Question

How can i record a sales tax payment for the previous tax season if i had not setup sales tax in quickbooks during the past tax year

GST/HST payable account currently totals last years (2018) GST/HST amount PLUS this years (2019) GST/HST amount

Hi,kyle9

To manually enter tax payments

01. Post a journal entry

Debit - GST/HST Payable - Amount you want to pay

Credit - GST/HST Suspense - Amount you want to pay

02. For tax, payment use Cheque screen for cheque payment/ Expense screen for the other payment methods

Vendor - Canada Revenue Agency, Payment account - ?? e.g Credit card

Category details > under Category select GST/HST Suspense

Comment back for further clarifications / to discuss.

Hi All,

Note the above solution assumes you have an opening Credit balance in the GST/HST Payable account from the last year / previous years.

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