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Level 1

Does anyone know how to reverse a filed tax return in quckbooks online?

 
3 Comments
Level 5

Re: Does anyone know how to reverse a filed tax return in quckbooks online?

Hi,info461

 

01. If you filed and paid move to the Tax centre > under the Action column relevant return dropdown menu > select Undo filing > popup messages > Are you sure you want to go back?  click Undo filing. And post a journal entry 

Debit   Bank

Credit  GST/HST Suspense 

 

02. If you filed and not paid move to the Tax centre > under the Action column relevant return dropdown menu > select Record payment and make the payment 

( use a clearing bank for this purpose ) > post a journal entry and Tax centre Undo from the Action column.

Debit   Clearing Bank

Credit  GST/HST Suspense 

this will convert the return to filed and paid status to Reopened status in tax centre

Comment back for further clarifications / to discuss.

 

Level 1

Re: Does anyone know how to reverse a filed tax return in quckbooks online?

Is this for the online version? I do not have the desktop version and some settings are different

Level 5

Re: Does anyone know how to reverse a filed tax return in quckbooks online?

info461

Yes above solution is for QuickBooks Online Canada.