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Apr 7, 2019 12:53 AM UTC
Question

How can I add Sales Tax for 2016

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1 reply

Rajanikanth
Apr 7, 2019 6:53 AM UTC

Hi, eghiassian

Assuming you filed the returns for the previous years and entering transactions in to the QuickBooks Online

 

01. Post a journal entry

Dr  Opening Equity

Cr  GST/HST Payable

 

02. Post a journal entry

Dr  GST/HST Payable

Cr   GST/HST Suspense account

 

03. For the sales tax payments use Cheque screen and select GST/HST Suspense account under category

Comment back for further clarifications.