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happyelectricllc
March 14, 2024
Question

Payroll Deductions

  • March 14, 2024
  • 1 reply
  • 0 views

I have a weekly deduction for one of my employees and he owes $1600 but it will continue into next year so I would like to put maximum deduction for entire amount rather then annual amount? I was hoping I could just set it and not worry about it again.    

1 reply

S
ShyMae
March 14, 2024

Welcome to the Community space, happyelectric.
 

To assist you better, could you please let me know what specific deduction you wish to set up in QuickBooks Online? With the additional context, it will help me provide you with accurate information and explore potential solutions to address your concerns.
 

We're always here to assist you, so please do not hesitate to reach out to us. Your cooperation is highly appreciated. 

H
happyelectricllcAuthor
March 15, 2024

I gave a $1600 pay advance and was taking a small amount of $ per paycheck.  I set the amount to stop under Max annual but it starts over at end of year and looking for it to continue into next year so have a max deduction until it is fulfilled $100% rather then starting over end of year

 

M
MelroseV
March 15, 2024

Thank you for providing more details about your concern, happy.

 

Currently, the option to add the maximum deduction for the entire amount for the total advance payment is unavailable in QuickBooks Online. As a workaround, you can enter a zero amount and keep track of the payment outside QBO.

 

Here's how:

 

  1. Go to Payroll and then click the Employees tab.
  2. Select the employee's name.
  3. From the Deductions & contributions, click the Edit.
  4. Select the Pencil icon for your deduction.
  5. In the Annual maximum, you can enter zero amount. 
  6. Click Save and Done.

 

Once the payment is done, you can remove this deduction to ensure it won't continue for the following year.

 

Additionally, I'm providing this handy resource to help you generate comprehensive financial reports regarding your employees' information, including details about wages, taxes, deductions, and more: Run payroll reports.

 

Should you need additional assistance with your payroll deduction, feel free to include them in the comments below. Have a great day!

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