I was told that when entering hours in Intuit Online to enter minutes as a decimal, ie. employee works 18 hours and 20 minutes enter as 18.20. It doesn't appear that the pay is being calculated correctly, that the pay is being calculated as a decimal instead of minutes. Has anyone else experienced this? Should I be entering the pay as a decimal? So instead of entering 18.20 I would enter 18.33 converting the 20 minutes to a decimal? Thank you for your help!
When we enter the hours worked of your employee in the paycheck, we'll have to take note that we need to convert first the minutes into decimal. This way, Intuit Online Payroll will be able to calculate the pay accurately.
Example: One of your employees worked for 10 hours and 30 minutes and has an hourly rate of $10. Instead of directly entering 10.30 in the Hours field, we'll have to convert first the 30 minutes into decimal which is .50. Then, we can now enter 10.50 for the total hours. By doing this process, the program would yield $105 for the total pay.
Think of the time from 1 to 100 instead of 1 to 60 minutes. 15 minutes is .25, 30 min is .50, 45 min is .75. Then break down odd minutes in between. If you enter 30 minutes it is akin to them working like 20 minutes not half an hour.
I find it incredibly hard to conceive that being the leader in accounting and payroll that Intuit Quickbooks is that we can not toggle the decimal calculation to an hourly calculation with the click of a button. I just want to make sure that i can not "set" QB to understand that i would like the calculation to read minutes rather than having to print up a conversion sheet and manually covert every employees time.