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Tony DND
February 16, 2022
Question

What category do I put in for a payment to ATO activity 001? Thanks in advance

  • February 16, 2022
  • 1 reply
  • 0 views

Hi everyone, 

 

I'm new to business and quickbooks so thanks a lot in advance for anyhelp.

I have paid to ATO for a payment that in their website show is "Activity statement 001" and now I don't know which category do I have to choose now in Quickbooks for this payment? I was thinking BAS Expense is what it should be but when I select it, it show an error like this:

"You have either selected a tax liability account on a transaction where it's not allowed, or haven't specified a tax rate along with it."

 

And on the GST column for this payment, do I choose the "Out of scope (0%)" or something else?

 

Please help, thank you!

 

Kind regards,

Tony

1 reply

I
IntuitAika
February 16, 2022

Welcome to the Community, Tony DND. 

 

If you're trying to record a GST/BAS payment in QuickBooks Online and is using the GST centre to lodge your BAS, you can follow these steps on how to record it. 

 

  1. Select GST, then navigate to the To Do tab.
  2. Select Record Payment on the activity statement you want to record a payment against.
  3. Enter the Amount paid.
  4. Select the Account the payment was withdrawn from and the Date of the payment.
  5. Enter a Memo for the transaction if required.
  6. Select Save.

However, if you're not using the Lodge BAS function in the GST centre, you can record the GST/BAS payment via journal entry. 

 

  1. Click on the + New button and select Journal Entry.
  2. For GST payment to ATO, select GST Liabilities Payable account and enter the amount of payment in Debit column.
  3. Select the bank account the payment has come out from in the second line of the journal and enter the same amount in the Credit column. 
  4. Click Save and Close. 

For more detailed information, you can check on this article: Recording a GST payment (BAS Payment).

 

Feel free to drop a comment below if you need further assistance with your ATO payment. Have a great day! 

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