How To Process A GST/HST Return

What you need to know: 

A GST/HST return is used to report GST/HST you have collected and paid, along with your sales and other revenue, to the Canada Revenue Agency (CRA). Depending on the outcome of the return, you may have a balance owing or be eligible for a refund. 

The GST/HST return includes: 

  • GST/HST amounts entered through transactions and general journal entries. 

  • Unclaimed GST/HST amounts up to the end of the reporting period. 

  • Sales and other revenue transactions recorded during the reporting period, including sales of capital assets. 

When you complete a GST/HST return, AgExpert Accounting generates either a receivable or payable invoice, allowing you to record the payment or refund at a later date. 

Note: Depending on your province of residence, you may submit GST or HST.  For purposes of this document, the term GST/HST will be used, but you will only see one of them in AgExpert Accounting. 

What you need to do: 

  • Ensure your GST/HST registration number is entered into the system. 

  • Confirm that your GST/HST reporting period is set up correctly. 

  • Complete all your sales and purchase transactions for the return period. 

How to (Step by Step): 

To complete a GST/HST return: 

  1. Click Taxes. 

  2. Select GST/HST. 

  3. Click Process a new GST/HST return. 

  4. Verify that the Start Date and End Date are correct. 

  5. Ensure a contact has been chosen in the Summary section. 

  6. Verify the numbers in the Revenues and Balance sections. 

  7. Click Review to view all the transactions that are being fed into this report. 

  8. Once you are confident that the information is correct, click Complete GST/HST Return. 

To print a GST/HST return: 

  1. Click on the three vertical dots on the line of the report you wish to print. 

  2. Select Print report. 

  3. Click the Printer icon. 

  4. Confirm your printer settings and click Print. 

To reverse a GST/HST return: 

  1. Click on the three vertical dots on the line of the report you wish to reverse. 

  2. Select Reverse return and confirm by clicking Reverse return. 

    Note: Once you reverse the newest GST/HST return, you can then reverse the next most recent return. 

References and Additional Resources 

Still have questions? Contact support  

Contact us at 1-800-667-7893 or email support@fccagexpert.ca if you require additional support. You can find other help options under the Question Mark Icon in the top right of AgExpert Accounting at any time.