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PegasusTransport
May 29, 2023
Question

Record a HST on my auto repair expense

  • May 29, 2023
  • 1 reply
  • 0 views

Hi I had an auto repair expense of $3,650, among which $3,000 was the insurance deductible I paid, and the rest was the HST I also paid on total repair cost. How do I correctly record the $650 HST? It’s 13% of the total repair cost but not 13% of the amount I actually paid. Thanks!

1 reply

J
JamesM4
May 29, 2023

Hello PegasusTransport, 

 

Welcome to the QuickBooks Community. QuickBooks is an easy-to-navigate program that helps you to manage your accounting with ease. I'll be glad to share more info so you're on the right track with your work. 

 

In order to accurately record your transactions, I highly recommend consulting an accounting specialist for expert suggestions. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. In the meantime, feel free to check out the following article that shows you how to: Categorize and match online bank transactions in QuickBooks Online.

 

Let me know if this info helps. Otherwise, feel free to ask questions in the comments below

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