My year end is October 31st. I started using QuickBooks online in 2019. When prompted to enter prior payroll deductions there is no option to split the amount that is for 2018 and that for 2019. My payroll expense will be accurate but my employees t4 for 2019 will be overstated. How do I fix this?
Thanks for reaching out. I’ll be happy to help you with your payroll setup. With QuickBooks Online, you can manage your employees’ wages easily and efficiently. In regards to the Payroll feature, it follows the calendar year and cannot be customized when entering prior payroll history. Since you started using the payroll in 2019, the data from the current year can be added, however the 2018 data cannot be included.
If you want to know more about the QuickBooks Online Payroll feature, check this community article.
Reach out if you have any other questions.
So with a non standard year end, is quickbooks payroll going to give me proper year end payroll summaries and correct t4’s going forward? Or do I need to find another companies software solution?
Hi there, Ryan.
As previously shared, QBO Payroll Services follows calendar year. You might need to look for other payroll service provider that supports non-standard payroll period.
Visit us again in the Community if you have other questions.