Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Hi All,
We have QuickBooks Online Plus and Payroll Core. So, the company has receivable from employee amounting 1000 USD(sample only), how can I apply this in his payroll so his net pay would be 9,000 (10,000 based on the computation of the payroll less the 1,000 receivable).
And the other way around, what if an employee has expenses that needs to be reimbursed? How can I add that in this net pay? Obviously, I cannot add it on the gross salary since it would be taxable.
Thank you,
Mark
I'm here to help apply your company's receivable to your employee's net pay, @usermramirez.
We can set up voluntary deductions. This is the amount subtracted from an employee's net pay to cover the cost of things offered by the employer.
Here's how:
Once done setting up a voluntary deduction, you can apply this to your employee's paycheck.
For your second concern, you can set up a taxable payroll item. I also suggest to consult an accountant to guide you determine the proper type to use.
I've also added this article that can guide you set up and start using your new Payroll for QuickBooks Online: Get started with Payroll.
Feel at ease to post back if you have additional questions with your payroll. I'd be glad to assist you as soon as I can. Keep safe always.
The deductions is one time only for a specific cut off period. Is the instruction still applicable?
Will this still continue on to the next cut off?
For my second concern, the reimbursement is not taxable on the employee's side.
Sample of this is that I paid an hotel expense on behalf of the company. The company needs to reimbursement 300 USD on the next pay date but this is not part of the salary, this is just an expense I paid on behalf of the company. How do the company add the 300 USD on my next pay?
Yes, you can follow the instruction above on how to set up a voluntary deduction, usermramirez.
Just make sure to uncheck this pay type so it won't show up on the next payroll run. You can perform again the steps provided by Rubielyn_J to locate the deduction, and remove the item from there.
For your second concern, you can write a check to record the expense since you paid it on behalf of the company. Let me show you how:
You can then check your employee reimbursements by pulling up a report. Check out this link for instructions and detailed steps: Reimburse an employee.
Upon sharing this solution, I still suggest consulting your accountant to ensure your books have accurate records.
Feel free to comment below if you need additional information about reimbursing an employee. I'm always right here to help you.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here