Processing your GST/HST return

You can use the Process GST/HST Return feature to:

• view a report that displays the amount of GST/HST collected and paid and the difference
• create a copy of your GST/HST return so that you can manually transfer the numbers from the copy to the official form

The report includes transactions that contain GST/HST and are entered through transaction entry, point of sale and the general journal. All transactions containing GST/HST in the reporting period must be entered, or they won’t be included on the report. General journal transactions aren’t included in the Sales and other revenue section of the report.

You can generate a return for each reporting period (monthly, quarterly, annually, etc.). You should  back up your data file before generating the return because you can’t reverse it after it’s saved.

To process a GST/HST return:

1. Select Process GST/HST Return from the Taxes menu. The Process GST/HST Returndialogue box appears.
2. The Last remittance number and Last remittance date fields are automatically updated when you save the return. You can’t edit them. 
3. Enter the last day of the current reporting period in the Include GST/HST amounts before field or click the arrow and select it from the calendar. This date must be after the Last remittance date.
4. Click the Transaction List tab to view the transactions that make up the return, without having to generate the return itself.
5. Click Print to display your GST/HST return. Print it for your records.
6. Click Close to close the report. The Posting Information dialogue box appears showing the remittance information.
   Note: If you don’t want to save the GST/HST return, click Cancel to close the dialogue box without recording any changes.
7. To save the return, verify the customer or supplier listed in the Charge to field. Click to select a different contact to post the refund or amount owing to. 
8. Select the icon to add notes about the transaction. These notes appear on the transactions report.
9. Click Record to record the GST/HST return. The appropriate GST/HST ledger accounts are cleared and the refund or amount owing is posted to the selected customer or supplier. Print it for your records. You can also print it from the report console with other previously generated returns.
   Note: If you’ve saved a return for a reporting period and missed a transaction containing GST/HST, enter the transaction with its correct date to include it on your next GST/HST return. 
   Note: To enter a GST/HST refund, enter a deposit transaction offset with a receivable payment to the CRA – GST/HST receivable account. Click here for more details. 

Last updated on June 23, 2015 by FCC AgExpert