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Status Answered
Created by AgExpert Support
Created on May 30, 2022

Disqus Agexpert Accounting Questions Archive

Not sure how to explain this... On Agexpert my GST is showing I will need to pay. My accountant has instructed for me to file a nil gst return with CRA for this quarter and carry my amounts over to my next quarter so I can cancel out the amount I am having to pay.... How am I able to show this on Agexpert? Thank you.

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Jocelyne! When you record your next quarter GST, you will end up having a payable and a receivable and you will be able to clear them on the same transaction. Do your deposit amount as normal and then two lines: a PP line clearing the payable invoice and a RP line to clear the receivable amount as both of these totals will add up to your deposit amount.

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