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Level 1

Our GST Return is filed annually and we make quarterly installments. How do I record so this payment shows on Line 110 of the GST/HST Return Report?

The Q1 installment payment is recorded in the GST installments-other current liability account (sub account of GST Payable). When I checked the report in preparation for submitting the Q2 installment payment I see the first installment isn't appearing on Line 110 of the GST/HST Return Report.

I cannot see where the Report is pulling information from for Line 110. Thanks.

Solved
Best answer 03-11-2019

Accepted Solutions
Level 2

I can help you with this, Jan. In order to record the in...

I can help you with this, Jan.

In order to record the installment payment in QuickBooks Desktop for your GST Return, you need to write a cheque to the Tax Agency like Receiver General and add the Sales Tax Item in the Items tab.

To do this:

  1. At the top Menu bar, select Banking then Write Checks.
  2. Fill out the required information: Payee, Bank Account, Amount, Date, and Memo.
  3. Select the Items Tab and go to the Item column.
  4. In the Item column, select GST Instalments to apply to Line 110 (This is a default Sales Tax Item that should already be created) and fill out the required information in the Items tab.
  5. Select Save & Close to exit.

Once the installment cheque is made, you would be able to see it in the Tax Agency Detail Report.

Let me know if you have any other questions.

Alen


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11 Comments
Level 2

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Level 2

I can help you with this, Jan. In order to record the in...

I can help you with this, Jan.

In order to record the installment payment in QuickBooks Desktop for your GST Return, you need to write a cheque to the Tax Agency like Receiver General and add the Sales Tax Item in the Items tab.

To do this:

  1. At the top Menu bar, select Banking then Write Checks.
  2. Fill out the required information: Payee, Bank Account, Amount, Date, and Memo.
  3. Select the Items Tab and go to the Item column.
  4. In the Item column, select GST Instalments to apply to Line 110 (This is a default Sales Tax Item that should already be created) and fill out the required information in the Items tab.
  5. Select Save & Close to exit.

Once the installment cheque is made, you would be able to see it in the Tax Agency Detail Report.

Let me know if you have any other questions.

Alen


View solution in original post

Level 1

Thanks - that worked great!

Thanks - that worked great!
Level 2

You're welcome. I'm happy this solution worked out. Let m...

You're welcome. I'm happy this solution worked out. Let me know if you have any other questions. Have a great day! - Alen
Level 1

Alen, GST instalments doesn't appear in my item column....

Alen, GST instalments doesn't appear in my item column.  How do I set this up?  I do notice it if I opt to make a sales tax return there is a line 110 - Instalment - but I was told to write a cheque
Level 2

I can help you with that question, Maggie Tulliver. If yo...

I can help you with that question, Maggie Tulliver.
If you create your Sales Tax Items, QuickBooks Desktop should automatically create the Sales Tax Item for you by default. If you don’t have a Sales Tax Item set up for GST installments, I can help you.

Here’s how:

1. At the top Menu bar, click the Lists menu.
2. Select Item List.
3. On the bottom left corner, click on Item and select New.
4. Select Sales Tax Item from the drop-down under Type.
5. Enter the name of the Sales Tax Item such as GST Installments.
6. Enter a Description such as Instalments and net tax paid (Line 110).
7. Enter the Tax Rate (%) or AMT or leave it at 0.00.
8. Select applicable Tax Agency for your Province.
9. Select applicable Sales Tax Return Line – It’d be assigned to Line 110 Instalment and other annual filer payments click Finish to save.

After you create that Sales Tax Item, you can create your cheque and add it to the Items tab as stated above.
Once the cheque’s made, you would be able to see it in the Tax Agency Detail Report.
Please try these steps, and let us know if you have any other questions. Thanks and have a great day.
-Alen
Level 1

Thank you so much Alen - worked great! Maggie

Thank you so much Alen - worked great!
Maggie
Level 2

You're welcome @MaggieTulliver Glad I could help. - Alen

You're welcome @MaggieTulliver Glad I could help. - Alen
LR6
Level 1

I have the HST instalment account set up as a sub account...

I have the HST instalment account set up as a sub account of the HST payable.  It showed up on my annual remittance under line 110. But how do I now clear this out at the year end?  For ex. I did a quickreport of my HST account for this fiscal year and it shows a minus amount (the amounts of last years quarterly instalments).
Level 1

Re: I can help you with this, Jan. In order to record the in...

Hi,

For some reason, I can't see the Items tab you are referring to. I only have the Categories listing GL accounts - am I not looking in the right spot?

Thank you,

Olena

Level 6

Re: I can help you with this, Jan. In order to record the in...

Hello @OR83 ,

 

It sounds like you may be using QB Online.  The OP in this thread is using QB Desktop, which is what the instructions above are referring to.

 

In QBO you would go to Taxes-->Sales Tax-->Payments tab-->Record Instalment.

 

Choose your account (Chequing or whatever account you use to pay taxes), and fill in the filing date and the payment date, amount and any memo you want.  This will record your instalment payments against an annual filing.