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R
rsteeves
January 6, 2020
Question

Year end review (PIER)

  • January 6, 2020
  • 1 reply
  • 0 views

Is there a report available in QuickBooks (desktop version) that allows for a reasonably quick way to check whether sufficient CPP & EI has been deducted? (PIER Review)

1 reply

L
LauraAB
January 6, 2020

Hello rsteeves,

 

Making sure your employees have the right amounts deducted from their paycheques is a good way to keep on top of your books. While QuickBooks Desktop's payroll program uses information based on the government's latest tax table calculations, there's no harm in double-checking that these numbers are calculating correctly.

 

QuickBooks Desktop has a number of great payroll-related articles that you can access by choosing Reports from the top toolbar and Reports Centre from the menu that populates. Depending on how much of a breakdown you need, something like the Employee Earnings Summary could do the trick as it shows a summary of deductions, including CPP and EI, for each employee. I recommend looking through the available reports to see what works best for you.

 

I encourage you to review the Customize reports in QuickBooks Desktop article to learn more about how to narrow down the information you're seeing on your reports. There's also an article specific to employee and payroll reports you can review here: Customize payroll and employee reports

 

I hope that helps! Enjoy your week.

J
Johanus
February 21, 2023

That's kind of a non-answer type of answer. Yeah, we can run reports. But how can we be assured that QB is actually calculating the correct amounts? The reports show how much is deducted.. great. So now we have to calculate these by hand, when the whole point of paying for a payroll program is so that we don't have to do that?

Yes, one of my clients got a PIER review from CRA that showed that there was a total shortage of over $600 deducted for just 5 employees. This tells me that QuickBooks calculations are incorrect. I'm not too pleased about that!

    R
    rsteevesAuthor
    February 22, 2023

    Johanus, I totally agree that this was a non-answer type of answer.  I gave up asking about this a couple of years ago.  If Sage can produce a PIER review type report, I really don't see why Quickbooks can't.

     

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