Deferred Compensation

Forum|Forum|4 years ago
May 7, 2022
1 reply
2 views

I want to write a payroll check excluding federal income tax but including social security and medicare for a deferred compensation check. How do I do this in Quickbooks Online?

QuickBooks Online

GebelAlainaM

QuickBooks Team

Hello there, @Hoopla1. I can help you add new pay items like hourly, bonus, or other earnings to your employee profiles.

You can follow the steps below on how you can add a new pay type or change an existing one on your employee profile.

Here's how:

Select Payroll, and then click Employees.
Choose your employee from the list and select Edit Employee.
From How much do you pay [employee]? then, click Edit icon.
Select and fill out any of the following needed information :
- Pay type
- Common pay types
- Time off pay policies
- Additional pay types
Check the pay types your employee needs. Uncheck any your employee doesn’t need anymore.
You can also rename the following pay types:

Any additional hourly rates
Other earnings

For more detailed steps you can refer to this article:Add or change pay types in Online Payroll

You can also refer to a tax adviser if you're hesitant about it, for they know what's best for your business.

To learn more about the different types of payroll items used on your employees' paychecks, you can refer to this article:Understand supported pay types and deductions in QuickBooks Online Payroll. This also includes link about the different pay types offered by QuickBooks.

If you have additional questions, just leave a message in the comment section and I'll be sure to get back to you. Stay safe!

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