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Hello,
I bought a keyboard and I paid GST and QST since I live in Quebec.
I already recorded it as an expense and of course my GST/QST account got increased to reflect those taxes.
Now, I just have returned the keyboard and I will get fully reimbursed by the supplier (Amazon.ca). My question is: How do I record the reimbursement? Of course I need to do it in a way the GST/QST get also affected by the transaction.
Thank you in advance!
Jesús
Solved! Go to Solution.
Hey Jesús,
It's awesome to see that you're being proactive about recording taxes accurately. This simple habit is the best way to unlock the full power of the sales tax centre, maximizing time saved by consistently producing accurate filings. Depending on how you paid, you have a few different options to enter this in your books. I'll be happy to assist you with this.
If you received the refund onto your credit card, it's only a couple simple steps to record the refund:
The process for receiving a refund into a bank account are similarly quick and easy. Check out this article to see the steps: Enter a refund from a supplier
Hope this helps! Feel free to reach out any time.
Hey Jesús,
It's awesome to see that you're being proactive about recording taxes accurately. This simple habit is the best way to unlock the full power of the sales tax centre, maximizing time saved by consistently producing accurate filings. Depending on how you paid, you have a few different options to enter this in your books. I'll be happy to assist you with this.
If you received the refund onto your credit card, it's only a couple simple steps to record the refund:
The process for receiving a refund into a bank account are similarly quick and easy. Check out this article to see the steps: Enter a refund from a supplier
Hope this helps! Feel free to reach out any time.
Thanks so much for the help, André!
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