Neither QuickBooks nor Sage automatically calculate the adjustments to CPP or EI, you have to do them manually in those programs and override the amounts. It just doesn’t work as well as TaxCycle, and its more difficult to give to an lower level person to do reliably (then it has to be manually recalculated to check).
Here is an example of one client. We have a client uses Quickbooks Enterprise version (which we don’t have), they print T4s, distribute them to their 40 employees, there are five additional T4s for the shareholders which require automotive benefits which we calculate, and ensure are correctly recorded on their T4s, including applicable deductions. We reenter all 45 of those T4s in Quickbooks, adjust the five shareholders T4s and efile all 45.
I could, as was suggested in the forum, have the client print the Earnings summary to an Excel spreadsheet, manipulate the columns and import it. The Earnings report does not have all the information shown on the sample spreadsheet so I’m not sure how well that would work. The thing is, I would have to do that work. The reentry work is done by an entry level staff person, I check it and so that’s the way we would do it currently.
That client is the largest example but we do not produce or file any T4s in Quickbooks or Sage we reenter them all into TaxCycle because of the adjustments and because we prefer to use one overall system for preparing, checking and filing the slips.