Enter net pay and let QuickBooks calculate the gross amount
Enter net pay and let QuickBooks calculate the gross amount
If you subscribe to QuickBooks Enhanced Payroll or Enhanced Payroll for
Accountants, you can enter the net dollar amount of the check in the
Check Amount field, and QuickBooks will calculate and add the proper tax
withholding and deductions to this amount. running payroll, Enter net pay and calculate gross, . This feature is very useful for creating checks, for example, bonus checks, on which you want to "gross up" to the net amount.
Learn more about gross to net from the American Payroll Association.
To do this task
Start paying your employees by using a payroll schedule or by running unscheduled payroll.
From the Enter Payroll Information window, click the name of the employee whose paycheck you want to preview or click Paycheck Detail to open the first paycheck in the stack. running payroll, Enter net pay and calculate gross, . Click Save & Next to go to the next paycheck in the stack.
In the Preview Paycheck window, click Enter net/Calculate gross and enter
the net check amount in the Check Amount field.
Although QuickBooks calculates and deducts the appropriate taxes, checking Enter net/Calculate gross allows you to give employees the entire amount as their net pay. running payroll, Enter net pay and calculate gross, .
Click Save & Close and then continue to follow the procedure to pay employees.
See also
KB ID# H_PAY_HDI_ENTER_NET_QB_CALC_GROSS