by Penny
(Winnipeg, Manitoba)
Bookkeeper Yearend Wage Accruals and T4 Slips
It is year end and pp26 ran Dec. 4-17/2011 and was paid Dec. 22/2011.
As the tax return is on a cash basis this makes me understand that the last pay period in December which ran the 18-31 will not be paid till Jan 5/2012. These 2011 wages will become pp1 in 2012 and will carry into January 2012 when they are paid.
I'm thinking I don't want the Dec. 18-31 wages to show up on the 2011 T4 slip or summary but QuickBooks does not allow me to modify the T4Summary to Dec 17 which was the last pp in 2011.
Am I mistaken in how this works? I expected to close off the T4 Summary on Dec 17/2011. I expected Dec 18-31 paid in 2012 to be the first pp of 2012.
Comments for QuickBooks and PD7A
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