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December 5, 2023
Question

Entering Employer Gift Cards

  • December 5, 2023
  • 1 reply
  • 0 views

Employees were given a gift card for Christmas gift. How do I enter this in QuickBooks online as well as have it reflect on their next pay stub for tax purposes?

1 reply

December 5, 2023

Hi AQCReno,

 

It's great to hear that you've given your valued employees a wonderful gift this holiday season.  QuickBooks Online Payroll enables you to manage pay types, so the appropriate calculations are automatically applied.  However, when it comes to taxable versus non-taxable gifts, it's important to review the CRA guidelines, so you can select the best fit.  

 

If you're not certain, I recommend speaking with an accounting professional for their expertise and best course of action.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.  Click here to learn more about setting up non-taxable and after tax deductions in QuickBooks Online.

 

If you have any other questions, feel free to reach back out.  We would be glad to help!