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office268
Level 1
posted
‎February 19, 2022 07:36 AM
last updated ‎February 19, 2022 7:36 AM

GST Record Payment, how to change for which month?

Due to the Pandemic, we had to shut down our operations for the past two years, during which period we had no sales, so no GST Payment - nil returns. Now, after two years, we reopened and paid our GST for Jan 2022. But when i try to record this payment, the tax period is continuing from where i left off - March 2020. I can't find any settings to change Tax Filing period manually. I hate being struck with Quickbook and wish I can find somebody to move all my accounts back to Tally!
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1 Comment 1
MichelleBh
Moderator
Moderator
‎February 19, 2022 08:49 AM

GST Record Payment, how to change for which month?

I want to make sure you're able to record your January 2022 taxes on QuickBooks, @office268. It's nice to hear you have reopened your company.

 

That's not the experience I want you to run into on QuickBooks Online. I have a way to change the start of the tax period so that you can record the payment accurately. 

 

To get started, proceed as follows:

 

  1. Go to the Taxes tab and select GST in the drop-down. 
  2. Click Edit GST drop-down and choose Edit settings. 
  3. In the Start of tax period field, pick January. 
  4. Hit Save. 

 

After that, you may now record your January tax payment. Complete the steps below: 

 

  1. On the Taxes page, choose Payment history.
  2. Select the Record payment button.
  3. Fill in the required fields (bank account you're making the payment from, payment date, and amount).
  4. Click Save. 

 

Visit this link to troubleshoot tax payment issues if you can come across: Manage GST payments in QuickBooks Online.

 

Furthermore, read these articles to learn about the different GST reports and how to display GSTIN on invoices: 

 

 

Do you have other concerns about your QuickBooks account? Include them in the comments section below, and I will respond as soon as possible. May your business flourish, office268.

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