Q: Can you tell me how to add the GST/HST amount to the GST/HST Payable and have it show up on the GST/HST Report. The accountant has given me a number of Journal Entries to enter for the End of Year Accounting, but the GST/HST Report is not showing these entries. Please advise.
A: You would enter the transaction as a journal entry as instructed by your accountant, but the tax portion of the entry would NOT be entered as a journal entry. Instead, you would enter the tax portion as a zero dollar ($0.00) Operating Out transaction with the GST/HST amount.
For more details, please refer to a quick video and document on the Soluno.Legal website.
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