When using the accrual method, GST is payable on all sales for which you have received an invoice during the period, even if you have not received the actual payment. But on the other hand, you can also claim GST even on unpaid expenses upfront.

How do you record accrued expenses with GST?

When bill received, you will charge it to the expense account with the GST associated. Then, pass a journal to debit the accrued expenses and credit the expense account.

Do you include GST in balance day adjustments?

Interest of $250 on a term deposit was earned at year-end, although collection of the interest was not due until the following year. There is no GST implication on Interest Revenue on a term deposit.