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December 20, 2021
Question

How do I process payroll for restricted stock income?

  • December 20, 2021
  • 1 reply
  • 2 views
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1 reply

Rubielyn_J
Level 8
December 21, 2021

Let me share some insights about processing payroll for restricted stock income, @aysha-ingeniousi.

 

Restricted stock is usually awarded to directors and executives of the company that owns the share at the end of the vesting period. In QuickBooks Online, compensating employees with stocks is currently unavailable. 

 

In the meantime, I'd suggest checking for a third-party app that you can integrate with QuickBooks Online to comply with processing restricted stock income.  

 

You may also review this article to learn more about running payroll in QBO: Process payroll. It also covers some information on how to set up a payroll account.

 

If you have other questions, don't hesitate to get back to this thread. I'll be happy to assist you again. Take care!