Recording a GST refund

To record a GST Refund in the GST Centre:

1. Follow this link to complete the steps in product
2. Under To Pay, select Record Refund.
3. Select the Account the payment will be deposited into and the Date of the refund.
4. Input any Memo for the transaction.
5. Select Save.

To record a Refund when you don't lodge your BAS through the GST Centre:

1. Select + New or + Create and then Journal Entry under Other.
2. In Line 1, enter the GST Liabilities Payable account.
3. Enter the GST collected on Sales on the Debits side.
4. In Line 2, enter the GST Liabilities Payable account.
5. Enter the GST on Purchases on the Credits side.
6. In Line 3, enter the ATO Clearing account (or clearing account you use) and enter the refund amount on the Debits side.
7. Select Save and new to create a second journal entry to record the refund in the bank account.
8.  In Line 1, enter the ATO Clearing account (or clearing account you use) and enter the refund amount on the Credits side.
9. In Line 2, enter the Bank account the payment came from and the full refund amount on the Debits side.
10. Select Save and Close.