HST Credits

by Christina
(Ontario)

Filing A GST Report

Filing A GST Report

Hi Lake, It's that time of year again. Wondering if you could help me with a problem.

In 2013 I overpaid my HST return by $52.29. CRA did not send me a cheque for the 52 dollars but just added it to my HST account and will apply it to what I own in 2014. I am going to file my HST return in QuickBooks and it is saying that I owe CRA $4150.67; however I really owe them ($4150.67- $52.29 = $4098.38).

If I send them a cheque for $4098.38 there will still be a discrepancy in QuickBooks of $52.29. How would I log the credit in QuickBooks so that my HST return line 113A actually states the correct amount of $4098.38. Thanks sooo much for your help.



section divider



Hi Christina,

My first thought was "Couldn't you just do the same thing but opposite of what you did to overpay the tax last year?"

Without giving this a lot of thought, I would think your GST report / account would show/include the overpayment. Therefore if you just filed your report and paid the $4098.38, everything should work out. But as you are asking the question, I'm guessing that won't work.

Are you sure your current period report doesn't reflect the overpayment? Please post back and explain to me how you overpaid and were not "out" in QuickBooks.

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Ask a Bookkeeping Question.

Share this page:
Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.

Enjoy A Tea Break With
Me Today. Let's Chat!

Use the search feature to quickly find the
information you're looking for.



SHORTEN
Your Learning Curve!

 



Warm up your tea cup and check out these chats ...

Click on image above to read the chat.








Join Me On Facebook

Help support this site by "liking" me! Here's where I post current information.

Listed Under Websites NOT Local Business.
This website is NOT associated with the business operating in Bonnyville AB.


A Handy Reference