GST/HST AUDIT TOOL™
Launching Summer 2026!
Tax Resources for Canadians
The GST/HST AUDIT TOOL™ is a Microsoft Excel workbook designed to audit accounts payable data and identify suppliers’ invoices where GST/HST input tax credits (ITCs) and QST input tax refunds (ITRs) were either not recorded or recorded incorrectly.
This workbook is intended for companies registered for GST/HST, including those also registered for QST, with annual sales of $10 – $250 million. Depending on the size of the company, the users are as follows:
- Accounts Payable Personnel
- Financial Accounting Manager
- Controller
- Group Controller
- Vice-President Finance
- Chief Financial Officer
It is recommended that the accounts payable data be audited before each month-end closing. Other frequencies may be used, if preferred (i.e. quarterly, semi-annually, or annually).
Benefits include:
Financial Control
- Keep 100% of your savings
- Increase cash flow monthly through continuous tax coding corrections and recovery
- Continuous in-house monitoring
- Replaces contingency-based third-party services
Operational Efficiency
- Tax savings or exposure auto-calculate upon data entry by A/P personnel
- Implement procedures to correct and prevent reoccurrence of identified exposure as soon as possible
- Eliminate the time otherwise spent by A/P personnel to check the tax coding in Purchase Journals
- Simply print the data range in the worksheet for savings or exposure and attach to the journal entry
Data Security
- Total in-house control over sensitive A/P and G/L data versus emailing or transferring to service providers having hybrid work arrangements with employees or subcontractors
Government Audit
- Filing tax returns error-free of ITCs and ITRs eliminates the risk of assessment upon audit by the Canada Revenue Agency and Revenu Quebec for taxes owing, penalty, and interest
- Reduces the audit time otherwise spent by the Canada Revenue Agency and Revenu Quebec dealing with exposure identified
Learning
- This tool is easy to learn and use. The User Manual includes many examples of A/P transactions
LICENSE FEES
The annual license fee for the GST/HST AUDIT TOOL™ is tiered and priced according to the number of rows required to import your data for accounts payable transactions. Each row is one transaction.
| Product Name and Edition (1) | Annual Fee (2) |
|---|---|
| GST/HST Audit Tool™ – 10,000 Row Edition | $395.00 |
| GST/HST Audit Tool™ – 25,000 Row Edition | $645.00 |
| GST/HST Audit Tool™ – 50,000 Row Edition | $895.00 |
| GST/HST Audit Tool™ – 100,000 Row Edition | $1,295.00 |
| GST/HST Audit Tool™ – 250,000 Row Edition | $2,395.00 |
Notes:
- Column headings are included in the total number of rows.
- The annual fee does not include sales tax. Applicable sales tax will be added.
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