I have a rule for daily sales into the bank account - but how do I record the gst collected?

If you're recording daily sales into your bank account using a rule, and also tracking GST collected, we can use Sales Receipts or Invoice to record the sale, including GST. Here's how:
 

1. Go to + New in the upper left corner of your screen.
2. Select Sales Receipt.
3. Fill in the necessary fields.
4. Ensure the tax code is applied correctly to reflect the GST collected.
5. Save the Sales Receipt.
    

In Invoice, here's how to record your GST:
 

1. Go to + New, then select Invoice.
2. Fill in the fields.
3. Hit Save. This records the sale and GST collected, but it will show as unpaid until payment is received.
    

Once the customer pays:
 

• Match the payment in Banking or select Receive Payment from the invoice.
• Deposit the payment into your bank account.
   

If you're using a version of QuickBooks that supports GST tracking, you should see tax options when entering sales transactions.
 

When the bank deposit comes in, match it to the recorded transaction rather than categorizing it directly to ensure GST is tracked properly in your reports.
 

You can also refer to this article to learn how to record a GST Payment (BAS Payment) in the GST Centre, or record the payment when you don't use the Lodge BAS function in the GST Centre: Recording a GST payment (BAS Payment) in QuickBooks Online.
 

For guidance, it's always a good idea to consult with your local accountant or tax advisor to make sure you're following the tax rules in your area.
 

If you have any other questions or concerns about QuickBooks, let us know in the comments below.