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user25364
Level 1

I am required to pay CRA my payroll taxes twice a month. How do I record this as QB only allows 1 payment per month?

 
5 Comments 5
Anonymous
Not applicable

I am required to pay CRA my payroll taxes twice a month. How do I record this as QB only allows 1 payment per month?

Hello,

 

Welcome to the QuickBooks community page. Submitting your payroll taxes according to the CRA schedule is important for your business. With QuickBooks Online, you can edit your payroll settings in a few easy steps. Here's how you can change the frequency of your payroll tax payments:

  1. Select the gear icon
  2. Under Your Company, select Payroll Settings
  3. Under Taxes, select Federal Taxes
  4. Select Change or add new frequency
  5. From the drop-down menu, select Up to twice a month (accelerated remitter - threshold 1)
  6. Select OK

If you wish to delete the monthly schedule, select Change or add new frequency again, then Delete on the right side of the Monthly (regular remitter) line.

 

To know more about QuickBooks Online Payroll, check this community page on how to turn on and set up payroll.

 

Let me know if you have any other questions.

CO55
Level 1

I am required to pay CRA my payroll taxes twice a month. How do I record this as QB only allows 1 payment per month?

How do you do that in QuickBooks Desktop?

Amanda-B
QuickBooks Team

I am required to pay CRA my payroll taxes twice a month. How do I record this as QB only allows 1 payment per month?

Hey there, CO55.

 

Thanks for reaching out to the Community for support. You can follow these steps for QuickBooks Desktop:

 

1. Head to "Settings"

2. Click on "Payroll settings" 

3. Select "Federal Taxes"

 

If you have any other questions, feel free to reach back out. 

hcarnduff
Level 2

I am required to pay CRA my payroll taxes twice a month. How do I record this as QB only allows 1 payment per month?

How is this done in QB Enterprise. I don't see any place for the payroll tax payment frequency to be set up.

Jayson_E
QuickBooks Team

I am required to pay CRA my payroll taxes twice a month. How do I record this as QB only allows 1 payment per month?

Hi there, hcarnduff.  

Currently, the option to set up a payroll tax payment frequency is unavailable in the QuickBooks Desktop (QBDT) Canada version. However, you can manually process payroll tax payments by selecting the specific date ranges for which you wish to pay.  
   

Here's how:    
   

  1. Navigate to the Employees tab, then select Payroll Liabilities
  2. In the Date Range window, enter start and end dates for the incurred liabilities, then click OK. (Ensure the dates are accurate as they are used for generating PD7A and Payroll Liability Balances reports).
  3. Click Pay Payroll Liabilities.
  4. In the Pay Payroll Liabilities window, select the To be printed checkbox for cheques, choose Chequing Account, and enter the Payment Date.
  5. Review the liability payment details and verify the Date range
  6. Select the liabilities you want to pay. 
  7. Optional, adjust amounts in the Amt. To Pay field if not paying in full.
  8. Once done, click Create
     

For more details about the process, please refer to this article: Pay or adjust payroll liabilities in QuickBooks Desktop
 
To ensure accuracy, you can also generate the Payroll Liability Balances report to review the liabilities before making the payment.   

  
If there's anything else you'd like assistance with or need further clarification, feel free to reach out.

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