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katem70
April 5, 2023
Question

Tracking deferred pay

  • April 5, 2023
  • 1 reply
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From time to time, senior members of management will defer wages to be paid at a later date in order to have enough in the bank to pay bills, etc. Is it possible to track deferred pay in QB Payroll?

1 reply

J
JamaicaA
April 5, 2023

I can see the importance of tracking your employee's deferred compensation, @KateM. I have suggestions as to whom you can reach out to regarding this matter.

 

I highly recommend consulting your accountant and the IRS regarding the deferred pay. This way, we can ensure that you report employee income appropriately.

 

You can read this article for more hints about deferrals: Pay your Social Security tax deferral (from CARES Act).

 

Additionally, I've also included this reference for a compilation of articles you can use while working with us: Help Articles for QuickBooks Online Payroll.

 

Let me know if you need additional information by clicking the Reply button. I'm always around to help.

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