Step By Step to Pay Bonus in QuickBooks
Pay Bonus in QuickBooks
Paying a bonus is a task for the business. The employees are paid a bonus which amplifies a lot of manual work for the workforce. QuickBooks allows you to pay bonuses with different techniques. It automates the procedures and reduces the time of transactions for the workforce.
To record bonus in QuickBooks, a separate bonus check has to be prepared to track the payment in the records, also we should keep in mind that bonus checks are not allied to the payroll. In this article, we are talking about the different techniques of paying bonuses to the employees in QuickBooks. In case you face any difficulty in following the procedures you can contact QuickBooks customer team and get assisted.
- When the bonus is paid through a separate paycheck
A separate check from the salary will be given to the employees. It may incur charges in case you go for direct deposits. Standard deductions apply to the bonus amount, forex. retirement, insurance and child benefits, etc.
Steps to prepare the check:
- Start with preparing the regular payroll
- Tick mark the employees you want to create bonus checks for
- Select Preview paycheck > Earnings Box > item name column
- Select bonus (once the bonus is selected, you have to clear the check from the previous earnings and salary balance)
- Enter the amount of the bonus in the rates section
- Save the check and continue in case you want to prepare more paychecks
- When Bonus is prepared on a regular paycheck
Bonus will be paid on a regular paycheck along with your regular salary and further incentives if any. Standard deductions are applicable on the paycheck which includes retirement, health insurance, or child benefits.
Steps to prepare the check:
- Start with your regular paychecks procedure
- Select Preview paycheck > Earnings Box > item name column
- Under the regular salary column, click bonus
- Enter the gross bonus amount
- Save the check and continue in case you want to prepare more paychecks
QuickBooks help Desk phone Number
QuickBooks has many features that help the users to make small and big changes in their regular business routine. However, not all QuickBooks consumers are aware of these functions and hence they do not utilize the software entirely. If you’re facing any such concern you can contact our QuickBooks Customer Support team and get assisted by the professionals of the domain. We are available 24/7 to assist you with full customer satisfaction.
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