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April 11, 2024
Question

Setup premium pay x 1.5 for Stat Holiday Pay

  • April 11, 2024
  • 1 reply
  • 4 views

currently my stat holiday pay isn't calculating at premium rate, it's using reg hourly rate. How do I change that?

1 reply

QuickBooks Team
April 12, 2024

Hi EIC516,

 

Thank you for reaching out in the Community! QuickBooks is a versatile program that enables you to get your work done faster. I'd be happy to help steer you in the right direction.

 

The Statutory Pay - Premium is automatically added in your Payroll screen, it would show as Statutory Holiday Pay. This is calculated at 1.5x the regular rate. Statutory holiday pay is automatically enabled for all employees. Follow the steps below to confirm that the pay is turned on for your employee:

1. Navigate to Payroll, then select Employees.

2. Select the employee by choosing their name.
3. Select the edit icon in the Pay types box and confirm that Stat pay - Average daily wage and Stat holiday pay are enabled.
4. Select Save.


When you run payroll, the statutory holiday pay columns will be displayed. You'll be able to input the applicable holiday hours for Stat holiday pay and a dollar amount for the Stat pay - Average daily wage into the statutory holiday fields to generate the appropriate pay.

 

Here is an article that explains this: How to add statutory holiday pay in QuickBooks Online Payroll
 

If you have any other questions, feel free to reply below. I'm happy to help.