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Level 1

HST Journal Entry to clear the previous year

Hi everyone,


I need to clear out the HST report from 2022 so that the balance is not added to 2023 report.  I need the journal entry as I'm not sure where it goes. I tried hst payable but it leaves an unknown entry.

I'm small business and just use QB for tracking.  

Does anyone know what the entry would be?

2 Comments 2
QuickBooks Team

HST Journal Entry to clear the previous year



Welcome to the Community. QuickBooks is a powerful program that helps you to manage your accounting with ease. I'll be glad to share more info so you're on the right track with your work. 


Recording your transactions the right way is essential for ensuring your books remain accurate. That said, I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 


Let me know if this info helps. I'm here to steer you in the right direction.

Level 1

HST Journal Entry to clear the previous year

Thanks but I just need to know the quick entry.  That's what this community is for. quicker than trying to get in touch with an accountant during tax time.  I will wait for responses.

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