Make a GST/HST Remittance

Pear Tree
2017-08-23 15:32

If GST on purchases for a month is larger than GST on sales:

Create a tax-exempt customer for the CRA.

Enter an invoice to the CRA from Finance, Receivables, Update, Invoice.  In the following example, the May closing balance (from the Trial Balance report) for GST on purchases is 15,000.00 and the closing balance for GST on sales is -13,000.00.

This creates a Receivable from the CRA, which you can apply the payment to when you receive it (using Receivables, Update, Payment).

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If GST on sales for a month is larger than GST on purchases:

Create a tax exempt vendor for the CRA.

Enter an invoice to the CRA from Finance, Payables, Update, AP Invoice.  In the following example, the May closing balance (from the Trial Balance report) for GST on purchases is 15,000.00 and the closing balance for GST on sales is -17,000.00.

Then pay the invoice using Finance, Payables, Update, AP Payment.

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