Completing payroll remittance

The payroll remittance process:

• generates a report with all payroll transactions and deduction amounts that must be remitted for the selected period
• clears the deduction liability accounts
• posts the remittance amount to the selected accounts payable supplier

To remit your payroll:

1. Select Payroll Remittance from the Payroll menu. The Payroll Remittance dialogue box appears.
2. Enter the following:
   Type of remittance – Select one of the following deduction types:
   • CRA (source deductions)
   • Quebec (source deductions) – Enter a value between 0.0 and 100.0 for the Health Services Fund rate. The remittance calculates the Health Services Fund payable amount based on this rate.
   • WCB/CSST – Separate remittances will appear for each month and province for employees making WCB contributions in different provinces.
   • Use deduction tag – Select a deduction tag from the list.
   Remittance for the month of – Select the remittance month. Only months with outstanding payroll transactions will appear in the list.
3. Click Generate. The payroll remittance report appears. Print it for your records. After the remittance is recorded, you can view it and the other previously generated payroll remittances from the report console.
4. Click Close. The Record remittance dialogue box appears, displaying the following:
   • Total remittance – This displays the amount that will be posted to the accounts payable supplier.
   • Health Services Fund rate – This displays the Health Services Fund rate.
   • Charge to - Click to select an accounts payable supplier to post the total remittance amount to. 

Note: If you’ve recorded the remittance for the month and missed a payroll transaction, enter the transaction with its correct date and run another remittance.

Last updated on June 30, 2014 by FCC AgExpert