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Level 1

How do I set up a banked overtime system in quickbooks?

 
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Level 7

How do I set up a banked overtime system in quickbooks?

Hey craigntanner,

 

It's great to see you're looking to elevate the payroll experience even further. The payroll modules offered in QuickBooks Online are designed with convenience in mind, so they're focused on offering powerful features that streamline the process of paying your employees. These systems are optimized for the settings most common for small business owners, so you can be sure to start off on the right foot. 

 

The best way to keep track of banked overtime hours is by recording them outside of the payroll system. Using a journal entry makes it simple to select any two accounts, giving you full control over how your reports are affected. These can even be set up as unscheduled recurring transactions, so you can quickly create them at any time. Your most valuable partner in making sure this is done accurately is your accountant. 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.

 

Any feedback you submit about this is greatly appreciated. Your comments play an important role in focusing our development efforts, and shaping the future of QuickBooks. 

 

I've got your back. Let me know if there's anything else I can help you with.