How can I claim exactly $10,000 of ERC wages when running payroll? It wants a number of hours, but it doesn't allow for enough precision to land on exactly on $10,000.

Hello there, @jason98.

Yes, you're right. Once your employee is a commission only, you'll need to convert their pay to an hourly rate. To claim your $10000, I'd suggest adjusting the rate to come up with the needed amount. Let me guide you how.

1. Open the employee's profile in the Worker's menu.
2. Click the Pencil icon beside Pay.
3. Go to Step 3, then click the Pencil icon beside Additional Pay.
4. Click Add an hourly rate, then enter the name of the payroll item and its rate. 
5. Click Done. 

I'm a adding this screenshot as sample reference.

You can also read these article for additional reference about handling payroll and employee's record in QuickBooks Online:

• Change or delete a payroll deduction item
• Adjust employee exemption taxes

Drop me a comment below if you have any other questions about QuickBooks. I'll be happy to help you out.

My question isn't about how to compute someone's hours. It is how to get exactly $10,000 dollars. For a salaried employee, I have already backed that out as an hourly rate. The problem is that the hour field only allows 2 decimal places. For example, say someones hourly equivalent is $33/hr. To get exactly $10,000 of credit, You would need 303.0303030... hours on the ERC. You can only enter 303.03, which comes out as $9999.99. The higher the hourly rate, the more this gap increases. Obviously this is only an example resulting in being off by a penny, but I would like to just enter $10K directly.

Hello @jason98,

Welcome to the Community. Let me share some clarification about entering numbers in QuickBooks Online.

Currently, the system is designed to round the figures to two decimal points. Since the option to change it is unavailable, I recommend contacting our PPP support.

They'll be able to guide you further on how to claim the exact amount through QuickBooks. Here's how:

1. Sign in to your QuickBooks account.
2. Select the Capital tab on the left menu.
3. Press the green Live Chat button on bottom right.
   

In case the option is unavailable, please use this link: https://help.quickbooks.intuit.com/prechats/offerings/Paycheck-Protection-Program/23465/view.

We are open Mon - Fri 6am-12am PT and Sat - Sun 6am-6pm.

For additional reference, you can use the following article to learn about tracking the Employee Retention Credit: How to set up and track the Employee Retention Credit under the CARES Act.

Fill me in if you have additional questions related to your payroll in QuickBooks. I'm always here to help. Take care always.