Jul-Sep 2020 BAS lodgement was $204 but the ATO deducted $120 from that refund for non business reasons. How do I reconcile and mark as paid the $84.00 paid by the ATO?
Jul-Sep 2020 BAS lodgement was $204 but the ATO deducted $120 from that refund for non business reasons. How do I reconcile and mark as paid the $84.00 paid by the ATO?
Jul-Sep 2020 BAS lodgement was $204 but the ATO deducted $120 from that refund for non business reasons. How do I reconcile and mark as paid the $84.00 paid by the ATO?
Hi robtudman,
Here's how to record this adjustment:
In the GST tab, find the BAS lodgement and select Record payment. Enter $84 there and select the bank account that you used to pay the ATO. Then record the payment date and select Save.
Select Record payment again, and enter $120. In the From account section, select +Add New to create a new Cash and cash equivalents account called Petty Cash (or similar). This will house the adjustment transaction. Record the payment date with the same date as the $84 payment (to keep it all together), then select Save.
Your $84 payment should show as a match in the bank feed, and from there you can match it up.
Bonny
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