How do I code ATO payments made this Fin year for LY? We just started QB so there is no current liability for this.
I have just made payment to the ATO for around $8k. This includes Last Year Q4 BAS and several adjustments. Within that payment is GST owed, PAYG Withheld and PAYG Instalments. I started using QB in August so there is no current liability for this. If I need to make a journal entry exactly which accounts do I use and how do I balance the entry?