Thank you for reaching out, BCTrucking19. Please note that the compensation types available in QuickBooks Online Payroll Canada are Hourly, Salary, and Commission only. To set up an employee’s daily salary using these options, you must manually calculate the daily rate amount by the number of hours worked or by the weekly, monthly, or annual salary period.
Here's an example calculation of each compensation:
Hourly: $375 ÷ 8 (employee working hours per day) = $46.88 per hour.
Weekly: $375.00 (Daily Rate) × 5 (Days per week) = $1,875.00 per week.
Monthly: Based on a standard 260-day work year ($375 × 260 = $97,500.00), the monthly salary is $8,125.00 ($97,500.00 ÷ 12 months).
Yearly: $375 (Daily Rate) × 260 (Days) = $97,500.00 per year.
Then go to Payroll>select Employees> open the specific employee's profile. Click the Edit (pencil icon) in the Base pay section, choose a Compensation type, and enter the amount based on your manual calculation for that specific pay type. This will result in the employee being paid the equivalent of their daily rate.
Please don't hesitate to leave us a response if you have other questions or concerns.
