Should I be allocating all payments to the ATO as ""ATO Clearing Account"? Do I need to allocated Paid GST and Owed GST? Sorry I cannot remember. Thank you.

Welcome to the Community, lisajmetzl-gmail!

If the GST payment is under For review tab of your Banking page, you're on the right track to use the ATO Clearing account in allocating the GST payment.

You'll have to make sure to record the payment first under GST Center if you have lodged your BAS for the specific period, and then can match it to the GST payment in the For review tab.

Here's how:

1. Click on the GST tab, and go to To Do.
2. Locate the BAS period, and click on Record Payment.
3. Fill out the information, like amount, Account the payment was made.
4. Click on Save.

Then, go back to the Banking/Transactions tab to match the GST payment. You can also check this article to learn more about Recording a GST payment (BAS Payment).

Feel free to comment if you need more help with QuickBooks. Have a nice day!

Thank you very much :)

You're welcome, ljm317.

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Enjoy the rest of the day!

Hi,

I have recorded the GST payments as per the instructions, but what do I do with the corresponding transactions in my bank reconciliation? I still have the payments listed in there.

Thanks.