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sales224
sales224
December 18, 2022
Question

One time payment yearly payroll

  • December 18, 2022
  • 1 reply
  • 0 views

I have an IT guru that I pay at the end of the year.  He wants me to pull his EI and other taxes.  I set him up last week.  The only option I could find was for commision as salaried employees were paid out as per their salary, whether it was weekly, biweekly or monthly
I use QBO essentials with their standard payroll.  
Right now, as I ran payroll for everyone but him on Dec 16, it is showing I still need to run it for that payday. I didn't check his name.  Usually each pay cycle everyone gets a check.
Could I possibly just do a journal entry for him?  If so, could someone share a screen shot?  Ontario, 40K gros wage for the year, no EI as he doesn't reside in Canada but does want his CPP pulled as he is a CAD citizen.

1 reply

J
JamesM4
December 19, 2022

Hi sales224.

 

Thanks for reaching out to us here. When it comes to managing your assets, QuickBooks is the go-to program that enables you to manage your work with peace of mind. I'll be happy to share more info so you're on the right track with your work. 

 

In order to accurately record your transactions, I highly recommend consulting an accounting professional for expert advice. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Let me know if this info helps. Otherwise, you're more than welcome to ask other questions in the comments below.

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