Good Morning, Friends!
So, I acutally received some pretty good direction this morning, on another post I had. I just watned to share it with you, in hopes that it may help you. I am still chatting with her to confirm the Workers Comp implications and such. I also sent her some screenshots asking her to confirm if my set up looked correct.
So once I hear back from her, I will share all info with you :-)
Here is what she advised:
Hi there, @DebbieGrandee and @CareyLeigh83.
I'm here to help set up the payroll items in QuickBooks. We'll have to create specific items for your concerns, so you can pay the employees.
For @DebbieGrandee, let's enter an hourly item for the affected workers. Then, manually calculate the hourly rate based on the salary amount.
When setting it up, you do not specify the pay rate. All you have to is to add the item to the paycheck.
Once you’re ready, let’s go to the Payroll Item List page to set up the wage item. Here’s how:
Go to the Lists menu at the top to choose the Payroll Item List. This will open the complete list of pay types added in QuickBooks. Scroll down to the bottom of the page to select the Payroll Item drop-down. Then, choose New to mark the radio button for Custom Setup and then tap Next. On the Payroll item type window, select Wage and hit Next to continue. Mark the button for Hourly Wages, then press the Next menu to choose Regular Pay. Key in a term that will identify payroll item in the Enter name for hourly item field. Click Next and Finish.
When running payroll, choose the newly added wage item to the paycheck and then input the amount in the Rate field.
Let me share this guide about Setting up an hourly wage payroll item in QuickBooks Desktop.
@CareyLeigh83. I also want to make sure your employees will receive their pay. Let's create an Addition item and then choose a Tax Tracking type that’s will not affect the taxes.
I suggest contacting a tax adviser or an accountant for a recommendation on which one to use. This way, your payroll records are correct.
Go to the Lists menu at the top to choose the Payroll Item List. This will open the complete list of pay types added in QuickBooks. Scroll down to the bottom of the page to select the Payroll Item drop-down. Select New to mark the radio button for Custom Setup and then tap Next. On the Payroll item type window, mark the radio button for Addition and hit click Next to continue. Input a term in the Enter name for the hourly item field and click Next. On the Tax tracking type window, click the drop-down and select the correct category and then press Next. Follow the remaining onscreen instructions to complete the process.
Let me know if you have any clarifications or other concerns. I'm always ready to answer them for you. Have a good one.
