The WSIB Calculation on QB is $0.01 higher than the amount calculated on the WSIB website. Now my books won't connect the transactions. How to I fix this discrepancy?

Hi there kirk238,

it's important that all your transactions are entered correctly for your books to be well balanced. QuickBooks Online Payroll is a great tool to help you calculate pay for your employees for the hours they've worked for your company. I can point you in the right direction to edit that amount.

The amount of WSIB owed in QuickBooks is based on the amount calculated on the pay for that period covered by the payment. So in order to increase the amount in the Payroll tax section, you'd need to modify one of the cheques from that pay period to add $0.01. To accomplish this, a cheque would need to be deleted and recreated. There is information in this article on how to delete a paycheque if it was entered as a paper cheque, or if it was run as a direct deposit. Once deleted, you can then go to run the cheque again by clicking Run Payroll, then selecting the pay period, and cheque date. make sure you're running it a sa paper cheque to avoid creating a new direct deposit and paying them twice.

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