Hello PizzaPlus!
I can help you in recording this profit-sharing bonus check in QuickBooks Desktop Payroll.
You can simply create a bonus check. First, we'll need to add a bonus payroll item. Please follow these steps:
- Go to the Lists menu and select Payroll Item List.
- Click the Payroll Item drop-down and select New.
- Choose Custom Setup, and then select Next.
- Select Wage > Next > Bonus > Next.
- Enter the name of this item, then select Next.
- From the Expense account drop-down, select the expense account you want the item to track to, and select Finish.
Once done, please check this link: Create Bonus Paychecks In QuickBooks Desktop Payroll. Choose any of the options on how you want to record the bonus check.
I also added these links for your reference on how to prepare your tax forms in QuickBooks Desktop Payroll:
Keep on posting here if you have more concerns with this. I'll help you!
