How does the HST work if you don't use the 'sales tax' column in a journal entry? Must I make an ITC adjustment to claim back the HST?
My year end accounting fee is entered without tax (DR Prof Fees CR Accrued Liab) but then I get the invoice which has tax so I DR HST Payable and CR Accrued Liab. Then I pay it DR Accrued Liab CR Bank. However, my Input Tax Credit list on my HST report doesn't then include this amount. Must I do an adjustment in QBO to solve this?
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