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SHCC
Level 1
posted
‎October 21, 2021 05:16 PM
last updated ‎October 20, 2021 11:16 PM

GST Balance paid from GST refund

H all

 

Just wondering how to deal with this as having been submitted via the GST centre my edit options seem limited.

 

See the screen shot - the $934 outstanding balance from the preceding quarter was automatically taken out of the following quarters refund at the ATO, but I can't record the payment as being from the GST Clearing Account.

 

The $1733 refund (which should now be $799) was lodged through the GST Centre and you can't edit that journal transaction. It would also seem regardless of any other journal entries to correct the flow of payment, this will alway ask for the refund amount of $1733 to be recorded, as that was from the GST Centre submitted BAS.

 

How do I address this?

 

Regards

Chris

 

Screen Shot 2021-10-21 at 5.05.07 pm.png

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2 Comments 2
IntuitSheila
Level 8
‎October 21, 2021 06:21 PM

GST Balance paid from GST refund

Hi SHCC,

 

Thanks for posting in the Community!

 

After you lodged your BAS in the GST Center of QuickBooks Online, you'll have to make sure to record the payment or refund for the specific BAS period. Currently, were unable to edit the amount shown in the GST center as the amount is based from all transactions recorded and coded with GST codes in QuickBooks Online.

 

If the amount shown for the July-Sept 2021 BAS period is different with what you've expected, we'd recommend checking your GST amendments report and Transactions by Tax Code.

 

To check for amendments. Here's how:

 

  1. Click on the GST tab, click on Run Reports.
  2. Select the GST Amendments reports.
  3. Amendments for all period will be shown on the report. 

 

If you've lodged your BAS already, any changes you've made to that period since the lodgement will automatically appear as amendments to the next BAS to be lodged. Not only they're tracked, they will also affect the next BAS period.

 

If there is an amendment showing, you can have the BAS period unlodged by contacting our Customer Care Team or your accountant that uses QuickBooks Online for Accountant.

 

You may want to check these articles to learn more about 

Feel free to drop a comment below if you need more help with QuickBooks. We'll be sure to get back to you as soon as possible.

 

 

 

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SHCC
Level 1
‎October 21, 2021 06:29 PM

GST Balance paid from GST refund

Thanks Shelia

 

The is no issue with the amounts. The ATO has used BAS refund to take payment for a BAS Liability. There has to be a way of accounting for that?

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