cancel
Showing results for 
Search instead for 
Did you mean: 
kmranjith
Level 2

When I do a GST payment in part for a Particular Month, why is the part payment so made is shown for the subsequent tax period when it should be for the same tax period

 
3 Comments 3
CharleneMae_F
QuickBooks Team

When I do a GST payment in part for a Particular Month, why is the part payment so made is shown for the subsequent tax period when it should be for the same tax period

I'm here to ensure the period of your payments is the same, kmranjith.

 

To ensure that the period is similar, you'll have to record the payment on the Taxes page. I'll guide you how.

 

Before we proceed, I suggest deleting the payment with a different period in the Payments History tab. Then, let's recreate a new one.

 

Here's how to delete the payment:

  1. Go to the Taxes menu.
  2. Select the Payments History tab.
  3. Click the drop-down menu under Action.
  4. Choose Delete.

 

Then, we can now recreate a new payment and then record it. Here's how:

  1. From the Taxes menu, select Payments History.
  2. Click Record payment.
  3. Enter the information used in the deleted one.
  4. Click Save.
  5. Once done, choose the Returns tab.
  6. Click the drop-down menu under Action.
  7. Select Record payment.
  8. Enter the amount.
  9. Click on Save.

 

Additionally, I've included an article that will help you match the tax payments with online banking transactions. This is to ensure your books are accurate: Record Tax Payments and Match Them with Bank Transactions.

 

Lastly, you can click on View reports to keep track of your data in QuickBooks Online.

 

You can always find us here in the Community if you have any other concerns or follow-up questions about GST payment. Our assistance will be sent right away.

kmranjith
Level 2

When I do a GST payment in part for a Particular Month, why is the part payment so made is shown for the subsequent tax period when it should be for the same tax period

Hi

 

Thanks for the reply. But this doesnt solve my problem. Let me give you an example of the problem I'm facing. Say there is a GST due for the month of August to the tune of 95000. I do a part payment say in September for 60000 and the balance 35000 in October. I record this payment of 60000 in September and 35000 in October. No problem till now. But when I look at the Taxes I realize it doesn't consider the 35000 for August while it adjusts 35000 for October dues. Is there a way to ensure that the 35000 gets adjusted only against the August dues and not the October dues?

 

Will look forward to your reply

 

Ranjith

ReyJohn_D
Moderator

When I do a GST payment in part for a Particular Month, why is the part payment so made is shown for the subsequent tax period when it should be for the same tax period

Let me get you back on track, @kmranjith.

 

I have some information on how to manage your GST in QuickBooks.

 

First, let's check the date of transactions associated with the 35,000 tax amount. It might be the date was set for October. Thus, QuickBooks adjusts the GST payments to the said month and not August.

 

Then, let's ensure to use the correct date when recording your GST payments. Here's how:

 

  1. Go to the Taxes menu.
  2. Select the Payment history tab.
  3. Review the Tax Period column.

If you need to make some changes, you can delete and then recreate the said payment. To do that, you can follow the steps given by my peer above.

 

If you're still having the same issue, I recommend getting in touch with our support team. They have the tools to check your account securely and perform a viewing session if needed.

 

For the old "Help" menu interface:

 

  1. Click the Help (?) icon at the top.
  2. Choose the Contact Us button.
  3. Type your issue or question on the What can we help you with box: "Correct GST payments adjustment due dates."
  4. Proceed with the Let's talk button.
  5. Select the Start messaging option.

For the new Help menu:

 

  1. Click the Help (?) icon at the top.
  2. Type Talk to a human.
  3. Enter your issue or question on the What can we help you with box: "Correct GST payments adjustment due dates."
  4. Choose I still need a human.
  5. Select the Start messaging option.

To view and make sure your GST records are accurate, you can run some reports in QuickBooks Online. To do that, go to the View reports drop-down, and then select the desired report from there.

 

I'm always around to help if you have additional questions about managing your GST payments in QuickBooks. Have a good one.