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C
canlandia
December 11, 2023
Question

Intercompany Transaction and GST

  • December 11, 2023
  • 1 reply
  • 0 views

Company A bought something that Company B owes Company A for.  Company A is entering the invoice under the Bill area in QB Online.  The category chosen is Intercompany and the tax is entered as except as only the subototal is billed back.  How does Company A capture the GST on the invoice they received.

 

 

1 reply

A
Amanda-B
December 11, 2023

Welcome to the QuickBooks Community, canlandia! I would be happy to point you in the right direction.

 

To ensure the accuracy of your books, I recommend reaching out to an accountant for expert advice. They will be able to better guide you to ensure the sales tax is properly recorded. You can add your accountant to your books by following the steps in this article. You can also find an accountant who has experience with QuickBooks near you by clicking on this link.

 

If you have any other questions, you can reach back out to me here. Hope this helps!

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