After filing your QST return, you will either receive a refund from or will need to make a payment to Revenu Québec.

To record your QST refund

Under the Income tab in the menu column, select Transactions. Click on the New transaction drop down arrow to bring up the Deposit option

Alternatively, you can use the Quick Action Menu on the orange (+) banner and select Deposit.

Choose QST receivable as your customer, the bank account you want to deposit to, and the date that the deposit was made.  The reference is optional, but this can be a cheque number or the reference number from your bank account if on direct deposit.

Select (RP) Receivable Payment as your type.  Under Detail, select the return you received the refund for.  The Total will automatically be filled, but you can change the amount to match your cheque if it is different.

Click Save.

To record your QST payment

Under the Expense tab in the menu column, select Transactions. Click on the New transaction drop down arrow to bring up the Deposit option

Alternatively, you can use the Quick Action Menu on the orange (+) banner and choose Withdrawal.

Choose QST Payable as your supplier, the bank account you are paying from, and the date that the payment was made.  The reference is optional, but this can be a cheque number or the reference number from your bank account if on direct deposit.

Select (PP)Payable Payment as your type. Under Detail, select the return you are about to pay.  The Total will automatically be filled, but you can change the amount to match your payment if it is different.

Click Save.

Last updated on June 24, 2020 by FCC AgExpert