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How do I record a GST instalment payment so it shows up on line 110 of my GST report?
Hi Brad, We don't auto-populate line 110. If you have made installment payments you will need to manually record that amount for box 110 when you submit the report. There are a few ways you can post the installment payment in AgExpert Analyst. One would be to enter a Withdrawal and offset that with an A- line to your Prepaid Items account; then enter a negative Payable Charge to your GST/HST Payable Supplier for the same amount and then use A+ and your Prepaid Items account. This would show as a negative amount on your Accounts Payable Supplier so that when you go do do the Payable Payment, you can use that negative invoice to make everything balance properly. Another option would be to enter a Withdrawal and offset that with a D- line to GST Collected account. This will show up as a transaction on your next GST return and show up in box 103. Either way, you'll need to remember to fill in the amount for 110 manually when you actually make the submission.