Sask PST Return Report - no tax line amounts
- January 18, 2022
- 1 reply
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In 2017, our accountant made an adjustment for PST for $3,900 and she debited automotive equipment and credited PST payable (general journal transaction on file I attached), this resulted in the PST Return Report having a line underneath that says "Tax on Purchases with no tax line" of $3,900. (see file I attached) Then a cheque was written for PST for $3900.
Does anyone know how I correct this? The $3,900 has now been carrying over for 4 years, with small amounts applying against it. If I make a journal entry to DR PST Payable, then what would my credit be? If I make a sales receipt and have the whole PST amount on there, then it shows up when I click record deposit and this is from 4 years ago and I don't want it to start messing my bank up. Any suggestions on how to fix this?
On the 2018 PST Return, the cheque that was written for $3,900 shows up underneath the return report as Unassigned Sales Tax amount.
I use Quickbooks desktop.