How To Process a CRA Remittance
What you need to know:
The payroll remittance is designed to generate a report with all payroll transactions and deductions that must be remitted to CRA for a specific period. When saved, it clears the deduction liability accounts and posts the total amount payable as an invoice to the CRA - Payroll.
What you need to do:
Ensure all pay cheques are completed for your remittance period.
Confirm that all employee payroll amounts, deductions, and employer contributions have been calculated and posted correctly.
How to (Step by Step):
Click Payroll on the left menu and select Remittances.
Click New Remittance and select CRA (source deductions).
Confirm the remittance Period.
Note: AgExpert Accounting requires a remittance for each remittance period in your fiscal year, so you may have to complete one or more remittances with a total of $0.
Select CRA-Payroll as a supplier under the Clearing from accounts and posting to drop-down box.
Note: CRA - Payroll is a default supplier for new accounts, however if you have migrated your data from AgExpert Analyst you may have a different supplier to use in your contacts.
Click Review to see all pay cheques included on the remittance and the individual deductions that were taken from those cheques.
Review the Summary, Deductions and Gross pay numbers in the summary at the top.
Note: The Summary section indicates the amount owed to CRA for the remittance period.
Click Complete CRA return to record the remittance.
Note: Select Cancel at any time to return to the previous screen without making any changes.
References and Additional Resources
Still have questions? Contact support
Contact us at 1-800-667-7893 or email support@fccagexpert.ca if you require additional support. You can find other help options under the Question Mark Icon in the top right of AgExpert Accounting at any time.