I'd be pleased to guide you in creating a payroll item to easily track sales commissions by employees from paid invoices, eklee.
We can start by setting up a commission-pay type by following the steps below:
- Go to the Lists menu, then select Payroll Item List.
- On the Payroll Item ▼ dropdown, click New.
- Choose Custom Setup, then Next.
- Pick Wage, then Next.
- Select Commission, then Next.
- Enter the item name, then Next.
- Determine the Expense account where you want to track the item, then Next.
- Hit Finish.
Next, add the item to your employee’s profile:
- Go to Employees, and then select Employee Center.
- Double-click the name, then click Payroll Info.
- In the Earnings section, add the payroll item you created and then tap OK.
Additionally, you can assign a class after adding the pay type as a line item from their profile. This way, it's easier to track accurate reporting of commission.
Once done, proceed to Step 2: Pay your employees a commission depending on whether it's the only matter in a paycheck or with their regular pay: Pay your employees a commission.
Moreover, it would be best to create and run your payroll reports to track your employees’ commissions efficiently. From there, you can check all recorded transactions.
Furthermore, I recommend consulting with your accountant to ensure these transactions are correctly accounted for.
I can provide more helpful information about generating paychecks for employees. If you need further assistance in managing invoices, leave a comment below. I'll get back to you at any time.
