GST/HST Remittance calculates the amount due for the GST/HST Return. The owner record indicates how the GST/HST is filed. Review the GST/HST Return report and send it to the owners.
Owners that have self-selected for GST/HST Filing
Payments will have an accounts payable entry made out to the owner so that they can remit the payment themselves
Refunds will have a journal entry made to clear the GST/HST payable account as the owner will collect the refund themselves
Monthly, Quarterly, and Annual filers
Payments will have an accounts payable entry made out to the Receiver General
Refunds will have the accounts receivable entry made for the Receiver General
From the Task page click on GST/HST Remittance
Enter the GST/HST filing date
Enter the posting date
Click create
Review and adjust the amounts if desired
Click Post GST Remittance to record the remittance and clear the GST/HST payable account