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fcchurch01
Level 1

How do I go back and change our new company business type set-up to "other" instead of "nonprofit"?

I chose nonprofit for the Business type when I set up our company, but I need to change it to "other".  I need to know how to get back to the company page I created.

Solved
Best answer December 10, 2018

Best Answers
qbteachmt
Level 15

How do I go back and change our new company business type set-up to "other" instead of "nonprofit"?

"Business Type" is a setting you select in the interview process, to give you two things:

Starting setup <== this is all in your file now, you add, delete, rename and refine

Tax line mapping <== this is based on the business Tax entity Type

There is no "going back" to the Interview. It controls Nothing. Everything is in your file.

If the issue is the Tax line Mapping, which is only a function of "I intend to import this QB data file into Turbo Tax or one of the other Intuit professional tax preparer programs" and it bothers you that it is the wrong tax form, you go to Company menu > My Company (or, it might show as Company Info; they keep changing the wording) and top right is a Pencil Tip = Edit. Change the Tax Mapping here for the Tax Entity type.

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5 Comments
qbteachmt
Level 15

How do I go back and change our new company business type set-up to "other" instead of "nonprofit"?

"Business Type" is a setting you select in the interview process, to give you two things:

Starting setup <== this is all in your file now, you add, delete, rename and refine

Tax line mapping <== this is based on the business Tax entity Type

There is no "going back" to the Interview. It controls Nothing. Everything is in your file.

If the issue is the Tax line Mapping, which is only a function of "I intend to import this QB data file into Turbo Tax or one of the other Intuit professional tax preparer programs" and it bothers you that it is the wrong tax form, you go to Company menu > My Company (or, it might show as Company Info; they keep changing the wording) and top right is a Pencil Tip = Edit. Change the Tax Mapping here for the Tax Entity type.

View solution in original post

NVLCCD
Level 1

How do I go back and change our new company business type set-up to "other" instead of "nonprofit"?

If it is due to the type of chart of accounts pulled in how do I change it?

Charies_M
Moderator

How do I go back and change our new company business type set-up to "other" instead of "nonprofit"?

Hello there, NVLCCD.

 

I agree with qbteachmt. You can no longer modify your Company's Business Type. However, you can change the Income Tax Form Used by clicking the new tax form from the drop-down list in the Report Information section

 

Here's how:

  1. Go to the Company menu.
  2. Choose My Company.
  3. Click the pencil icon from the Company Information.
  4. Select Report Information.
  5. Click the drop-down for Income Tax Form Used.
  6. Click OK.

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Also, may I know what do you mean when you say if its due to the Chart of Accounts (COA) pulled? Are you trying to change an account type from the COA accounts? If so, you can edit it by following the steps below:

  1. Open you Chart of Accounts.
  2. Choose an account and right-click to Edit Account.
  3. From the Account Type drop-down, choose the right account.
  4. Click Save & Close.

Any additional information would be much appreciated. Don't hesitate to leave a comment by clicking the Reply button below if you have other concerns.

lehightee
Level 1

How do I go back and change our new company business type set-up to "other" instead of "nonprofit"?

I have a question. I am a quickbooks online proadvisor and I have a client who has Quickbooks desktop Pro 2020.  This client is a 5013C so there should be no social security and medicare employer portion calculating. However, when we run payroll it's calculating SS and Med for employer and employee. I checked that the tax form is setup properly and it is.  

 

I don't know if the company type is set to 501 3C  so how can I turn off employer portion calculation for payroll?  I went to payroll item list and tried to uncheck the pastor from the list but it would not let me.

 

What is the best way to get their company and payroll setup for 501 3C so it does not calculate SS and Med taxes on their payroll ??

Thank you, 

Maybelle_S
QuickBooks Team

How do I go back and change our new company business type set-up to "other" instead of "nonprofit"?

Thanks for joining the thread, @lehightee.

 

We can only change the report information in QuickBooks Desktop, and it does not affect payroll tax calculation. We're unable to exempt the employer from the Med and SS taxes. We can exempt the employee, however, both taxes will not calculate on paychecks.

 

If they're not required to pay Medicare and Social Security, you can enter zero in the SS and Med field under the Company contribution part when you create a paycheck.

 

Feel free to browse this link on how to create a paycheck: How do I create a paycheck for an employee?

 

You can also check this article to set preferences for Payroll in QuickBooks Desktop: Set Preferences for Payroll.

 

Let me know if you have other questions about payroll. I'll be right here to help you out.

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