How To Record Hst Refund In Simply Accounting at Lawrence Konopka blog

How To Record Hst Refund In Simply Accounting. What you are forgetting is that when you sent in your report to cra, you made a debit entry to the gst/hst payable for the amount of the refund. In this case, the company abc can make the journal. Some accounting software such as quickbooks will allow you. Click record to record the entry. The process of regular hst. From the report menu, choose display sales transaction detail to check the entry. The amounts remain in the gst accounts until you record payment of the refund. Record a gst or hst refund. Barbara how do you record a general journal to show a refund of hst in the situation where the hst form has been. You charge 13% hst on your sales. Accounting for hst refunds as income. A refund should be posted back to the hst payable account to keep it in balance. If you’re a company registered to collect hst what the process is: If you have not already done so, create a customer record for the government department that issues the refund. The refund money is transferred directly from the vendor to the company’s bank account.

GST / HST setup for Provinces Simply Accounting Tutorial
from www.simply-accounting-tutorial.ca

Record a gst or hst refund. Accounting for hst refunds as income. Barbara how do you record a general journal to show a refund of hst in the situation where the hst form has been. The refund money is transferred directly from the vendor to the company’s bank account. The process of regular hst. If you’re a company registered to collect hst what the process is: A refund should be posted back to the hst payable account to keep it in balance. Click record to record the entry. If you have not already done so, create a customer record for the government department that issues the refund. What you are forgetting is that when you sent in your report to cra, you made a debit entry to the gst/hst payable for the amount of the refund.

GST / HST setup for Provinces Simply Accounting Tutorial

How To Record Hst Refund In Simply Accounting The amount the government owes you should be shown as a. The refund money is transferred directly from the vendor to the company’s bank account. The amount the government owes you should be shown as a. From the report menu, choose display sales transaction detail to check the entry. The amounts remain in the gst accounts until you record payment of the refund. Barbara how do you record a general journal to show a refund of hst in the situation where the hst form has been. What you are forgetting is that when you sent in your report to cra, you made a debit entry to the gst/hst payable for the amount of the refund. Add up all the hst collected from sales. Accounting for hst refunds as income. A refund should be posted back to the hst payable account to keep it in balance. If you have not already done so, create a customer record for the government department that issues the refund. Record a gst or hst refund. The process of regular hst. You charge 13% hst on your sales. Some accounting software such as quickbooks will allow you. If you’re a company registered to collect hst what the process is:

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