Payroll liability period does not match payroll period

Hi owright,

QuickBooks Online makes tracking and paying your payroll liabilities an easy task as it tracks the amounts for you automatically. I'd be happy to go over payroll liability payments with you.

In QuickBooks Online the way payroll liabilities payments are set up based on the payroll pay date and not the payroll schedule. If you wish to change the payroll liabilities pay date to be in may you'd need to have your pay date in April.

If you wish to have the ability to customize your payroll liabilities payment date in QuickBooks Online I recommend sending feedback to our developers by following these steps:

1. Select the Gear icon at the top, then Feedback.
2. Enter your comments or product suggestions. Then select Next to submit feedback.

Once the developers receive your feedback they'll look into ways to possible add it in future updates.

If you have any questions feel free to reach back out to us and we'd be happy to help!

Hi Nick,

Thanks for the reply. I'm not able to move the pay date into the same month as the pay period because the timesheets are not complete at that point. 

Is there actually no way to alter the liability period to match the payroll period without moving my pay date into the payroll period? If anyone actually follows QBO's schedule, they would be one month behind on source deductions and incur penalties from the CRA.

Hi owright,

I appreciate your concerns about this and would like to clarify the options in this instance. What my colleague mentioned about needing to move the pay date into the month of April if you want the remittances to be due in May is correct. This, however, is not a QuickBooks Online directive, but something directly from the CRA. This means, that you won't be late if you're following the way that QuickBooks Online is set up since it follows CRA guildelines.

The How and when to pay (remit) source deductions – Due date article from the CRA website goes into this at length, including giving the following Regular remitter example from the Examples of remittance due dates section.

Yasmina is a regular remitter. On January 1, she pays an employee for December of last year. Since she pays this remuneration in January, the CRA must receive her remittance, by February 15.

 

I encourage you to read that article to get a full scope of this information. If you have further questions or concerns about this, I recommend speaking with the CRA directly to discuss your pay periods and remittance schedules.

I hope this has helped!

Thanks for clearing that up! My apologies, it seems like I was a bit mislead with my understanding of the CRA's requirements. I was under the impression that the source deductions reflected the payroll period, not the pay date.

Have a great day!

Not a problem! I'm happy to have been able to shed some light on this. I know how important it is to get these details right, and that sometimes the information can be a bit confusing. As long as you're back on track, that's the important part. :)

I hope you have a great day as well!