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helen-nguyen
Level 1
posted
‎November 19, 2021 04:58 PM
last updated ‎November 18, 2021 9:58 PM

We report GST annually, but will make GST installments and PAYG quarterly. How can we set-up GST instalment to prepare IAS quarterly?

We are suing QuickBooks online. I have check Tax setting but there is not GST instalment function there. Please help.
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1 Comment 1
IntuitSheila
Level 8
‎November 19, 2021 05:48 PM

We report GST annually, but will make GST installments and PAYG quarterly. How can we set-up GST instalment to prepare IAS quarterly?

Hello helen-nguyen,

 

It's good to hear you were able to check the lodging frequency options in the GST Center. Currently, you can choose the lodging frequency for GST as Monthly, Quarterly, and Annually. And then, for the PAYG you have the option to prepare IAS either monthly or quarterly.

 

  1. Click on the GST tab.
  2. Click on Settings button.
  3. Click on Tax settings.
  4. Under Tax withheld for employees (PAYG Withholding), choose lodging frequency either Quarterly or Monthly. 
  5. Click on Save.

If you do not see the option, make sure to turn it on and tick the box for PAYG Withholding, to be able to select the correct lodging frequency.

 

You can check these articles to learn more about setting us GST and BAS:

Feel free to reply to this thread if you need more help with QuickBooks. We'll be here to help you.

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