The powerful sales tax tracking features in QuickBooks Online are designed to help you save time, while consistently producing accurate returns. Paying tax instalments is a regular thing for many businesses, and QuickBooks is equipped with the tools necessary to make this easy. Typically, these instalments are shown on line 110 (Instalment and other annual filer payments) of your GST return. I'll be happy to assist you in recording this.
You can record GST instalments in just a few simple steps:
This instalment will be posted to line 110 of your return, reducing your tax liability for that period. For additional sales tax help, your accountant is your most valuable ally. You can easily invite yours as a user so you can work together. To find one in your area, simply head to the My Accountant tab in QuickBooks Online then click on Find a pro to help.
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Hi gracemah. I appreciate you reaching out to the Community. It' important you're able to enter the existing balance amount so that it appears on Line 110 when GST is filed. In order to enter amount which affect Line 110 you'd have to follow the steps provided above by my colleague. If you'd like expert advice on how to enter the amounts beyond the steps provided above, I suggest contacting your accountant. Doing this helps prevent any future discrepancies on your account. Let me know if you have other questions. I'm here to help steer you in the right direction.