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Our company has decided to drop group health insurance for all eligible employees. In so doing the company now wants to wage up the difference between the cost of the "marketplace insurance" and what is subsidized. For simple illustration it would look like this; the marketplace insurance is $15, the government subsidy is $10, making the wage up amount $5.
I want to be able to show the $5 wage up on a seperate line on their pay stub and I wanted to name it "MW Comp", which stands for Marketplace Wage Up Compensation.
Is it possible to create a new item in the Payroll Item function on the desktop version of QB?
Thank you for helping.
Yes, that's definitely possible, Lwcc.
You can create a payroll item for each type of compensation you want to list on a paycheck. I'll guide you how:
I'm also adding this article to help track your payroll transactions in QuickBooks Desktop: Customize payroll and employee reports.
Just click the Reply button below if you have any other concerns or follow-up questions. Have a good one.
KlentB,
Thank you, that worked perfectly. I apparently did not go far enough in the selection process for entering the new compensation. Have a great day.
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