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Set up a company-paid benefit or other expense

If you need to set up all of your payroll (compensation, benefits, employees, taxes, and payroll history), run the Payroll Setup interview. Shortcut


You must create a separate payroll item for each company-paid benefit or other payroll expense you want to track with each paycheck.

Examples of company-paid benefits and expenses include health or life insurance paid by the company and company contributions to a 401(k) plan.

(You can also set up a company contribution payroll item with the special Health Coverage Cost tracking type to meet the health coverage reporting requirements of the Affordable Care Act for 2012 (and later) W-2 reporting. For more information on these requirements and setting up this payroll item, see the Go onlineHealth Coverage Reporting User Guide.)

To do this task

  1. Go to the Lists menu and then click Payroll Item List. Shortcut

  2. Click the Payroll Item button and then click New.

  3. Choose either EZ Setup (for most users) or Custom Setup (for advanced users), then click Next.

  4. Click Company Contribution and click Next.

  5. Follow the onscreen instructions.

    If you need to go back to a previous window, click Prev.

  6. Click Finish when you're done.

See also

KB ID# H_PAY_PAYROLL_ITEMS_CONTRIBUTION
9/30/2016 9:53:03 AM
PPRDQSSWS400 9138 Pro 2017 536529