Add non-cash taxable to T4 after pay cheque already done for 2021

Hi Janet H,

Thanks for reaching out here.  QuickBooks offers a dynamic payroll module allowing you to pay your staff effortlessly.  I can see how your employee would benefit by having their T4 accurate.  I'd be happy to assist!

One of the benefits of QuickBooks Online Payroll is you can create a separate pay in cheque format and set the appropriate date in situations like this.  Here's how:

1. Select Payroll from the left menu and then Employees

2. From the ▼ dropdown beside Run payroll, choose Bonus only

3. Select As net pay or As gross pay and then Continue

4. Set the Date range and enter the Pay date

5. Click on DD in the Pay Method column and change it to Paper cheque

6. Enter the desired amounts and then Preview payroll

7. When ready, hit Submit payroll and then Finish payroll

You're all set!  The T4 will reflect the proper amounts.

If you have any other questions, please feel free to reach back out.  We'd be glad to help!

Thank you for the quick response but this would be paying the employee a non-cash taxable benefit.  All I need to do is increase Box 14 and Box 26.  I do not receive these amounts till the next year so I can not include them into their last pay for 2021.  I do not want to pay the employee.  Is there somewhere I can test this out without using live data?

Hi Janet H.  With the steps I provided previously for creating a paper cheque, the benefit would be that you wouldn't need to provide the employee with the cheque, but the taxable benefit would be recorded.  However, we do offer an account specifically for customer's to navigate through processes without affecting their own books.  I'd be happy to show you how!

From the Gear in the top right of QuickBooks Online, select Sample Company or simply follow this link.  I hope this helps!

I have tried the sample company but it won't let me setup payroll - gives me a 404 error.  Also, won't my bank be affected by creating the non taxable paycheque even if it not sent? 

I appreciate you for getting back, Janet. I can share with you some steps to isolate the issue you had when accessing the sample company file.

The error 404 usually happens when the web page you're trying to reach could not be found on the server. You can perform the basic browser troubleshooting steps to fix the issue. First, access the file through a private window. It's the best place to check browser-related issues while working with QuickBooks Online (QBO).

To save you time, use either of these keyboard shortcuts:

• Google Chrome, press CTRL  + Shift + N
• Mozilla Firefox: press CTRL  + Shift + P
• Internet Explorer: press CTRL  + Shift + P
• Safari: press Command + Shift + N

If it works fine using the private browser, open your account using the original browser and clear the browser's cache. You may also try accessing your account using another supported browser.

On the other hand, when processing paycheques your bank will be affected by the wages and taxes.  If the transaction is not yet sent from QuickBooks, then your bank balance will stay the same.

For additional resources, while working with your bank transactions in QBO, you can open this article: Process or run payroll.

And, here's how you can prepare and submit T4 slips: How to prepare T4 slips and summary.

If you have any other payroll questions, let me know by adding a comment below. I'm always here to help. Have a good one!

I have updated the subject line because I missed the point that this is a non-cash taxable benefit.  I need to add a small amount to the Box 14 total and Box 26 total which covers a taxable benefit paid to the employees throughout the year but is unknown until the end of the year.  Can this be done through QBO standard payroll?

I can open the sample files from QuickBooks.  I click on payroll on the left, then click on Set up Payroll, that is when I get the error 404 - page not found.

Thanks for posting here in the QuickBooks Community, Janet.

I want to ensure this tax concern for T4 posting concern is addressed. Since the problem persists after trying the solutions shared in this thread, we highly recommend contacting our Support Team.

Our agents can help report the error 404 concern when accessing the payroll menu to our engineers. They can also walk you through the steps on how to post the payroll items correctly to tax returns. Here's how to contact them: 

1. Go to the (?) Help menu, then select the Search tab.
2. At the bottom, select Contact us.
3. Enter the keyword Account Management and Billing in the What can we help you with? box.
4. On the next screen, scroll down to the Choose a way to connect with us section.
5. Choose Chat with us to initiate a discussion with a live agent.
   

I'm adding this related link for additional reference with T4 processing in QuickBooks: T4 and Relevé-1 forms

Post here anytime if you have other program concerns or additional questions about QuickBooks and payroll. Have a nice day!

Thank you for the information.  Once I receive the figures from my client, I will contact support for help adjusting the T4's.  In the meantime, I will contact "FEEDBACK" to let them know about the payroll error in the sample files.  (although I think they don't include payroll in the sample files).

Thanks again for looking into this problem for me.  Have a great day.