You can record and track payments your firm makes to CRA.
Note
This article assumes you are using the default GL Account names and numbers for the Tax Collected/Paid Accounts as the default GL accounts for Sales & Services Taxes.
Record a Remitted GST/HST Payment
To record a remitted GST/HST payment:
- From the left navigation panel, click Accounting.
- From the Accounting left navigation, click Bank.
- On the Bank screen, either double-click your operating bank, or single click it to highlight it, then from the toolbar, click Details.
- From the toolbar atop the operating bank’s Transactions screen, click Add > Withdrawal.
- On the Add Transaction screen, use the drop-downs to complete all required fields but the Payor and Amount fields, which require text entries.
- For the Amount field, enter the remittance amount.
- On the Account line, your options include:
- 2200 GST/HST Collected Paid
- 2201 GST/HST Collected Paid – GST/HST Collected GL
- A different existing GL account
- A custom GL account you created
Your accountant or bookkeeper can offer guidance as to which account to put on this line.
- If you need to zero out your tax accounts, create the necessary journal entries.
Note
If you are uncertain about the proper way to add a journal entry, speak to your accountant or bookkeeper.