Need to make an entry that removes a small amount of CPP, EI, and Tax that were accumulated in the payable in error.

Question

There is a small amount of CPP EI and TX that were accumulated in error in the first week of January due to the way that I had to transpose the paycheques from one payroll file into the current Sage 50 Canada file. How do I best remove this, without attributing it to one employee? I was thinking I could make a dummy cheque, but who would the dummy cheque be for? If I make it for one person, that will make their 2024 T4 incorrect and it is not attributable to just one person. Do I do 10 dummy cheques, one for each employee? Oof. Should I just deduct that equal small amount from each employee on their next cheque to get rid of it? 
 Any ideas are welcome. 
 Thank you

Erzsi_I · Answer

Hi Bethmw , Thanks for reaching out. For correcting small amounts of CPP, EI, and Tax accumulated in error without attributing it to one employee, consider using the "Adjust Paycheque" feature in Sage 50. This allows for precise payroll adjustments across multiple employees, ensuring no one's T4 is unfairly affected. 
 Here's a concise approach: 
 
 Back Up Data : Always back up your data before making adjustments. 
 Adjust Paycheques : Navigate to Paycheques icon > Payroll Journal > Adjust Paycheque. This lets you distribute the correction across all affected employees. For detailed steps, visit: How to adjust a payroll cheque . 
 Tax Recalculation : Ensure taxes are recalculated during the adjustment to reflect corrections accurately. 
 
 For adjusting or reversing payroll remittances, the 'Adjust Remittance' feature simplifies correcting remittance amounts. Review the guidance for reversing and re-entering correct amounts through General Journal entries or the Make Other Payments option. It's crucial to verify remittance reports or year-end summaries for accuracy before CRA submissions. Detailed information is available at: How do I reverse or adjust a payroll remittance payment? 
 For complex scenarios or further assistance, contacting a Sage certified advisor or customer support is recommended. 
 Warm Regards, Erzsi

Sage 50 Canada

Need to make an entry that removes a small amount of CPP, EI, and Tax that were accumulated in the payable in error.

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