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June 29, 2022
Question

How can I adjust the GST when it has too much money in the account. The error was made many years ago and the accountant want me to adjust it.

  • June 29, 2022
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1 reply

June 29, 2022

Hi bburdge4,

 

Welcome to Community!  It's important that your sales tax is recorded accurately in QuickBooks Online to keep your accounts balanced.  I'll be happy to provide more information so you're on the right track with your work!

 

Based on the information you've provided, it's best to speak with your accountant about the best course of action for making adjustments to the GST account.   Underlying factors can potentially cause a negative impact on your books, such as previous tax payments and account reconciliations.

 

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