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I received a BAS GST Refund from the ATO from a previous quarter BAS I lodged manually (ie before I had QB). The refund money has arrived in my bank. How do I record this GST Refund money in Quickbooks? (ie the GST Refund money has arrived in current period)

 
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QuickBooks Team

I received a BAS GST Refund from the ATO from a previous quarter BAS I lodged manually (ie before I had QB). The refund money has arrived in my bank. How do I record this GST Refund money in Quickbooks? (ie the GST Refund money has arrived in current period)

I'm here to help you record a GST refund, Newtothis02.

 

Last March 2018, we rolled out a new GST page. Although, some users are still using the old one.

 

If you can see the View reports button, you're still in the classic experience. To record a GST refund from there, here's how you can do it:

  1. Click GST.
  2. Select Record Payment for the period you wish to record the refund against.
  3. Change the radio button to Refund.
  4. Select the date, and the account the refund will be deposited. 
  5. Enter the amount, then click Save.

If you can see the Run reports button already, you're on the new GST experience. Here's how you can record the refund:

  1. Click GST.
  2. Under To Pay, select Record Refund.
  3. Select the account the refund will be deposited, then select the date.
  4. Click Save

However, if you don't lodge your BAS through the GST page, you'll have to create a journal entry to record the refund. For the steps, please check the article about recording a GST refund

 

Don't hesitate to let us know if you need more help. We'll be willing to assist you. 

Highlighted
Level 2

I received a BAS GST Refund from the ATO from a previous quarter BAS I lodged manually (ie before I had QB). The refund money has arrived in my bank. How do I record this GST Refund money in Quickbooks? (ie the GST Refund money has arrived in current period)

Hi Kristine, I clicked on your link: https://quickbooks.intuit.com/community/GST-and-BAS/Recording-a-GST-refund/td-p/262658 Under the "Record a Refund when you don't lodge your BAS through the GST Centre" section, there is a reference of a picture: "See picture attached for a visual on how this manual journal entry should be entered" "User-added image" But I don't see a picture example. The picture is missing in your webpage. Can you re-upload the picture to show me how to manual journal entry should be entered??
Highlighted
QuickBooks Team

I received a BAS GST Refund from the ATO from a previous quarter BAS I lodged manually (ie before I had QB). The refund money has arrived in my bank. How do I record this GST Refund money in Quickbooks? (ie the GST Refund money has arrived in current period)

Hello there again, Newtothis02.

 

I'll attach a screenshot on how to create a journal entry to better guide you.

 

 

You can always get back to this thread if you need something else. Have a good one! 

 

 

Highlighted
Level 2

I received a BAS GST Refund from the ATO from a previous quarter BAS I lodged manually (ie before I had QB). The refund money has arrived in my bank. How do I record this GST Refund money in Quickbooks? (ie the GST Refund money has arrived in current period)

Hi Kristine, my Quickbooks does not have a "BAS Liabilities payable" Account or a "BAS suspense" Account. I will have to add them myself. When I add a new "BAS Liabilities payable" Account -> What do I select as the Account Type? What do I select as the Detail Type? What do I select as the Default GST Code? When I add a new "BAS Suspense" Account -> What do I select as the Account Type? What do I select as the Detail Type? What do I select as the Default GST Code? See Screenshot