Create a zero net paycheck
by Intuit•12• Updated 5 months ago
Learn how a zero net paycheck in QuickBooks Desktop Payroll and QuickBooks Online Payroll.
There are three reasons you might want to create a paycheck that has a net pay amount of zero.
- Put an entire paycheck into a retirement plan.
- Designate an entire paycheck for income tax.
- Record a gift made to an employee. Such as cash or a gift card.
We'll show you how to create the net zero paycheck.
Put an entire paycheck toward retirement
If an employee wants to withhold an entire paycheck and put it toward retirement, select your product below.
Note: Not sure which payroll service you have? Here's how to find your payroll service. |
Put an entire paycheck toward income tax
If an employee wants to withhold an entire pay check and put it toward income tax.
Record a gift made to an employee
Since the employee already received the gift, you don't want to increase the net pay of the check. You'll be using what's called an "in and out" method. The "in" will be adding the gift as regular wages so it can be properly taxed. And the "out" will be pulling the gift back out of the check since it was already paid.
Sign in now for personalized help
See articles customized for your product and join our large community of QuickBooks users.
More like this
- Set up and tax Personal Use of a Company Car (PUCC)by QuickBooks•27•Updated 3 weeks ago
- Recreate a missing or voided direct deposit paycheck in QuickBooks Desktop Payrollby QuickBooks•19•Updated 3 weeks ago
- Set up an S-corp medical payroll item for your corporate officersby QuickBooks•166•Updated 2 weeks ago
- Clear up customers with zero net balances in QuickBooks Onlineby QuickBooks•157•Updated 2 days ago