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jon25
Level 1

I file HST annually. How do I record an HST instalment payment?

 
1 Comment 1
RenjolynC
QuickBooks Team

I file HST annually. How do I record an HST instalment payment?

I have some steps that can help you record the installment, jon25.

 

You can either create an expense or cheque. You'll be able to create a sales tax payment for a specific date and that it will reflect on your Chart of Accounts.

 

To record the payment, you can follow these steps:

  1. Click the Plus (+) icon located in the upper right-hand corner.
  2. Under Suppliers, click Expense or Cheque.
  3. Select the supplier from the Payee drop-down menu and choose the Payment account.
  4. Select the Payment date, and choose Out of Scope of Tax from the Amounts are drop-down list.
  5. Under Category details, select the appropriate tax suspense account on the first line. This represents the tax to pay. For example, select GST/HST Suspense or PST BC Suspense.
  6. Enter the amount in the Amount field.
  7. Click Save or Save and close.

I'm also adding this article for your reference in filing the sales tax.

 

Please let us know if you need more help about sales tax in QuickBooks. We are here to help you some more. Thanks.

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