Amending HST

Question

I have had to amend an HST remittance from last year. We originally received a refund now we owe. How do I record this? and what date would I use?

norapelagic · Answer

Depends on when you fiscal year is. Never enter anything with a date prior to your year end if you have already sent your year end to accountants. What does your balance sheet show for HST paid on purchases and HST charged on sales? How do you normally record your hst returns? I normally enter them as a purchase invoice so I can adjust them on each remittance

Sage 50 Canada

Amending HST

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