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Dec 15, 2022 3:24 AM UTC
Question

How do I record the HST on leasehold improvements if I do quarterly reporting? I do not believe that I can deduct the entire HST amount paid at once. How would I do this?

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1 reply

Dec 15, 2022 2:53 PM UTC

Hi rony-burns,

 

Welcome to Community!  Ensuring that you're recording the HST accurately in QuickBooks Online is vital to keep in good standing with government guidelines.  In this situation, it's best to reach out to your accountant for their expertise and best course of action.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

If you have any other questions, feel free to reach back out.  We'd be happy to help!