Go to Solution.
There will be no difference, Gdesotto1. I'll explain why.
Both payroll items are taxable and will be reported in the same fields in the Annual tax forms.
I've added screenshots of both items' tax settings, so you'll know they have the same taxability.
I'll also provide the reference about the taxability of payroll deductions and pay types. This will show you what's taxed and what's not when you create paychecks for your employees.
Tag me if you have more questions about payroll items. I'll get back to you as soon as I can.
View solution in original post
The Statutory holiday pay is turned on automatically in your QuickBooks since it is mandated in Canada. Though, this pay type is calculated per hours.
If you want to enter the amount directly, you can use the Other Earnings instead. Here’s how:
Please check this out for additional insights about Pay Types in QuickBooks Online payroll: Pay types overview.
Let me know if there’s anything else I can help you with your QuickBooks.
What would be the impact in Quickbooks (tax, accounting entries, etc) of using "other earnings" as holiday pay?Or there would be no difference?
Ok thank you so much :)