I recently figured out that the personal tax credits aren't automatically updated when the calendar roll-over is done. I updated the credits, but since then I've opened prior paycheques to adjust the allocation of hours to projects. When I did that, it recalculated the taxes and the net pay for those paycheques has increased, but I can't figure out how to pay it out to our employees. The amounts have been put to the clearing account, but because the paycheques were previously paid Sage isn't recognizing that the paycheque has an outstanding amount to be paid and I can't figure out how to export the amounts owing to our bill payment service. Even if I wanted to print out a cheque instead I can't figure out how.
Can someone help me?
Are you talking about the whole 2017 year? If you are, I would just leave them as they were but adjust for allocations for projects. CRA will adjust accordingly for the individual's tax return if more tax has been taken off in the form of a refund.
No, it is just for the 2018 year.
I agree that it would be easier to just leave it, but I guess the problem is that the adjusted payroll is showing up in my clearing account and I'm not sure what to do with it (or where to move it to).
And not that it is going to add up to a lot of money, but I would really like to pay it out to the employees if at all possible.
On your next pay if I understand you correctly you have the amounts that are owing to each individual; then just adjust the taxes for the difference.
Thanks for your help. I was able to go into the paycheques and adjust the taxes to what they were initially.