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November 24, 2022
Question

Non-Pensionable Earnings

  • November 24, 2022
  • 1 reply
  • 0 views

Is there a way to set specific types of pensionable earnings in QB payroll? These deductions should exclude employee performance bonuses for example. 

1 reply

November 24, 2022

Hi there AlyshaB,

 

It's important that all your payroll transactions are entered correctly so that your year-end totals are accurate. QuickBooks Online Payroll is a tool that can help you with the calculation and tracking of deductions so that you have the amount to report. I can give you some information on payroll deductions as well as income

 

To add a new pay type for your employee, go to the Payroll tab, then Employees, click on the employee and then scroll down to the Pay types. You can click edit, then you will see drop-down menus to choose the type of pay. Only the types of pay seen in these drop-down menus are available and the way they are pensionable, insurable, as well as taxable, is also set, so it will be necessary to choose the one that meets the needs of this employee.

 

If you have any further questions, please feel free to ask them here.