Historic Payroll and owner (self incorporated) expenses that have already been paid
Hi I wonder if someone can help.
I've been using wave for a couple of months as a self incorporated business in Alberta, Canada.
What I have been doing is paying myself $2k/bi monthly. Now I have offset a lot of this as operating expenses using CRA mileage etc. Now I have the remainder to offset. I havn't used the payroll part of wave yet, I've started to but was wondering how to do historic payroll bearing in mind that in the payroll it wants to just know the historic amounts of amount paid and taxes etc.
i can find that out using CRA's Payroll Deductions Online Calculator, but how do I do these transactions in Wave. The transactions that have already been done I can work out CPP/EI etc, although I also need how to reflect that payroll is owing because I can't get the net amount to quite equal $2,000 on CRA's Payroll Deductions Online Calculator yet! But how do I show these expenses in wave. The payroll plugin will do it automatically for new payroll but how do I do it for old?
i imagine I have to do manual expenses to pre-existing payrol accounts but I'm not too sure.
Thank you to anyone who helps, this is confusing me just a little bit.