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

You can record and track payments your firm makes to CRA.

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.
6. For Amount, in the Total Paid field enter the remittance amount.
7. Check the Calc checkbox if you want the system to calculate tax based on default tax rates set.
8. In the split section use the drop-down in the Account field to enter the account. 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
     
     Note

     If you try to select the default tax GL, the system will not accept it. Your accountant or bookkeeper can offer guidance as to which account to put on this line.

9. If you need to zero out your tax accounts, create the necessary journal entries.