How to enter holiday amount in payroll and not by hours?

gdesotto · ‎September 09, 2019

Kristine Mae · ‎September 10, 2019

There will be no difference, Gdesotto1. I'll explain why.

Both payroll items are taxable and will be reported in the same fields in the Annual tax forms.

I've added screenshots of both items' tax settings, so you'll know they have the same taxability.

I'll also provide the reference about the taxability of payroll deductions and pay types. This will show you what's taxed and what's not when you create paychecks for your employees.

Tag me if you have more questions about payroll items. I'll get back to you as soon as I can.

View solution in original post

Anonymous · ‎September 10, 2019

Hello, gdesotto.

The Statutory holiday pay is turned on automatically in your QuickBooks since it is mandated in Canada. Though, this pay type is calculated per hours.

If you want to enter the amount directly, you can use the Other Earnings instead. Here’s how:

From the left menu, select Employees.
Select the employee by choosing their name.
In the Additional pay section under Pay, select the edit pencil beside Pay.
Select the Other Earnings check box.
You can also change the pay type title by clicking the pencil icon next to it.
Select Done.

Please check this out for additional insights about Pay Types in QuickBooks Online payroll: Pay types overview.

Let me know if there’s anything else I can help you with your QuickBooks.

gdesotto1 · ‎September 10, 2019

What would be the impact in Quickbooks (tax, accounting entries, etc) of using "other earnings" as holiday pay?Or there would be no difference?

Kristine Mae · ‎September 10, 2019

There will be no difference, Gdesotto1. I'll explain why.

Both payroll items are taxable and will be reported in the same fields in the Annual tax forms.

I've added screenshots of both items' tax settings, so you'll know they have the same taxability.

I'll also provide the reference about the taxability of payroll deductions and pay types. This will show you what's taxed and what's not when you create paychecks for your employees.

Tag me if you have more questions about payroll items. I'll get back to you as soon as I can.

gdesotto · ‎September 10, 2019

Ok thank you so much :)

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How to enter holiday amount in payroll and not by hours?