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Record GST/HST Remitted to Canada Revenue Agency (CRA)

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:

  1. From the left navigation panel, click Accounting.
  2. From the Accounting left navigation, click Bank.
  3. On the Bank screen, either double-click your operating bank, or single click it to highlight it, then from the toolbar, click Details.
  4. From the toolbar atop the operating bank’s Transactions screen, click Add > Withdrawal.
  5. On the Add Transaction screen, use the drop-downs to complete all required fields but the Payor and Amount fields, which require text entries.
  6. For the Amount field, enter the remittance amount.
  7. 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.

  8. 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.

Updated on April 26, 2022

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