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August 25, 2020
Question

As S corp, how do I transfer Owners Pay to payroll (employee) ongoing?

  • August 25, 2020
  • 1 reply
  • 4 views
I was paying my salary, incorrectly (?) categorized as Owner's pay, and now have payroll. Enrolled myself as employee, and setting up the salary. How do I transfer the Owner's pay to the payroll paid history?

1 reply

RenjolynC
Level 9
August 25, 2020

Hello, skylinemetalfab.

 

I'll provide steps on how you can record the owner's pay. If you have already added yourself as an employee and have not run payroll  in QuickBooks, you can follow these steps to enter the prior history.

 

  1. Go to Payroll > Employees.
  2. Click the employee's name, and select the pencil icon next to Pay.
  3. Under Step 8, How much did you pay [employee] this year?, select +Enter [year] prior pay details.
  4. Select the time period you got paid. Depending on your answers, use the reports and pay stubs you gathered to enter how much you've paid yourself so far this year in the Year-to-date totals as of today columnNote: If you have missing items, you will need to set up all pay types, deductions, and company contributions as applicable.
  5. Make sure to include all types of compensation, deductions, taxes, and company contributions. If you're in quarters 2 - 4, enter the amounts you paid the employee for previous quarters in the Year-to-date totals as of [date] column.

  6. Follow the on-screen instructions to complete the historical data.

Once done, repeat the same steps to your other employees. I've got this article for reference: Set up a prior payroll for QuickBooks Online Payroll

 

Otherwise, reach out to our Payroll Support Team. They can pull up your account and enter the historical data if you no longer see the option in the Pay section.

 

Before doing so, please check out our support hours here. Then, follow these steps:

 

  1. Click the Help icon located in the upper right-hand corner.
  2. In the Help window, click the Contact Us button located at the bottom.
  3. Enter your question and click Let's talk.
  4. Choose either Start a chat or Call us.

Please let me know how it goes. I'm always here to help.