Hello , How to record gst payment made in banking? I have paid the gst payable amount to my CA for the month of March 2020. Now i want to match that in banking .

Hi there, sales202.

To start recording GST payment made in banking, you'll need first to enter tax payments for tax agencies in QuickBooks Online. Then, match it with online banking transactions.

Here's how:

1. Click Taxes on the left menu.
2. From the Tax dropdown, select one of the following. Alternatively, click the right or left arrows on the carousel to select it.
3. From the Returns section, locate the period for which you want to enter the payment.
4. In the Action, column against this period, click Record payment or select the dropdown button and click Record payment.
5. Depending on the agency for which the payment is being recorded, the following window payment window will come up asking you to enter payment information.
6. For GST, enter the Payment Account, Payment Date, IGST amount, CGST amount, SGST amount, and Memo.
7. Fill in the other necessary field. Then, hit Save.

Once done, you can follow the steps below on how you can match the tax payments with online banking transactions.

1. Click Banking on the left. Then, choose the Banking section.
2. Select the bank account from which you made the payment.
3. Under For Review, look for the tax payment you have made to the tax department.
4. If the date and amount for tax payment entered by you in QuickBooks match the tax payment downloaded from the bank, QuickBooks would suggest that you match the transactions.
5. If there is a difference in date then click on the downloaded transaction and the section would expand.
6. Click on Find Match and a new window will come up for Match Transactions.
7.  Enter the date range in which you have entered payment in QuickBooks.
8. Select the Transaction and click on Save.

For additional information, you can click this article: How to record tax payments and match them with bank transactions.

Please refer to this article to see steps on how you can make tax adjustments to adjust the amount in the "Tax Payable" account: What is Tax Adjustment and how do I use it?.

Kindly update me on the result as I want to make sure this is resolved. I'm also here if you need help with anything in QuickBooks. Have a good one.