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Create GST Inclusive Journal Entries

SOLVEDby QuickBooks2Updated over 2 years ago

Learn how to configure your journal entries to include GST amounts.

  1. Select +New, then select Journal entry.
  2. 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.

GSTinclusiveJournals.png

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