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vpuia
Level 2

How do I categorize cra payroll deductions in qb self-employed?

 
5 Comments 5
JamesM
QuickBooks Team

How do I categorize cra payroll deductions in qb self-employed?

Hi uservasile-puia,

 

Categorizing your payroll deductions the right way is a good exercise for preventing errors in your books. I'd be happy to steer you in the right direction so you can manage your business with ease. 

 

To ensure accuracy in your books, I recommend contacting an accounting professional to get more info on recording the transactions. Doing this will ensure you categorize your payroll deduction properly on your account. If you're not in contact with an accounting professional, I encourage you to search for one on our website using this link here. I'll leave this question open in the Community so other members can chime in and share their advice. 

 

In the meantime, feel free to ask other questions below. I'm here to steer you in the right direction. 

vpuia
Level 2

How do I categorize cra payroll deductions in qb self-employed?

Thanks for replying back but that’s a general answer like a copy/paste. Please first have a look at the categories that are in the self employed app and tell me how do I categorize a cra payroll deduction. It’s easy to jump the gun and reply without relating to the the subject.
 Thank you 

PatriciaT
QuickBooks Team

How do I categorize cra payroll deductions in qb self-employed?

Hi uservasile-puia,

 

It's important to me that you can properly categorize your transactions. Here at the community, we're dedicated to offering you the best technical support to make it easier for you to navigate in the program. When it comes to which categories to select for transactions in your books, we recommend reaching out to your accountant as accountants are incredible resources to ensure everything is lining up correctly for your business needs. Feel free to also review this article to assist you in your task: Categorize transactions in QuickBooks Self-Employed

 

All the best to you!

 

vpuia
Level 2

How do I categorize cra payroll deductions in qb self-employed?

That’s not the answer I’m looking for. I can find “how to” links in google, tons of them. 
I’m wondering if you know the categories and how to categorize the CRA PAYROLL DEDUCTION for MYSELF as a self-employed. This app is for self-employed people, right? Make it work for them! Don’t send me other links, this is not a payroll transaction!!! So I don’t need QB online or Payroll, etc. It’s a simple payroll section which is a tax that needs to be deducted properly. I hope you’re aware that the category list can’t be editable/customizable. 
Looking forward to hearing the best response from you guys! Ty

LauraAB
QuickBooks Team

How do I categorize cra payroll deductions in qb self-employed?

Hello uservasile-puia,

 

I've read through this thread so far, and I hear what you're saying about how you're simply looking to categorize your payroll deductions in QuickBooks Self-Employed. You're right, this version of the program is for self-employed professionals and there are only a certain number of categories available in the program and adding or editing isn't currently available.

 

When it comes to payroll taxes when you're self-employed, these are typically handled when you're working on filling out your income tax return during tax season. During that time, you'd fill out your self-employed income and then work out the taxes you need to pay. If you're working with a program like TurboTax, it can even keep that even simpler by doing the calculations for you.

 

That being said, you may not even need to be entering payroll deductions while you're working with QuickBooks Self-Employed because it's taken care of when filing taxes at the end of the year rather than throughout. To clarify how you should be collecting and accounting for your CRA payroll deductions, I strongly suggest connecting with an accountant as my colleagues have mentioned or even contacting the CRA or visiting their website.

 

As tech support team members, we can walk you through how the program works, such as the steps to create a transaction by clicking Add transaction in the Transactions tab, then clicking Select a category to choose and assign a category to the transaction. We cannot, however, advise you on which category to pick as we're not trained in accounting. Having the right details for these transactions is vital, so we leave that kind of advise to professionals who have that training. If you do need to include your CRA payroll deductions in your books in QuickBooks Self-Employed, it could be as simple as picking Other business expense or Uncategorized, but as for which is the more appropriate of the two, I can't say.

 

There may be other users in Community who aren't a part of the QuickBooks Team that can help, but for more immediate assistance, don't hesitate to use one of the other resources we've mentioned.

 

I hope that helps clarify the situation and I'm wishing you the best with this.

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