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Level 3

How can I record a sales tax instalment for a previous period? QBO won't let me to that. (HST isn't due until 30 days after the end of the period).

My year end was Oct 31. I just atarted using QuickBooks Online in Sept. I need to record my final HST instalment for the 2020 fiscal year, but QuickBooks Online doesn't seem to want me to do that. The "Filing Date" (which I assume is the date that is the end of the sales tax period) is set to 2021.
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QuickBooks Team

How can I record a sales tax instalment for a previous period? QBO won't let me to that. (HST isn't due until 30 days after the end of the period).

Hi allanri,

 

Making sure you're recording your transactions the right way is a good way exercise for keeping your books clean. I'd be happy to steer you in the right direction so you can get the assistance you need with this.

 

QuickBooks makes it simple to manage your taxes. With our powerful tax module, you can seamlessly navigate through it and get your work done faster. Historical Payroll Tax Payments do not post any debits or credits to the Chart of Accounts. If you need to record payments in your bank and tax liability/expense accounts, you can do so by creating expenses or cheques. To do this, click on the plus symbol in the top right of your QuickBooks Online account and select Expense or Cheque under Suppliers.

 

To create one of these payments:

  1. Select Taxes from the left menu.
  2. Select Payroll Tax at the top.
  3. Select Enter prior tax history.
  4. Select Add Payment.
  5. Enter the details of your payments, including the period start, end, and payment date. Be sure to include the breakdown of each tax type that you paid.
  6. Select OK.

Give these steps a try and let me know how you make out. I'll be one message away.