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July 10, 2023
Question

We had a vehicle repaired through Insurance we had to pay the HST on repair. How do I categorize the transaction so it gets included in next quarters HST? (canada)

  • July 10, 2023
  • 1 reply
  • 0 views
The transaction came through my banking. The amount I paid is all HST so I just need help figuring out which category to put it in so the entire amount goes towards next quarters HST.

1 reply

July 10, 2023

Hi mdunn2,

 

It's nice to see you in Community.  Welcome!  It's important that your transactions are recorded accurately in QuickBooks Online, in keeping your books balanced.  To ensure a positive outcome, I recommend speaking with an accounting professional for the 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, please don't hesitate to reach back out.  We'd be happy to help!