keep the copy you sent, with the date, in your records.

Income tax return forms, such as Schedule C, are a separate part of the tax area and are not the same as this worksheet.