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Liz111
May 13, 2022
Question

Unassigned tax amounts - hst refund done as a journal entry

  • May 13, 2022
  • 1 reply
  • 0 views

I am trying to file HST for the quarter and there are unassigned tax amounts. I investigated and found that the person who was here before me, entered 2 HST refunds in 2021 as journal entries:

 

Debit to bank,  Credit to GST/HST Payable - under the "name" field, she selected "Receiver General", but there is no tax item selected from the dropdown - options are: GST ITC Zero Rated, GST installments & net tax paid, GST zero rated sales, HST on Sales or Purchase ITC. 

 

How can I fix this so that I can file?

 

Thanks.

1 reply

T
Trish_T
May 13, 2022

Hi Liz111,

 

Paying your sales tax is a vital part of running a business.  QuickBooks automates most of it so you can stay ahead of your work.  I'll be happy to provide more information so you can accomplish your QuickBooks goals!

 

When the taxes are filed, a bill will be created for the amount owed.  Once that's been completed you'll just need to go to Pay Bills, select the amount that's owing and enter the amount that was paid.  Creating a journal entry to enter a tax payment isn't the proper procedure and I suggest deleting it.  Here's how;

 

1. Click on Company and select Make General Journal Entries

 

2. Locate and select the entry you need to delete

  • In QuickBooks for Windows: Select Find and enter the Name, Date, Entry No., or Amount then select Find.  

3. To delete the journal entry:

  • In QuickBooks for Windows: Double-click the journal entry, then select Delete, then OK.

4. Hit Save and Close

 

Here's a helpful guide for your reference, to assist with paying sales tax in QuickBooks Desktop.

 

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

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