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How do you record a GST only payment made to customs, so it can be refunded come BAS time? i.e. $950 for GST only. (as it wasnt paid to the supplier)

 
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QuickBooks Team

How do you record a GST only payment made to customs, so it can be refunded come BAS time? i.e. $950 for GST only. (as it wasnt paid to the supplier)

I will help you record a GST payment only, PlatinumCarpet.

 

You can create an expense or cheque transaction and enter an amount (0.01) in two line items. The other one should be negative to offset the amount on the 1st line. You will add a tax code on the 1st line item (0.01) and the negative amount should be set up as Out of Scope. Then, manually enter the GST amount in the sales tax field.

 

I've got a screenshot as your reference.

 

 

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