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info-abalancedbo
January 4, 2024
Question

How can I do a payroll PIER review and make adjustments

  • January 4, 2024
  • 1 reply
  • 0 views
Apparently the EI that is taken from the employees is set at 1.4 % and cannot be adjusted. My client was PIER reviewed last year because of it. I have an excel file that I can dump the information into and it will calculate the adjustments I need to make so that it is correct and will not trigger a PEIR review but I'm not sure that is even an option in this software. Has anyone done this before?

1 reply

A
Alex M
January 4, 2024

Hi there info-abal,

 

Thanks for reaching out about your deductions. QuickBooks Online is a great tool able to help you pay your employees for the hours they've worked. I can provide some information about editing payroll.

 

Within QuickBooks Online Payroll itself, there isn't a toll to help calculate for a PIER review, What you can do is find some reports with yearly totals, such as the Payroll summary by employee. You can use those totals to help you calculate the amount you want to adjust outside of QuickBooks Online.

 

Once you have the amount you want to adjust, and want to add this amount to their next pay's deduction, when clicking on Run payroll in the Employees tab, you'll find the page where you enter the employees' hours. Once done, after clicking on preview payroll, click on the icon that looks like a magnifying glass on a page located next to net pay, where you can adjust the pay and deductions for this paycheque by clicking on the text boxes.

 

If you have any other questions, feel free to reach out here.

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