DESKTOP EDITION CLOUD EDITION SERVER EDITION GUIDES FORUM

GST Refund from ATO


#1

I have received a GST refund from the ATO. I have no idea where I am meant to put it. Could you please let me know what I have to do?


#2

Record Receive money transaction under Bank accounts tab and categorize the amount received to Tax payable account.

If it’s common that you receive GST refunds, you can go to Settings, then Chart of accounts and rename Tax payable account to GST refundable and change the category from Liabilities to Assets but this is completely optional.