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Level 1

HST on Installment payment



How can I track one-time HST payment? 


I bought a phone for business in installments over 2 years, but I paid the HST on the phone upfront. How do I track that HST? I use Quickbooks self employed. 



3 Comments 3
QuickBooks Team

HST on Installment payment

Hi Anz,


Welcome to Community!  QuickBooks Self Employed is a great program for tracking your business transactions with confidence.  You can easily track the HST for your device by running the associated report.  I'll be happy to help!


You can use the Transaction Log report to see the sales tax by province and each transaction by following these steps:


1. From the Gear icon, tap Reports

2. Select Transaction Log

3. Choose the Time frame, Transaction type and the email address where you want to send the report

To see the total GST/PST/HST paid and collected, run the Tax Summary report.

Note:  QuickBooks Self-Employed is a cash-based accounting software and therefore only includes income and expense categorized by transactions on the Tax Summary report.



If you have any other questions, please feel free to reach back out.  We'd be glad to assist!


Level 1

HST on Installment payment

Thank you for your reply, 


I don't think you understood the question. 


When I bought the phone I financed it over the course of 2 years. Meaning I will pay an instalment every month. Which is simple to track in QB Self Employed. 


The first payment I made for the phone was only HST on it. Meaning I paid the whole HST and that will not be added to monthly instalments. 


The question is how can I track that HST. Usually, I would just apply the tax to the amount but if I do that here it will only apply 13% to the HST amount and I need to be able to deduct 100% of that HST. 


I hope this makes more sense?

Nick K
QuickBooks Team

HST on Installment payment

Hi Anz.


I'd be happy to point you in the right direction to get this entered in your QuickBooks Self Employed account.


Based on how you're saying the payments were made it sounds like the easiest way to enter this would be with a journal entry. However, this isn't a feature that can be done in QuickBooks Self Employed. As this is the case I recommend reaching out to your accountant as they are trained in how to create these entries and what accounts it needs to go to. If you don't have an accountant no worries, we can help. You can go to our Find an Accountant page to find one in your area.


You can also upgrade your account to QuickBooks Online so you can enjoy features such as journal entries to make situations like this that much easier for you. You can even migrate your information from Self Employed to QuickBooks Online by following these steps.


If you have any questions let us know and we'd be happy to help.

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