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January 15, 2021
Question

Is there a better Payroll summary report that would help with Covid subsidy reporting

  • January 15, 2021
  • 1 reply
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1 reply

PatriciaT
January 15, 2021

Hi donpaton,

 

Making sure your reporting is accurate is important in the running of your business. QuickBooks Online has developed several tools to ensure your recording and reporting of COVID subsides is precise. I'll be happy to share more on this. 

 

At the moment, the Payroll Summary by Employee Report is the only report designed to help you calculate the wage subsidy in the system. Feel free to check out this article to learn more on how to derive and record your subsidy: Temporary Wage Subsidy for Employers (10%)

 

I've also found this useful article to assist you with COVID-related boxes on your T4s: Online Payroll Year-End Centre

 

I hope this helps! Feel free to reach out any time.