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Processing of a GST/QST refund

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When you receive a GST/QST REFUND, you must process this operation in the module Expenditure of the Real Estate Manager.

ATTENTION Any payment must be made on the last day of the required quarter.

Example: For the period of January 1 to March 31, you will have to pay the expenditure as of March 31. This allows to reinitialize the data for the next quarter.

Here is an example
For one period given, here are the results:
  • GST collected: $500
    • GST paid: $700 QST collected: $600 QST paid: $900

Therefore,you will receive this refund from Revenu Québec:
  • GST: $200
  • QST: $300

Record the refund in Real Estate Manager
  1. Go in the left menu, Accounting, Expenditure
  2. Add a new invoice
    3. Select Revenu Québec as the supplier Add the following information:
    • Description: Collected GST
      • Account: 2310
    • Amount: -$500
      • NON-TAXABLE (please deselect the tx checkbox if needed)
  3. Select in the right list the relevant building
  4. Click on the small diskette beside the Total in the middle of the window
    5. Add the following information:
    • Description: GST paid
    • Account: 2315
    • Amount: -$700
      • NON-TAXABLE (please deselect tx checkbox if needed)
  5. Select in the right list the relevant building
    6. Click on the small diskette beside the Total in the middle of the windowAdd the following information:
    • Description: QST collected
    • Account: 2340
    • Amount: $600
      • NON-TAXABLE (please deselect the tx checkbox if needed)
  6. Select in the right list the relevant building
  7. Click on the small diskette beside the Total in the middle of the window
    8. Add the following information:
    • Description: QST paid
    • Account: 2345
    • Amount: -$900
      • NON-TAXABLE ((please deselect tx checkbox if needed)
  8. Select in the right box the relevant building
  9. Click on the small diskette beside the Total in the middle of the window

See the link below on How to enter an expenditure.
Mots clés::  GST ,  QST ,  refund ,  receive