HI, I am rebuilding a year for a friend, and all she has is the print out of journal entries for the year and the bank statement. I am doing ok for everything but the payroll
I need to input in the payroll module, but with only the journal entries I can't get any paycheque to work. Everything works except I am stumped with what I am entering as the CPP Payable and EI Payable, as they calculate the EII Expense and CPP Expense. but can't figure out a formula that works. I know that the CPP is half of what is the Credit when posting in the payroll module, but how do I figure out what figure I need to multiply the EII by to get the correct figure.
EX - Debit Credit
5300 Wages 660.96
5310 EII Expense 17.40
5320 CPP Expense 26.05
1070 Chq account 573.19
2310EII Payable 29.83
2320 CPP Payable 52.10
2330 Income Tax Payable 49.29