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How do I reconcile the GST Liabilities payable with payments made? The ATO clearing account is reconciling, but the amounts are remaining in the GST Liabilities Payable?

 
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Best answer 05-02-2019

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QuickBooks Team

Re: How do I reconcile the GST Liabilities payable with payments made? The ATO clearing account i...

Hello there, Melanie6.

 

After lodging the BAS, QuickBooks Online will create a journal entry to move the GST Liabilities payable amount to the ATO clearing account. Let's make sure that the lodgement journal entry has the correct date. This way, the lodgement matches the payment made.

 

Feel free to let us know if you have more questions. Have a good one! 

View solution in original post

4 Comments
QuickBooks Team

Re: How do I reconcile the GST Liabilities payable with payments made? The ATO clearing account i...

Hello there, Melanie6.

 

After lodging the BAS, QuickBooks Online will create a journal entry to move the GST Liabilities payable amount to the ATO clearing account. Let's make sure that the lodgement journal entry has the correct date. This way, the lodgement matches the payment made.

 

Feel free to let us know if you have more questions. Have a good one! 

View solution in original post

Community Explorer **

Re: How do I reconcile the GST Liabilities payable with payments made? The ATO clearing account i...

Thanks Kristine. The amount is being created in the ATO Clearing account and the payment is being matched to this. However the amount is still also showing in the GST Liabilities.

Any ideas why?

Community Explorer **

Re: How do I reconcile the GST Liabilities payable with payments made? The ATO clearing account i...

HI Kristine, I have now sorted the issue. My apologies. I had misunderstood something about the liabilities. 

Thanks for your help. 

QuickBooks Team

Re: How do I reconcile the GST Liabilities payable with payments made? The ATO clearing account i...

Hello again, Melanie6.

 

I'm glad it's all sorted out. Don't hesitate to visit us again if you have other concerns. Have a great day!