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WeMakeITwork
January 29, 2023
Question

Profit sharing bonuses that are not considered wages

  • January 29, 2023
  • 1 reply
  • 0 views

Hello all,

 

We have a profit sharing bonus which is paid to employees. It is based off of company profitability and therefore is exempt from vacation pay calculations. (No need to argue this point, an employment lawyer confirmed).

In QBO, when we enter bonuses into payroll, there doesn't seem to be a way to prevent it from adding that amount to vacation accrual amounts. It shows in liabilities as vacation pay.

I could be just missing an option somewhere and could really use a pointer on this.

1 reply

J
JamesM4
January 30, 2023

Hello there,

 

Welcome to the Community. It's essential you're able to get the help you need in order to move forward with your work. I'll be glad to point you in the right direction so you're on the right track with your work. 

 

Based on what you've shared, I see you benefiting more by contacting our support team outside of the Community. A specialist will be able to share your screen and help you navigate the program so you can achieve your goals. Here are our contact details: 

  • Schedule a Callback or start a Chat: click (?)Help in the upper right in QuickBooks Online > type and enter "Contact support" into the QB Assistant > click Contact Us > explain your situation > click Let's Talk > choose Get a callback or Start a Chat.
  • Social Media: Facebook, Twitter, and Instagram.
  • Support hours are from Monday to Friday between 9 a.m. and 8 p.m. ET.

 Feel free to keep me posted on how you make out. I'll be one message away in case you need anything else.

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