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Client started using QBO Jan 2018. He paid his GST/PST remittance in 2018. Since we just started in Jan 2018 how can we enter the 2017 GST/PST collected in a lump sum and GST/PST paid in a lump sum so we can apply the payment to these accounts to zero the 2017 taxes off.
Solved! Go to Solution.
Let me walk you through with entering the GST/PST payment, efemontreal.
First, let's create an Other Current Liability account. Here's how:
Next, create a sales tax item. Here's how:
Then, add the sales tax item to a sales transaction. Here's how:
Lastly, here's how you can apply the payment:
That'll do it. Of course, you can come back anytime if you need further help.
Let me walk you through with entering the GST/PST payment, efemontreal.
First, let's create an Other Current Liability account. Here's how:
Next, create a sales tax item. Here's how:
Then, add the sales tax item to a sales transaction. Here's how:
Lastly, here's how you can apply the payment:
That'll do it. Of course, you can come back anytime if you need further help.
I have now used this same solution (I followed the whole thing step by step, using an invoice and cheque payment) for the same problem ... now I have a customer (Receiver General) which is weird in itself but not critical, but I have it as a "customer" with an outstanding balance of the amount of the remittance payment ... how do I get rid of this? Thank you.
Hi there. I want to make sure you get the help you need with this. I recommend contacting our support team so they can take a closer look at your account. Please use this link for the contact details.
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