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CBZ59
Nov 18, 2019 2:55 AM UTC
Question

How do I record a deposit of HST refund from Revenue Canada?

I have a newly set up set of books on QBO so there is no tax filing report yet. The refund was from a previous year filing by another accountant, so there is no Tax report to show it against. Do I just deposit to bank against account HST Suspense?

1 reply

JamesM
Nov 18, 2019 6:18 PM UTC

Hi there,

 

It's good to hear from you again! Making sure you're recording a transaction the right way is good for preventing discrepancies in the future. 

 

I recommend contacting an accounting professional. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to assist. :)

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