I do bookeeping for a construction company and there is a subcontractor that gets his payment from us weekly and at the end of the quarter he invoices us for GST. I have opened an subsiquent account to the GST liability account to offset the amount. Is this OK?

Ontario goods and services tax, yes, you are going to have to do it that way. He should be invoicing you for GST with every billing though. He is getting a break by doing it this way, but on his own terms.

Insist he bill you GST with every invoice he sends you. That is the proper way to do it. He is making you do his paperwork for him.

Tick

Ok and I agree with you... thank you so much

Moeking