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S
sh2295
October 13, 2021
Question

GST/HST Summery report amount does not match with GST/HST payable of Trial balance.

  • October 13, 2021
  • 1 reply
  • 0 views
I checked each transaction and I find out that GST/HST Summery report is not taking beginning balance and one manual journal for recognized revenue How can I adjust this?

1 reply

PrachiJoshi
PrachiJoshi
October 13, 2021

Did you use the sales tax code in the manual journal?

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sh2295Author
October 13, 2021

I did not get your question. Can you please little bit explain in it?

 

Thank you,

A
Alex M
October 14, 2021

Hi there Sh2295,

 

It's important that your tax accounts are correctly set up so that all their balances are correct. QuickBooks Online allows you to create journal entries in order to be able to move money from one account to another. I can provide some information about journal entries and taxes.

 

In order to know which line of your return to affect while entering an amount affecting the Taxes payable account, you'd need to select the line of your tax return for the row by clicking on the Taxes drop-down and choosing the line of the return.

 

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

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