Wiki source code of Creating and Personalizing Employer Paid Items
Version 3.1 by Peytience S on 2023/05/03 17:03
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1 | There are several items in payroll that are paid by the company. The payroll program creates the **Federal Unemployment, State Unemployment, Social Security, **and **Medicare **taxes paid by the company for you. Other items paid by the company can be set up and tracked in your payroll program, for example a company contribution to a retirement plan, or a company paid medical insurance. | ||
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3 | * In your payroll program, go to the **"Payroll Items"** screen. | ||
4 | * If the new **Employer Paid** item will apply to all employees, select **"Employee List Settings" **in red at the top of the listing of your employees to the left. | ||
5 | * If the item is to be assigned to just a few employees, select one of the employees from the list. | ||
6 | * Click on the green **"New"** button in the **"Employer Paid" **items section. | ||
7 | * Enter a name for the item being created, for example "Employer Pension". | ||
8 | * From the **"Type" **menu, choose the appropriate selection for the item. Normally, it would be a **Flat Amount **or a **Percent of Gross.** | ||
9 | ** //**NOTE: **Types **Federal Unemployment, Medicare, Social Security, **and **State Unemployment **are for creating new taxes only. For example, if you need to create the Unemployment tax for a new state.// | ||
10 | * If the amount/rate is the same for all employees enter the amount/rate. | ||
11 | * If the amount/rate will be different for all employees then leave it at 0. | ||
12 | * If you post your payroll to Quickbooks, select the appropriate **Liability Account **and **Expense Account **for the item to post to in Quickbooks. | ||
13 | * Click **"OK"** to create the item and have it appear under the **Employer Paid** section in green. | ||
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15 | [[image:https://www.aatrix.com/download_file/view_inline/3253/||alt="Creating and Personalizing Employer Paid Items" height="289" width="800"]] | ||
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18 | * If the amount/rate will be different for each employee, select an employee on the list that it applies to. | ||
19 | * Double-click on the item under the **"Employer Paid" **section in green. | ||
20 | * Enter the amount/rate for the employee and click **"OK".** | ||
21 | * The **"P" **that appears in front of the item with the employee highlighted indicates the item has been **personalized **for a specific amount/rate for the employee. | ||
22 | * Repeat the above steps to personalize the item for employees as necessary. |