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tmcculloch
Level 1

My employees receive 10% for vacation pay, this is included in their gross pay and then deducted taxed held in a union trust fund how do i show this pay pay stubs ?

 
1 Comment 1
PreciousB
Moderator

My employees receive 10% for vacation pay, this is included in their gross pay and then deducted taxed held in a union trust fund how do i show this pay pay stubs ?

Thanks for visiting the Community, tmcculloch.

 

You can set a vacation policy for your employees in which they'll be paid 10% of the gross pay each period. You'll also need to set up a deduction item for the Union trust fund.

 

I'll show you how:

 

To create a vacation pay policy:

  1. Select the Employees tab on the left menu
  2. Hit the name to open the employee details screen.
  3. Click the pencil icon next to the What is employee's vacation policy?
  4. Tick the radio button next to employee receives vacation pay each pay period (recommended for part-time employees) and enter 10 in the percent box.
  5. Hit OK.

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To create a deduction item:

  1. Follow the first two steps above.
  2. Then, hit the pencil icon next to Does P have any deductions or contributions? (ex. retirement, health care).
  3. Once you create a paycheque, you should have a field for vacation pay and Union trust fund deduction.
  4. Under Deduction/contribution type, select Other deductions and Union Dues under Type.
  5. Enter the needed details such as Description and Amount per pay period.
  6. Hit OK.

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Please check this article for the complete details about vacation pay:

If you have any questions or clarifications about QuickBooks, please leave a comment below. I'm always here for you.

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