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June 21, 2023
Question

Can you explain how I record an interest payment received on an HST filing that was held up due to an HST audit by CRA?

  • June 21, 2023
  • 1 reply
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How to record interest from HST filing

1 reply

June 21, 2023

Hi accounts-rockwoo,

 

Welcome to Community!  QuickBooks Online provides the options you need, to manage your your sales tax with confidence.  I'd be glad to assist!

 

When you need to decrease or increase the payment amount for things such as interest, you can enter an adjustment, when you select Prepare Return.  However, to ensure a positive outcome on your books, I recommend speaking with an accounting professional.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

If you have any other questions, please feel free to reach back out.  We'd be happy to help!