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D
DeDe111
September 11, 2024
Question

Capital Lease Payments

  • September 11, 2024
  • 1 reply
  • 0 views

Hey,

 

I have a capital lease where the HST is calculated on each payment.  In this case, do I then charge HST on the interest expense piece of the payment?  Just can’t wrap my head around this one.  In order to make the payment work I have too, is this correct?  

Thanks to anyone that can help! Cheers

1 reply

J
JamesM4
September 11, 2024

Hi there,

 

Welcome to the Community. QuickBooks is a powerful 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. 

 

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. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Let me know if this info helps. I'll be on standby.

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