Yes, you're correct with all your questions and answers, @Alaska_VGC.
I appreciate the details you've shared with my colleague, @AbegailS_. Running separate payrolls for the old and new rates, deductions, and contributions is the best way for the union to get an accurate payroll reporting.
So as an example, after running payroll for the old rates, you'll have to change/update the employee's Payroll Info and select the new rates, deductions, and contributions. Once you have set up all this Payroll Info for each employee, you can run your payroll for the latest rates.
You'll have to make sure that you're using the correct payroll item for each employee by changing each Payroll Info each time you run payroll for different rates. Or, adjusting it while you're in the "Pay Employees" window is also good if you're comfortable with it.
For more details about removing or changing deductions and contributions, feel free to check these articles:
I also encourage you to seek accounting advice with a payroll or accounting expert to ensure your company's deductions and contributions for a project are tracked accurately.
Let me know if you have other QuickBooks payroll concerns. We're always here to lend a hand. Take care, and more power to your business!
