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Apr 18, 2023 10:41 AM UTC
Question

Is GST/HST for a church/non-profit organization set up as an expense or liability account? Would GST/HST Recoverable be set up as an expense or asset account? QB Desktop.

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1 reply

Apr 18, 2023 2:18 PM UTC

Hi MaganB,

 

Welcome to Community!  Ensuring you're on the right path with the sales tax feature in QuickBooks, and how it's recorded for non-profit organizations, is key in keeping aligned with government guidelines.  I'd be happy to provide some insight here!

 

When you set up your QuickBooks Online company, the required accounts are automatically created, based on the information you've provided.  When setting up the sales tax feature, QuickBooks will create the associated accounts as well.  To learn more about setting up sales tax codes in QuickBooks Desktop, click here.  For additional clarification of sales tax for non-profit organizations, I suggest speaking with an accounting professional.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

Please feel free to reach back out if you have other questions.  We'd be glad to help!