How to assign a GST refund partially assigned to a GST payable?
For Jan - Mar qtr we should have received a refund of $3,000. For Apr - Jun qtr we should have had a payment of $2,000. Due to circumstances beyond our control both of these were lodged on the same day. ATO refunded $1,000 (i.e. they kept $2K to pay the Jun qtr outstanding). How do I enter this in Intuit?
If I record the payment and refunds in the GST centre for the full amounts, it doesn't come through to match off on the bank rec. I can't record a partial refund in the GST centre.
I assume I would have to record the full amounts in the GST centre, and then do some sort of journal to correct & match the bank statement, but I really am not sure.