Good question, @rfchaim. It's important that you get the best advice possible for your question. I recommend reaching out to an accounting professional to see what the other side of the entry should be and other info. I know a good place to look for an accounting professional. You can simply search for one on our website using just your postal code. Here's the link:

https://quickbooks.intuit.com/ca/find-an-accountant/

Keep me posted on what happens. If you've got questions, don't hesitate to ask. I'm here to help.

I've been following your correspondence - the above link doesn't work.  Would it be possible to send it again?

My mistake. I'll go ahead and update the link. :)

Here it is https://quickbooks.intuit.com/ca/find-an-accountant/. Feel free to ask any questions. 

Hello! I am creating a reimbursement in a journal entry. I have the reimbursement set up as a current liability, and the other side of the entry is to freight and delivery and billed to the client. When recording the GST in the reimbursement side of the transaction, is it correct to record that amount separate in the GST payable account?

Thank you for the help.

Hi there, 

Thanks for joining the conversation here in the Community.

This is a great accounting question. I'd recommend consulting with a professional accountant to get the best advice on which accounts to record your GST to, as well as the proper structure of your journal entry. If you're not already connected to an accountant, you can find a ProAdvisor in your area here: https://quickbooks.intuit.com/ca/find-an-accountant/.

Let me know if you've got questions. 

Cheers.

Hi,

I filed 2017 GST return in January (my client was way behind when I took over his books).

QBO automatically post JE to GST Suspense (debit) -$11,400. 

In February we received an assessment that CRA did not allow his ITC and let him pay $4,800 plus penalties.

I recorded his payment under bill - CRA as payee and under account Non-Refundable taxes thereafter penalties. But the GST suspense of -$11,400 is still sitting in this account.  am I going to do an adjustment JE of credit GST suspense and debit  Non Refundable taxes?

I just need confirmation if I'm doing this right.

Thanks,

Marg

Hello Margarett,

Filing your taxes accurately is important for your business. I'll be happy to help with your filings. QuickBooks Online offers an accurate sales tax center where you can keep track of your filings and record payments or refunds. Given the circumstances of your recent interaction with the CRA, I suggest calling our phone support team at 1-855-253-1536 and have one of our specialists take a closer look at your account. Our agents are available Monday to Friday, 9 a.m. to 8 p.m. and Saturday from 9 a.m. to 6 p.m.

Let me know if you have any other questions.

Hi, Quick question, so this means that when the payment for GST comes out of the bank and shows in my bank feed, how would I add this transaction? Previous bookkeeper had this amount on GST payable, but since it has been paid should not be a liability. Which Expense Account should I use to record this GST has been paid?. I was thinking credit Bank and debit GST/HST suspense but I am not sure about it.  Of course, the gst return has not being prepared at all for this year in QBO. Thank you so much

Hi there. I recommend contacting an accounting professional to find out more about which account to record the GST payable. 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 future discrepancies. Let me know if you have other questions. I'm here to assist. :)

Thank you! but, I got another issue now, I am the new bookkeeper for my client and looks like on the bank statements there was payments for last year taxes. Which Account would I record this expense? thank you so much