Sage 50 Canada

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Payment to CRA

Posted By jayney_7412 over 9 years ago

Good afternoon,

I have a contractor that is paid monthly. I have received a requirement to pay form from the CRA stating that all funds made to this contractor must be remitted to them. Is there a way to record the invoice in the name of the contractor but make the payment to the CRA but still clear the invoice when the cheque to the CRA is issued?

Thank you,

0 Keith L over 9 years ago

Hi Jayney_7412,

You may consider create a 2000 liability account called Garnishment just for this Contractor. Make this account a bank account so you can select it in the purchase invoice

When you do a purchase invoice, choose cheque or cash and then select this newly created Garnishment account. It will credit the Garnishment account and debit the expense and tax account.

When you need to to remit to CRA, you can do a make other payment by debiting fund from the Garnishment account and crediting the balance from your balance.

Hope this helps.
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Payment to CRA

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