Wages

Good day, jdemrich.

Welcome aboard in the Online Community. I appreciate your input about the type of wages and their categorization.

In QuickBooks Online, you’ll be able to change the wages category according to the business’ preference. To do so, update the current setup by going to the Accounting Preferences section.

Here’s how:

1. Go to the Gear icon at the top.
2. Select Payroll Settings.
3. Under Company and Account section, click on the Accounting link.
4. In the Wage Expense Accounts section, select the radio button for I use different accounts for different wages.
5. Select the pay type you’re working on.
6. Click on the drop-down, and choose the account you want to track the wages.
7. Choose OK.
8. Then enter the Starting Date and click on the Update button.
9. Once done, select OK.

I’m confident you'll be able to efficiently track the employees' overtime wages for your workers compensation audit.

I also added a link to help you process payroll, pay taxes, file tax forms, and etc. using QuickBooks Online Payroll.

If there's anything else that I can help you with, leave a comment below. I'll be glad to assist you further. Have a great rest of your day.

Hi there

My partner and I are both self employed under the same limited company, our Limited Company.

We are both directors and bring in income. How do I create payslip for wages and ensure that all the necessary HMRC details appear on it?