It is important to prepare and assign the Scheduled Payroll to pay up all the employees in QuickBooks.
The following are the types of schedules that can be assigned to your employees:
- Weekly- Compensate your employees with salary every week for a particular recurring day of the particular week.
- Bi-weekly- Every two week, pay your employees
- Semi-monthly- pay your employee two times in a month
- Monthly- Pay your employees once a month.
Why do you need to Scheduled Payroll in QuickBooks?
Use pay schedules to pay up all your employees and run the payroll.
This is very crucial when you have more than one employee. Thanks to QuickBooks, you can easily group your all employees as per their pay schedule. This will assist you to handle your payroll easily and make payment processing much more easily.
Whenever there is a delay in the payment of the employees, it creates complications in business functions and thus hampers productivity significantly. Scheduling payroll in QuickBooks helps you to avoid such scenarios in business and boosts the morale of your employees, since they are paid the right amount, at the right time, in the right way.
How to create and use Schedule Payroll?
One of the primary tasks of business is to set up properly the payroll schedules in QuickBooks. These will help you to command your payroll time and set up a consistent payment calendar.
Note that this needs to be done prior to entering employee details, however, the records can be revisited to mention or alter the present employee payroll schedule.
- In the QuickBooks account, open the specific Employee menu
- Choose the Payroll center
- Select the Payroll Scheduled
- Select the arrow pointing below and choose New
- A new payroll Scheduled Window will open up
- Add the name of your new payroll scheduled in the first field
- Select the down arrow visible in the next field and choose the actual frequency.
- Select the small calendar icon and press enter to add it manually
- QuickBooks will ask what the salary will look like. On this day the salary will be given and your bank account will be prepared for the payroll run
Create Scheduled in QuickBooks is by far one of the finest features in QuickBooks Payroll since it will aid you to run your salary payment smoothly. It provides you with the necessary tools to help you with daily tax payments as well as payroll.
Although the above steps may seem tricky at first they can be easily completed. Still, to avoid complications, it is better to hire the services of a professional.
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