Record NIL GST return and holding ITC's

Hi Shauna_S,

Welcome to the Community. QuickBooks is a powerful program that helps you manage your work with peace of mind. I'll be glad to share more info so you're on the right track with your work.

Recording your transactions properly is an essential step for maintaining clean books. To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on this. If you're not in contact with a professional, don't worry, you can search for one using this link here. Otherwise, feel free to check out this article here with more info on how to: File your sales tax return and record sales tax payments in QuickBooks Online.

Feel free to keep us posted on how you make out. I'll be one message away.

James, I'm not sure how to do this in QBO as there was no clear answer anywhere I looked on just recording a NIL return (essentially closing the filing period and carrying forward my ITC's).  Do I just leave the filing period open in QBO and close it with the next one (showing a filing period twice as long in QBO but still having accurate amounts).  Unfortunately, the accounting professionals did not create the QBO program, so they are unable to help me resolve this question.

Hi Shauna,
I am sorry, I don't have an answer for you but thought I should add my voice to this discussion as I, too, would like to know how to deal with claiming less ITCs than QBO shows as available in a period. I have also been unable to find the answer to this for, as you pointed out, the accounting professionals didn't create the program and the help files only deal with the most straightforward tax remittance situations.