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Employee loan deduction

How can I deduct a loan from an employee's payroll monthly instead of weekly?

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Best answer 02-11-2019

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Moderator

Re: Employee loan deduction

Thank you for dropping by, Adyn.

I'd be delighted to help you with deducting an employee loan every month in QuickBooks Desktop.

 

In order to deduct an employee's loan every month, you can set up other payroll items through their profile and manually enter the amount when it's time to take out the loan payment.

 

Here's how:

 

  1. Double-click the employee's name to edit.
  2. Click the Payroll Info tab and 
  3. Go to Additions, Deductions and Company Contributions and click Add New.
  4. Select Deduction and click Next.
  5. Select net pay and hit Next.
  6. Hit OK.
  7. When it's time to take out the loan, enter the amount.

You'll see some screenshots outlining the steps above.

 

If you'd like to go through this over the phone, you can call our dedicated team who will be happy to assist you. Our contact details can be found here along with our opening hours:
 

  1. Go to: https://help.quickbooks.intuit.com/en_US/contact.
  2. Choose your QuickBooks Product.
  3. Select your QuickBooks version.
  4. On the Contact Us page, click a topic.
  5. Click on the Get Phone Number button to see the support number.

Keep in touch if you need further assistance payroll. Have a great day!

 

 

View solution in original post

1 Comment
Moderator

Re: Employee loan deduction

Thank you for dropping by, Adyn.

I'd be delighted to help you with deducting an employee loan every month in QuickBooks Desktop.

 

In order to deduct an employee's loan every month, you can set up other payroll items through their profile and manually enter the amount when it's time to take out the loan payment.

 

Here's how:

 

  1. Double-click the employee's name to edit.
  2. Click the Payroll Info tab and 
  3. Go to Additions, Deductions and Company Contributions and click Add New.
  4. Select Deduction and click Next.
  5. Select net pay and hit Next.
  6. Hit OK.
  7. When it's time to take out the loan, enter the amount.

You'll see some screenshots outlining the steps above.

 

If you'd like to go through this over the phone, you can call our dedicated team who will be happy to assist you. Our contact details can be found here along with our opening hours:
 

  1. Go to: https://help.quickbooks.intuit.com/en_US/contact.
  2. Choose your QuickBooks Product.
  3. Select your QuickBooks version.
  4. On the Contact Us page, click a topic.
  5. Click on the Get Phone Number button to see the support number.

Keep in touch if you need further assistance payroll. Have a great day!

 

 

View solution in original post

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