How to record a refunded interest for HST GST refund

Hi Helen Spalony,

Welcome to Community!  Recording your your GST refund and associated interest in QuickBooks Online, is essential in keeping your records accurate.  For the best course of action, I recommend speaking with an accounting professional.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

Please feel free to reach back out, if you have other questions.  We'd be happy to help!

I have the same issue.  I don't see why it would have to be handled by an accountant. As administrator and sole user of QBO I should be able to make this adjustment myself.  I have seen other posts that say to undo the filing but I don't have that option in the drop down menu even though I am in accountant view.

I agree, Trish's response above is not helpful at all and is really "passing the buck" rather than owning the issue...this functionality should be a standard part of QBO!  

I have the same problem. There is no way to record the interest on HST rebates. Why can't this be fixed?

The work around I used was to record the refund as usual in tax filings but allocate to undeposited funds. Then I did a journal entry for the interest also to undeposited funds. I then did the deposit from undeposited funds to match the actual deposit amount in the bank.  Worked for me and I didn't need an accountant to figure it out.  

That's how I handled the same issue too. 

Thank you. I've set up two accounts. I called on HST Rebate & Interest rather than Undeposited Funds and the other as "Other Income" called HST Rebate Interest. Works great.