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August 20, 2024
Question

How do i record GST payments that i make on imported goods? this tax isnt paid at the time of purchase but after my broker clears my shipment.

  • August 20, 2024
  • 1 reply
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1 reply

August 20, 2024

Hi there,

 

Welcome to the Community. QuickBooks is a powerful program that helps you to manage your accounting with ease. I'll be glad to share more info so you're on the right track with your work. 

 

Recording your transactions the right way is essential for ensuring your books remain accurate. That said, I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

In the meantime, here's a helpful resource that shows you how to: Record a sales tax expense on imported goods in QuickBooks Online.

 

Let me know if this info helps. I'm here to steer you in the right direction.