cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Experienced Member

Redundancy payments

How do I account for a redundancy payment in Quickbooks online?

Solved
Best answer 06-29-2018

Accepted Solutions
QuickBooks Team

Re: Redundancy payments

Hi Jadzey,

 

Thank you for contacting the Community.

 

On PaySuite click onto the employee to open the Employee Settings page. Click the Leaver tab and enter the reason for leaving and the leaving date for the employee and click Save. The employee will then show as Inactive on the employees list with the option to Download their P45.

 

Click the down arrow next to Download P45 and click Payment After Leaving. You will then be taken to the Variable Input screen. Under the Payments (NON-TAXABLE) section you can select Redundancy (Non Taxable) and and then add in the payment. Click Save Changes and the redundancy payment will then show on the payslip for the leaver.

 

Please let me know if there is anything else I can help with. :)

3 REPLIES 3
QuickBooks Team

Re: Redundancy payments

Hi Jadzey,

 

Could I please confirm whether you are using our Payroll system to do this? If you are could I also check which version you are using if you have PaySuite this will show Powered by PaySuite in the top right of your Payroll if not you should see Payroll and Employees at the top of your Dashboard you will have QuickBooks Online Payroll? If you are not using Payroll you could use a standard expense. Please let us know and we can help you further.

 

Please let me know if there is anything else I can help with.

Experienced Member

Re: Redundancy payments

I am using the 'Powered by PaySuite' in Qbooks online. 

QuickBooks Team

Re: Redundancy payments

Hi Jadzey,

 

Thank you for contacting the Community.

 

On PaySuite click onto the employee to open the Employee Settings page. Click the Leaver tab and enter the reason for leaving and the leaving date for the employee and click Save. The employee will then show as Inactive on the employees list with the option to Download their P45.

 

Click the down arrow next to Download P45 and click Payment After Leaving. You will then be taken to the Variable Input screen. Under the Payments (NON-TAXABLE) section you can select Redundancy (Non Taxable) and and then add in the payment. Click Save Changes and the redundancy payment will then show on the payslip for the leaver.

 

Please let me know if there is anything else I can help with. :)