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How to process a tax refund

When you receive a GST/QST refund, you must process it in the expense module of Proprio Expert Web.

WARNING All refunds must be entered on the last day of the quarter requested.

Example: For the period from January 1st to March 31st, you must enter the expense on March 31st. This allows you to reset the data for the next quarter.

Presentation of the case used as an example
For a given period, here are the results obtained:

  • GST received: $500
  • GST paid: $700
  • QST received: $600
  • QST paid: $900

Therefore, you will receive this refund from the Revenue Agency:

  • GST: $200
  • QST: $300

Here is how enter the refund in Proprio Expert Web.

1. Go to the “Accounting” tab and the “Expenses” subtab, and click on “Add.”

2. Select the supplier “Revenu Agency,” or create it by clicking on “+.”

3. Select the property that received the refund in the “Assignation” column, select the account “2030,” enter “GST Received” as the description, and enter the amount “$500.” Do not tick “Taxable.”

4. Click on “Add an item.”

5. Select the property that received the refund in the “Assignation” column, select the account “2035,” enter “GST Paid” as the description, and enter the amount “$-700.” Do not tick “Taxable.”

6. Click on “Add an item.”

7. Select the property that received the refund in the “Assignation” column, select the account “2045,” enter “QST Received” as the description, and enter the amount “$600.” Do not tick “Taxable.”

8. Click on “Add an item.”

9. Select the property that received the refund in the “Assignation” column, select the account “2050,” enter “QST Paid” as the description, and enter the amount “$-900.” Do not tick “Taxable.”

10. Click on “Finish.”

You have now processed a tax refund.