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oxelsh
Level 1

How to enter stat holiday pay when migrating to QuickBooks

I switched from Wave to Quickbooks and my first pay period in QB runs from Dec 23 - Jan 5 with pay due on Jan 6. QB does not have my employees hours worked for the period prior to Dec 23 and so it is not calculating the additional stat holiday pay. 

 

How can I add this to their pay? Thanks for your help!

3 Comments 3
Alex M
QuickBooks Team

How to enter stat holiday pay when migrating to QuickBooks

Hi there oxelsh,

 

It's vital that all your employees be paid the right amount of hours. QuickBooks Online Payroll is a great tool able to help you calculate the pay for your employees based on the hours they've worked. I can point you in the right direction to pay out stat holiday pay.

 

In order to pay stat pay on a pay run, when running payroll, you'd need to add the hours you want to pay in the Stat holiday pay box. Here are the steps to do so.

 

  1. Go to the Payroll tab, then the Employees section.
  2. Click Run Payroll, then select the Pay period you want to pay from the drop-down menu.
  3. Enter the number of regular hours for your employees for the pay period, then in the column for Stat holiday pay, enter the amount of hours of Stat pay you want to pay for the pay period.

If you have any other questions, feel free to reach out here.

oxelsh
Level 1

How to enter stat holiday pay when migrating to QuickBooks

The employees did not work on the stat holidays. So when I enter any hours in the Stat Pay box, it merely multiplies the hours by their hourly rate. My understanding of stat holiday pay, is it is the total hours worked in the month leading up to the holiday, divided by 20. 

 

 

Alex M
QuickBooks Team

How to enter stat holiday pay when migrating to QuickBooks

Hello oxelsh,

 

Yes, the hours entered in the sta pay box are then multiplied by the hourly rate. You would need to enter the equivalent of the total hours divided by the number of days to make the average. Therefore the calculation would look something like this.

 

Let's say that you have an employee that works 40 hours a week, and they didn't miss any hours the previous 4 weeks. You would need to calculate the average hours per day worked, then divide it by amount of days for those 4 weeks, which would be 20.

 

  1. 40hrs x 4 = 160hrs
  2. 160hrs / 20 = 8hrs 

You would then need to take the 8 hours and enter it in the Stat pay box. 

 

Another example of this is supposing that you have an employee that works usually 20 hours a week but was out sick for a week.

 

  1. 20hrs x 3 = 60hrs
  2. 60hrs / 20 = 3

This employee would need to have 3 entered in their stat pay box.

 

I hope this helps.

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