QuickBooksHelpIntuitCreate GST Inclusive Journal Entries
by Intuit•1• Updated 3 years ago
Learn how to configure your journal entries to include GST amounts.
- Select +New, then select Journal entry.
- In the Amounts are drop down menu, select Inclusive of Tax.
Notes:
- If set to inclusive, when you add a GST code to that line, QuickBooks will automatically calculate the amount of paid GST as a proportion of the after-tax value.
- By default, journal entries are set to Exclusive of Tax, where QuickBooks will automatically calculate the amount of paid GST as a proportion of the pretax value.
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