Since we were switching to a different accounting package, we did a very rigorous check with our 2020 year with QBO. Our conclusion is that you cannot trust QBO for line 101 to accurately report income. The good news is that all the other line numbers after that work perfectly to calculate your GST submission.
A good example of this is be separated CEBA and CEWS as separate income in the uncategorized income category, as we were going to itemize it separately on our S100 and S125 forms under our T2 Return.
Quickbooks decided it was going to use CEBA in our line 101 income calculations but not CEWS.
TLDR: For line 101 always use your sales and revenue from the Profit and Loss Statement, never from the Quickbooks GST Return that is generated. All the other lines are accurate. If Income from GST Returns do not match the income from Income Tax forms, it increases the risk of being audited.
