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IHateQ80
Level 1

I am having problems setting up the holiday pay. I can set the premium, but not the manually calculated lump sum required per pay period. Can someone help?

QBO is not correctly calculating overtime and holiday pay. I have set overtime and the holiday premium as job classes with the proper rate. However, with the holiday pay itself, I have to manually calculate it which is not to difficult, but I cannot find a way to put it into the payroll. Its a one lump sum and not a fixed rate. Can someone help?
4 Comments 4
Angelyn_T
QuickBooks Team

I am having problems setting up the holiday pay. I can set the premium, but not the manually calculated lump sum required per pay period. Can someone help?

Hi there, @IHateQ80. I'm happy to help you enter a lump sum holiday pay into your employee's payroll.

 

In QuickBooks Online (QBO), you'll be able to track the calculated holiday pay rate by adding a new pay type from your employee's profile. From there, enter the desired rate, then add the hours when running payroll.

 

To add a new pay type:

 

  1. Click on Payroll at the left pane, then select Employees.
  2. Tap on the employee's name, then go to the number 4 How much do you pay your employee? section.
  3. Select the pencil icon, then click on the +Another hourly pay type link.
  4. Enter the Pay type (Holiday-LumpSum) and the Rate per hour.
  5. Hit Save.

 

Once you process payroll, the payment type will now be added to your employee's pay.

 

For more tips about handling holiday pay in QBO Payroll, check out this link: How to add statutory holiday pay as a pay type.

 

Additionally, here's how you can get more resources about employee's vacation hours: Vacation policies for QuickBooks Payroll (QP).

 

If you have any other follow-up questions while recording payroll in QuickBooks, let me know by adding a comment below. I'm always here to help. Have a good one!

IHateQ80
Level 1

I am having problems setting up the holiday pay. I can set the premium, but not the manually calculated lump sum required per pay period. Can someone help?

Angelyn did not read the question or did not understand it. This is not useful.

Trish_T
QuickBooks Team

I am having problems setting up the holiday pay. I can set the premium, but not the manually calculated lump sum required per pay period. Can someone help?

Hi IHateQ80,

 

Thanks for reaching out here.  QuickBooks Online Payroll is a dynamic program for paying your staff with confidence.  I can see how you'd benefit from having the option to add the holiday pay as a lump sum.  I'd be happy to provide the information you need so you're on the right track with your work.

 

QuickBooks Online currently doesn't have a way to enter the holiday pay as a lump sum.  As mentioned in your initial post, you'll need to calculate the amount and then convert it into hours to be entered into the holiday field when running payroll.

 

If this is something you'd like to see moving forward, you can submit a suggestion to our Development Team.  Your recommendations are greatly appreciated and will be considered for feature updates, to provide the best overall customer experience with QuickBooks Online.

 

If you have any other questions, please don't hesitate to reach back out.  We'd be glad to assist!

Selina-Bilyk
Level 1

I am having problems setting up the holiday pay. I can set the premium, but not the manually calculated lump sum required per pay period. Can someone help?

I need to have as an option in payroll for Hourly Construction employees, to have 3.6% General Holiday Pay added to each paycheque.

Currently I can only had stat holiday pay in hours and not as a percentage.

 

Is this a possibility?

 

Thank you

 

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