Wage Subsidy - Unemployed Help Centre

Hey Zsozso,

The temporary wage subsidy is a great initiative to support businesses impacted by the current situation. This is a valuable benefit that makes it possible to continue paying your employees. We're still working with the CRA to figure out the best way to integrate this into your books. In the meantime, here are a few useful resources to help you get started:

• COVID-19 | CPA 
• Frequently Asked Questions – Temporary Wage Subsidy for Employers

Hope this helps! Feel free to reach out any time.

Hi,

Thank you for your prompt reply, but my question is not about that government's wage subsidy. Let me try it again: we hired a new employee through an unemployment centre and they are helping us with paying half of the wage of the employee for 6 months. I'm sending them the pay-stub and they are sending us a cheque with their part of the wages. I'm not sure how to put the cheque into Quickbooks. Can you please help me with that. 

Hello again Zsozso,

Thank you for clarifying. It's crucial for payroll to be recorded accurately, so I want to make sure you're given the appropriate advice. This is a question best answered by your accountant. They'll be able to assist you in setting this up correctly, without having a negative effect on your year-end forms. Check out our Find an Accountant page to find a QuickBooks pro in your area. You can enter in your postal code to find accountants near you, and filter for the product you're using.

Let me know how this goes.​​​​​​​

Hello @Zsozso ,

I have a similar situation.  I simply make a separate deposit for the cheque received and credit the wage expense account that the employee's wages are normally posted to.  Let's just assume, for the purposes of this example, that there are no payroll taxes; entry shown below is simplified:

Employee earns $1000.00

DR Wage Expense       1000.00

CR Bank                         1000.00

3rd party reimburses $500 on behalf of that employee.

DR Bank                            500.00

CR Wage Expense          500.00

This can all be accomplished in the deposit window.  Put as much detail as you need to be able to complete Finds and Searches on this data.  I would put Employee's name in the memo, or if you want to create a separate class for this type of transaction, populate the class field.

Hope this helps.