Employees & Payroll
Recently active
Original commenter did not share additional details
We recently raised a funding round and a secondary round was included which allowed employees to sell back some of their employee stock options to the company. We are a Canadian Controlled Private Company and the sale of the employee options is a cashless transaction so they qualify for the 50% reduction (25% for Quebec) on the taxable gains. We have been advised that these gains should be paid out via payroll as they are considered to be employment income (due to the nature of the transaction) but we are having trouble working out how to process these through Quickbooks Payroll. Has anyone had experience with this and can advise on how we need to process these payments through Quickbooks payroll so that they are taxed correctly and also hit the required boxes on the T4 at the end of the tax year?
Emails are sent from QuickBooks Online Payroll to my admin email, as well as an accountant email who no longer has access to our account. Their firm is not listed under the "Accounting Firms" in my "Manage Users" section, nor are they set as a user. I have no idea how they are still receiving payroll notifications by email.
Our employees recently received a pay rate increase. Is there an easy way of changing the hourly rate of pay (as well as the overtime rate) associated with all 65 employees? Not looking forward to having to manually change 2 rates for all employees... And have to do it all again next year when thier wages go up again ...
We have given day off on Aug2 - Civic Holiday. As an employer do we have to PAY for this day, is it a PAID Day off? I was thinking of NOT Paying, since we given day off already. Do i Have to pay or my option NOT to PAY? It's confusing for me, as I have searched and read various website. So please help me clarify.Thanks
Going to change to non QB payroll direct deposit. Thus I need to get the direct deposit info for each employee.
Hello,We switched over from Sage 50 to Quickbooks online at the beginning of the year. While most of it is pretty intuitive it does take a little getting used to. We decided at the beginning of April to subscribe to the Payroll module. I have managed to successfully set up all of our employees and it has been working fine. The problem I am having is with regards to reconciling my bank account. How do I enter the paycheques that were issued and have cleared the bank from before we set up the payroll module? We waited to enter them and I am now catching up. I have entered the amount that the employees were paid into the correct places when I set them up. I don't want to end up having their pay entered twice as I try to get my bank account to reconcile.I hope that this makes sense.Essentially, the bank account shows the paycheque as having cleared the account, how do I get it so that this is reflected in QuickBooks online when I do my bank rec?Thanks in advance,Sonja
I downloaded this journal from Wagepoint which I use for Payroll.
When I set up the payroll in QBO, I choose to pay subcontractors. I need to pay several subcontractors. I want to pay them by direct deposit like other employees without withholding tax and CPP and EI.
Does QB Payroll Canada have the functionality for employees to fill out their vacation used directly into QB?
In our construction business, the employee's work hours are usually 9 hour days so they work 45 hours/week. They are paid by the hour and are not unionized. When they take vacation pay, do I give them 9 hours/day to match their workdays or do I stick with 8 hours which is a normal work day? I'm thinking 9 hours but I want to make sure.Also, same scenario with stat holidays. My boss wants me to give 8 hours for stat holidays. Any thoughts or legalities around this? Thanks
Quickbooks Desktop I could just add a new account with this 'Detail/Type' dropbox. But in quickbooks online this is not allowed
