cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Everything you need to know about banking in QuickBooks Online - Discover more
lpickering83
Level 1

Can I show a daily pay rate instead of an hourly rate?

 
Solved
Best answer February 22, 2020

Accepted Solutions
Rea_M
Moderator

Can I show a daily pay rate instead of an hourly rate?

Hello there, lpickering83.

 

Right now, QuickBooks Online provides three ways on how you can pay your employees. You can select either to categorised them as salaried employees, hourly workers, or commission type. Showing their daily pay rate isn't currently an option.

 

For hourly workers, the pay rate is their wages per hour. For salaried employees, the pay rate is usually calculated by month or year.

 

To set the employee's pay rate, you can change their Pay type to Salary in their profile. 

  1. Go to the Employees menu.
  2. Select Employees.
  3. Choose the name of the employee.
  4. In the Profile tab, select the Employee details section.
  5. Select Salary in the Pay type section.
  6. Manually calculate the Pay rate per year.
  7. Click Save.

Once done, you can now run payroll and the paycheck will display the total salary of the number of days that your employee worked.

 

In addition, you can pay your employees through a commission by indicating the amount when creating your employee's paycheck.

 

To learn how pay rates impact your profitability, kindly refer to this article for complete details: What are pay rates, cost rates, and billable rates?. It also contains instructions on how to effectively manage your pay rates in QuickBooks.

 

Please let me know if you have other concerns. I'm just around to help.

View solution in original post

1 REPLY 1
Rea_M
Moderator

Can I show a daily pay rate instead of an hourly rate?

Hello there, lpickering83.

 

Right now, QuickBooks Online provides three ways on how you can pay your employees. You can select either to categorised them as salaried employees, hourly workers, or commission type. Showing their daily pay rate isn't currently an option.

 

For hourly workers, the pay rate is their wages per hour. For salaried employees, the pay rate is usually calculated by month or year.

 

To set the employee's pay rate, you can change their Pay type to Salary in their profile. 

  1. Go to the Employees menu.
  2. Select Employees.
  3. Choose the name of the employee.
  4. In the Profile tab, select the Employee details section.
  5. Select Salary in the Pay type section.
  6. Manually calculate the Pay rate per year.
  7. Click Save.

Once done, you can now run payroll and the paycheck will display the total salary of the number of days that your employee worked.

 

In addition, you can pay your employees through a commission by indicating the amount when creating your employee's paycheck.

 

To learn how pay rates impact your profitability, kindly refer to this article for complete details: What are pay rates, cost rates, and billable rates?. It also contains instructions on how to effectively manage your pay rates in QuickBooks.

 

Please let me know if you have other concerns. I'm just around to help.

Need to get in touch?

Contact us