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June 15, 2021
Question

Doing my migration to QB and need to figure out EI totals. I only have lump sum numbers, and I need the employer amount broken out from that. Is there a formula to use?

  • June 15, 2021
  • 1 reply
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I have an EI monthly total of 466.48. how much of this is employer cost?

1 reply

June 15, 2021

Hi icelandconcrete-!

 

Welcome to the QuickBooks family. :) I'm so happy to hear that you're migrating to QuickBooks Online, and it's a good step to take to ensure that you've go the correct numbers to get started with QuickBooks Online Payroll. I can point you to some resources to get you going.

 

When you're setting up in QuickBooks Online Payroll and you need to add year-to-date amounts, the program asks you for the breakdown of these figures. I'm sure this is what you're seeing now and why you're looking to find out the EI amounts for the employer portion. There isn't a tool you can use in QuickBooks Online for this, however, there are CRA tools that may be able to help. Here are some links I've found.

If you need additional help beyond that, I recommend speaking with the payroll specialist or an accountant. To work with an accountant in QuickBooks Online, you can use the My Accountant tab to either invite you accountant as a user to your books or use that tab's Find a pro to help button to research QuickBooks-savvy accountants near you. Having an accountant that knows the program is a great asset as they'll be able to help you with tasks like the one you're asking about here and also help you work with your data in the program.

 

I hope this has been helpful. Here are some additional links about QuickBooks to get you started.

All the best to you!