Hi, I use (trying, learning!) QB for bookkeeping for a Canadian charity. As such GST paid is 50% recoverable. I have entered this as a General Journal entry as an accounts receivable but do not know how or where I would enter the other 50%.
And is there a way QB can be set up so this would automatically be done?
Thanks, Bevin B.
DR GST recoverable (balance sheet, Other Current Assets) CR GST payable (should already be in your GL as a Current Liablility)
Stephanie
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