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June 2, 2024
Question

Enetering HST refund

  • June 2, 2024
  • 1 reply
  • 0 views

Looking for help how to enter an HST refund for a filing made prior to setting up Quickbooks Online.

1 reply

June 3, 2024

Hi Snafupete1,

 

Welcome back to the Community. QuickBooks is a flexible program that enables you to get your accounting work done faster. I'll be happy to guide you in the right direction so you can achieve your QuickBooks goals with ease. 

 

Recording your transactions the right way is essential for ensuring your books remain accurate. That said, I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Otherwise, here are the steps on how to record a refund:

 

  1. Sign in to QuickBooks.
  2. Click on Taxes at the left panel, then Sales Tax.
  3. In the Filed and Paid section and locate the return you've received a refund for.
  4. Click the drop-down arrow to the far right and select Record refund.
  5. Enter the AmountDate, and Bank account then click Record refund to save.

Let me know if this info helps. I'm here to steer you in the right direction.