From the course: QuickBooks Payroll Essential Training

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Creating compensation items

Creating compensation items

From the course: QuickBooks Payroll Essential Training

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Creating compensation items

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- Compensation is one aspect of keeping employees happy. In the payroll setup interview, it's one of the first things in the list. I have the QuickBooks payroll setup interview open. And right now, we're looking at the employee screen. On the left side, click company. And that takes you to company setup. If you see the continue button, click it. And that takes you to the first category, which is compensation. As you can see, several common items are already in place. Things like hourly wages, salary, bonus, and commission. You can turn items on or off depending on whether you need them for your company. For example, with Two Trees Olive Oil, we don't need the reported cash tips. To turn something off, in the status column, click the button and then click yes, and that will turn it off. So I'm going to do that for these other two items. You can also add new items. Let's go ahead and do that for owner's salary. Below the…

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