We're glad to have you join the QuickBooks Online family! I'd be happy to show you how vacation works in QuickBooks Online.
QB Online only allows you to enter vacation hours and not the dollar amount. You’ll have to enter the employees accrued hours when you create their paycheques. And then, the total vacation hours will be deducted.
If you have not setup the vacation pay. Here’s how:
Then run the payroll, paying the accrued vacation:
To learn more about vacation pay, here are a few helpful article:
Give this a try and if you have questions, I recommend contacting our support team using this link.
When I set up the vacation pay rule, there was a place to put the existing accrual, and there is a box for hours and a box for $. That led me to think I could pay $ (as I did in Desktop).
So that is really not an option? I can work with that, but I'm surprised - and perplexed that it gave me a $ option in set up.
Hey New Orleans,
QuickBooks Online automatically keeps track of your vacation accruals, so you can easily pay them out at any time. This is typically paid out on your regular schedules as the hours are used. Year-end forms and ROEs are designed with this in mind. To pay out vacation in a lump sum, you can include it on the next pay run or create it separately on a previous pay run. I'd recommend speaking with your accountant about this, as they'll be able to make sure taxes are considered appropriately. You can easily invite your accountant as a user to approach this together. To search for a pro in your area, simply head to the My Accountant tab in QuickBooks Online then click on Find a pro to help.
Let me know how this goes!