cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Want an expert to help you set up your QuickBooks Online? Find out how: Click here

Reply to message

View discussion in a popup

Replying to:
Kass_B - Product Champion
Content Creator

Reply to message

Hi brad57,

 

GST payments to the ATO are recorded to your Balance Sheet rather than your Profit and Loss. Any GST collected from sales and paid on purchases are shown on your tax reports, not the actual GST payment you remit to the ATO. We would encourage you to reach out to your accountant or bookkeeper or refer to the ATO for further clarification on what makes up a business expense.

 

-Kass