Comes down to how much your time is worth. The QuickBooks payroll add on would just make that easier and the journal entries would all go into the main books and deduct from the appropriate accounts automatically where you'll need to make those entries manually. The way you're doing it using the CRA tools to calculate deductions is probably fine for 3 employees since I believe the CRA tool lets you enter CPP deductions to-date as to not overpay. I just use it to track everything then export the accountant file once a year and let the accountant to the year end, GST and also T4's for employees (I have 2). I'm still on Quickbooks 2012 (no payroll) and it's working out perfectly. If you don’t use any add-on services like payroll or bank feeds, you can usually use your non-subscription QuickBooks. There will be no additional subscription fees while using the software for your business needs. No you will just be stuck at the version you purchase along with any updates they put out. Unlike buying a subscription from Intuit directly, a reseller can sell you the QuickBooks Desktop application as a one-time fee. Lake600 wrote: ↑I'm a new business owner with 3 employees, do I need to buy this every year? What's your suguestion on everything I need for tax and payroll? (I'm just using the CRA website for payroll decution and hand writing to record all the sale and cost for my business now.) Any advice will be greatly appreciated!
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