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Hi JillH,
Currently within the payroll system there needs to be a Pay Schedule assigned to a Payrun in order of it to be processed.
That being said you can create a new Pay Schedule called 'Directors Pay' which despite it's frequency could be used at any time to allow these two directors pay to be processed together.
This can be done with the below steps:
Last step would be best to then assign the Pay Schedule to the two directors. Which you can do below:
Do this for both, then it will allow you to run this Pay Run, regardless of frequency and reporting wise it will assign the two directors under their own Pay Schedule.
Hope this helps,
-Steven
Hello JillH,
When it comes to the various pay schedules available, those will not lock you into using a particular frequency.
The main thing the pay schedules determine is the length of the pay period, and the PAYG calculations.
For that reason, you can use them intermittently as you need for the directors' pay. However, we recommend to refer to the ATO calculators for PAYG to ensure your directors are withholding the correct amount.
-Ken
Hi JillH,
Currently within the payroll system there needs to be a Pay Schedule assigned to a Payrun in order of it to be processed.
That being said you can create a new Pay Schedule called 'Directors Pay' which despite it's frequency could be used at any time to allow these two directors pay to be processed together.
This can be done with the below steps:
Last step would be best to then assign the Pay Schedule to the two directors. Which you can do below:
Do this for both, then it will allow you to run this Pay Run, regardless of frequency and reporting wise it will assign the two directors under their own Pay Schedule.
Hope this helps,
-Steven
Thanks Steven. I've looked at how to do that. It appears that I will still only have Weekly, Fortnightly or Monthly frequencies to select from. So if I select monthly but only make a pay in September and none in July or August, that won't matter?
Hello JillH,
When it comes to the various pay schedules available, those will not lock you into using a particular frequency.
The main thing the pay schedules determine is the length of the pay period, and the PAYG calculations.
For that reason, you can use them intermittently as you need for the directors' pay. However, we recommend to refer to the ATO calculators for PAYG to ensure your directors are withholding the correct amount.
-Ken
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