When are you going to add the option to adjust the gst within a journal entry?

Hello GSTQuestion,

Welcome to the QuickBooks Community and thanks for joining us on this thread about recording and adjusting sales tax and journal entries in QuickBooks Online. I'd be happy to shed some light on this so you can record the sales tax amounts you need on your journal entry.

There's a specific way to record sales tax on a journal entry to ensure that it's properly calculating to the sales tax centre which will also allow you to enter the amount needed rather than what QuickBooks calculates by default. The method as described above to use the Sales Tax column on the journal entry not only blocks the calculation amount, but also doesn't properly allocate to your sales tax calculations to QuickBooks Online's sales tax module. I'll be following up with my team to make sure that we're all on the same page with this information.

Now, onto how you can record this kind of transaction. When recording sales tax in a journal entry, you'll want to record it as its own line to the appropriate sales tax account. Once you've chosen that, you can then go to the Sales Tax column to map the charge as needed. Here's an example of what that might look like.

As you can see here, my sales tax amount isn't the full 5% for GST, but rather an amount of my choosing and I was able to map it to the line I want. Keep in mind, I'm not an accountant, so the accounts chosen here may not be correct or ordered properly.

I strongly recommend checking in with an accountant before creating these kinds of journal entries to make sure that you're selecting not only the correct accounts, but also the correct remittance lines when choosing from the Sales Tax column. The accuracy of this information is key and I want to make sure that there are no discrepancies in your books.

Use the My Accountant tab in QuickBooks Online to connect with your accountant directly in your books. That tab has both an invite field and the Find a pro to help button so that you can create that connection as needed. The invite field is for inviting an accountant you're already working with as a user to your books while the Find a pro to help button directs you to our database of QuickBooks-certified accountants near you.

I hope this helps you get back on track! Let me know if you have more questions about this from a QuickBooks perspective. :)