QB Manual Payroll 1

 

When the monthly payroll tax is due on the 15th of the month after the payday:

1. Create both CPP-Company Expense & EI-Company Expense under Payroll Expense.

2. Open the Write Cheque window again and select Receiver General as payee.

3. In the Expense tab > Account column, select CPP-Company Expense just created and enter the amount.
4. Move to the next row, select EI-Company Expense and enter the amount (1.4x$56.40).
5. Move to the next row, select CPP-Employee Liability and enter the amount you entered when you issued the paycheck without minus sign.
6. Move to the next row, select EI-Employee Liability and enter the amount you entered when you issued the paycheck without minus sign.
7. Move to the next row, select Income Tax-Employee Liability and enter the amount you entered when you issued the paycheck without minus sign.
8. The cheque amount, the total of all the above, is the payroll tax due to government.

 

QB Manual Payroll 2