HST RETURN, RECEIVER GENERAL RECEIVEABLES AND PAYABLES.

Stilllearningacct · ‎June 17, 2020

Hi! I hope someone is able to help,

Q3 AND Q4 HST tax returns were filed. There was a balance from Q2. The refund from Q3 was applied to the outstanding balance. And the remaining was applied to the PAYROLL tax account. The refund from Q4 was also applied to the Payroll Tax account. HOW do i reflect this in QBD. It shows i have an outstanding to pay in the Payables (Receiver general) and an amount to collect in the Receivables (Receiver general-receivables)

This has had me stumped for the past 4 days and i cant figure it out.

Thank you so much!

JamesM · ‎June 17, 2020

Hello there,

I'm happy to learn you're advantage of the time-saving features which QuickBooks offers. I'd be glad to steer you in the right path with this.

Making sure your transactions are recorded the right way is a good exercise for preventing errors in your books. I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any discrepancies on your account. I'll also leave this post here in the Community so that accounting professionals can chime in on this.

In the meantime, feel free to ask other questions by leaving a comment below. I'm here to help. :)

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HST RETURN, RECEIVER GENERAL RECEIVEABLES AND PAYABLES.

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