How to remit PST

Steps

1. Print PST Reports, include Exception Reports, for the period that is being remitted.
2. Print Transaction Listing by Account for the PST Billed/Collected general ledger.
3. Review reports for errors, make any adjustments as necessary.
4. Enter a G/L Adjustments or Journal Entries to record the clearing of the PST Billed/Collect (2056)  and the Income (for the commission) account (4020), to the PST Payable (2060).
   1. General Ledger accounts are listed as the default, your firms accounts may be different.
5. Write General Cheque to the PST Payable for the remittance.