Gross Bonus calculation

Hi Judy,

Welcome to the Community. QuickBooks is a powerful program that helps you to manage your accounting with ease. I'll be glad to share more info so you're on the right track with your work. 

Calculating your transactions the right way is essential for ensuring your books remain accurate. That said, I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

Let me know if this info helps. I'm here to steer you in the right direction.

Thanks for replying.  Actually I was hoping to hear from other Pro Advisors monitoring this community.  The problem is mainly with one employee.  Her annual salary is $96,000.  She's had one bonus so far of $10,000 gross and this new bonus is going to be for $11,000 net.   Her regular monthly cheque is for $5,877.57

(EI Exempt).  so her cheque including the bonus should be in the amount of $16,877.57   In order to get close to this net amount (using Quickbooks or the CRA PDOC)  I have to set the gross bonus at more than $20,000.

It just seems high to me.