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Lindag74
Dec 20, 2019 11:08 AM UTC
Solved

How can I add student loan repayment for an employee who started in October?

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Lindag74Answer
Dec 31, 2019 11:29 AM UTC

Many thanks for your help on student loan.  Seems to e working OK.

Lindag

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13 replies

EmmaM
Dec 20, 2019 1:44 PM UTC

Hi Lindag,

 

Thanks for reaching out on the community

 

We can certainly help you with this, just need to find out a few things first.

 

Which Payroll are you using? Is it Advanced or Standard or Paysuite?

 

Thanks

Lindag74Author
Dec 29, 2019 2:31 PM UTC

I am on the standard payroll.  Sorry for the delay in replying due to Christmas but your help would be much appreciated as payroll is now due and I need to make the student deduction.   Many thanks.    Lindag

Kristine Mae
Kristine Mae
Dec 29, 2019 3:13 PM UTC

That's okay, Lindag. I hope you enjoyed your Christmas celebration.

 

Let's go over to your concern. Repayments are not taxed. Let me help you set it up.

 

Here's how:

  1. Click Employees, then go to the Employees tab.
  2. Select the employee to open their profile.
  3. Click Actions, then select Deductions.
  4. In the Loan repayment section, click Add.
  5. Enter a desired name, then select the Rate type.
  6. Enter the default value or default percent. 
  7. Click Save.

When you create a paycheck, the deduction will show.

 

Here's how it looks like:

 

 

I'll include the article on how to add or customise deductions in QuickBooks Standard Online Payroll.

 

I'm just around if you need my help. Just tag me and I'll get back to you as soon as I can. 

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