Could i please see an example of how to enter BAS quartley statement in quickbooks where there is a refund in gst component. Not sure whether to do journal entry. Thankyo

Hi there, jenny.

Yes, you can see an example how to enter a BAS quarterly statement in QuickBooks where there is a refund in GST component.

To begin with, when your BAS shows a refund in the GST component, you can record it in QuickBooks in two different ways depending on how you lodge BAS.

If you lodge BAS inside QuickBooks, there's an option to record the refund directly. 

Here's how:

1. Navigate to the GST menu then select the To do tab.
2. Look for your activity statement and click Record refund.
   
3. Select the account from which the payment was made.
4. Select the Payment date.
5. Enter a Memo for the transaction if required.
6. Click Save button to complete the recording.
   

However, if you lodge BAS outside QuickBooks you'll need to do a journal entry(JE) to reflect the refund. This ensures the accounts still balance even though QuickBooks wasn't used for the lodgment.

To learn more about how journal entries work, you can visit this article: Create journal entries in QuickBooks Online.

You can also refer to your accountant to confirm which account you should use for the JE.

If you have follow up questions, please don't hesitate to click the Reply button.