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Remit GST or HST using the Purchase Invoice module

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Summary

Use the Purchase Invoice module in Sage to record and remit Goods and Services Tax (GST) or Harmonised Sales Tax (HST) balances accurately.

Description

You can remit GST or HST by recording the balances of the tax accounts in a purchase invoice. This clears the amounts owed and ensures accurate reporting.

Resolution

  • Record the balances of the GST / HST Paid on Purchases and HST Charged on Sales in the Purchase invoice
  • You can open the Chart of Accounts to view the balances as of the latest transaction day or go to Reports, Financials, Trial Balance and select the required As at date
  • In the example below, they are account 23100 GST Charged on Sales and 23150 GST Paid on Purchases with GST Net owing of 11181.82

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  • Enter the balances of the accounts in the purchase invoice and click Process

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  • The accounts should be cleared afterwards

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DocLink: How to do non-payroll remittance?