Canada: Record income tax by instalments each quarter
In Quebec, Canada, each quarter, I need to pay income tax instalments.
Can you provide a step by step guide on HOW TO RECORD this in QuickBooks?
I understand, the amount paid, will only show in Balance sheet.
It will not show on income statement.
Do I record yearly corporate taxes the same way? How aboutGST/HST AND QST payment, is it record the same way?