All Non-Profits (government agencies) in Canada have to expense 50% of their GST and many of them have to allocate that cost to the GST account for each of the funds (gl segments) according to the expense detail line of each AP entry.

For example, if the rent invoice is a charged to rent for 5 different departments, the GST on that rent has to be charged to the GST expense account for those 5 different departments.

by: Kim D. | over a year ago | Financial Management