How do you record a GST only payment made to customs, so it can be refunded come BAS time? i.e. $950 for GST only. (as it wasnt paid to the supplier)

Forum|Forum|7 years ago
April 1, 2019
1 reply
4 views

No text available

QuickBooks Online

Kristine Mae

Moderator

I will help you record a GST payment only, PlatinumCarpet.

You can create an expense or cheque transaction and enter an amount (0.01) in two line items. The other one should be negative to offset the amount on the 1st line. You will add a tax code on the 1st line item (0.01) and the negative amount should be set up as Out of Scope. Then, manually enter the GST amount in the sales tax field.

I've got a screenshot as your reference.

Reach out to us if you have further questions. We're just around.

Lucagu

Hi Kristine,

I have the same issue and this seems to be a great workaround.

But can I add the expense and categorise the gst component as GST liability payable? I tried but it returns an error that can't be done.

Thanks a lot.

Luca

Rebecca_A Product Champion

Hi Lucagu,

In this case you won't be able to categorise the GST portion directly to GST Liability Payable however the system will do this for you. You will just need to enter the Expense category.

Once you have the correct GST amount entered (after using the workaround above) and selected the applicable tax codes, a transaction journal will be automatically entered applying the GST portion to your next BAS.

Please let me know if you have any other questions at all.

Thanks,

Rebecca

Sign up

Login with SSO

Let's get you signed in

Login with SSO