In Wave Accounting, we cannot do only bonus payouts to the owner. E.g If I have never taken a salary and neither an owners draw and only want to take a bonus at the end of the year and file it on my T4, Wave Accounting will not let you do that. You have to mandatorily enter a salary and then one can enter a bonus. Basis this, I am planning to shift to Quickbooks Pro with Payroll. I wanted to check prior shifting that Quickbooks allows me to do the following :
a) Manage Owners Draw and offset with a bonus by the end of the year and pay all the deductions.
b) Allow me to only process bonus instead of Salary.
Many thanks for your assistance.
