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H
Helen Do
January 18, 2023
Question

Creating a separate GST receivable account

  • January 18, 2023
  • 1 reply
  • 0 views

We created a GST receivable account to have GST on purchases coded to this account - we are attempting to keep only GST on sales coded to GST payable, which will help us reconcile and file GST easier.

 

I went to the Item List to change the account on the GST on purchases items but I can't edit any Sales Tax Items to change the path from the payable account. 

 

Can someone tell me how I can achieve this?

I want to only impact any purchases made going forward (and will need to change anything entered this year already for January but do not want to apply it historically).

 

Thank you.

 

1 reply

A
Amanda-B
January 18, 2023

Hey there Helen Do,

 

Thanks for reaching out to us here. Welcome to the QuickBooks Community! Creating accounts and recording transactions correctly is an important step in making sure your books stay balanced. I would be happy to point you in the right direction.

 

To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on creating these types of accounts/transactions. They'll be able to guide you in choosing the correct transaction type as well as which accounts to affect so that your accounts can end up with the right balance. If you do not have an accountant, you can find one near you by clicking on this link.

 

If you have any other questions, feel free to reach out to us here.

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