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KF22
February 11, 2022
Question

Taxes

  • February 11, 2022
  • 1 reply
  • 0 views

I am a newer bookkeeper and looking for a little guidance...

 

I am reconciling an account for a client. He has made payments to CRA for Payroll Liabilities. His payroll is not set up for direct payment, so I am entering them as an expense out of his bank account.... are these exempt? or zero rated? when categorizing the expense?

Thanks for your help.

1 reply

N
Nick K
February 11, 2022

Hi KF22.

 

Welcome to the QuickBooks Community where all our members get together to ask questions and help one another out. Having your payroll liabilities entered and tracked to the right accounts is crucial to keep your books accurate. I'd be happy to point you in the right direction to get these entered into QuickBooks Online.

 

When trying to enter your liabilities into QuickBooks without the payroll add on I recommend reaching out to an accountant to make sure they are tracked properly. This is to prevent any issues with your books by making an incorrect entry. If you don't have an accountant you can find one in your area by going to My Accountant>Find a pro to help.

 

I'll also leave this post for any accountants to reply to that are in the community.

 

Have a great day!

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