QuickBooks Payroll recently made some changes. Here’s what you can expect with the latest updates:
Deductions with variable amounts. Where the amount varies from one pay period to the next add deductions. First create the deduction and set the amount to $0 (as you did in the previous version). Then when you run payroll (Employees>Run payroll) when you now click the employee’s pencil icon on the far right near the Total Pay column the employee’s individual paycheck will be brought up and you can enter the amount of the variable deduction. QuickBooks is working to bring back this same flexibility and capabilities for garnishments.
Export to Excel retains number formats. Exporting to Excel now allows the cells containing numbers to export in number format instead of text format.
Payroll year-end guide. Beginning in December you can click on the Payroll year-end guide link on the Employees tab to view a convenient list of year-end activities like creating W-2s for your employees. You can view the guide as a pop-up or open it in a separate window so that you can view it in your payroll screens at the same time.
Hide columns on the Run Payroll screen. To hide columns that you aren’t using but want to keep accessible click the number 2 gear above the table and uncheck those columns.
If your business needs assistance implementing these QuickBook changes or would like to learn more about moving your business to a QuickBooks system click here and we will be happy to help you start the process. Lindemeyer CPA has an experienced and trained staff available to help you with all of your finance bookkeeping and accounting needs.