Compensation items represent the various types of compensation employees may receive for the work they do. In this video, learn how to create the most common compensation items.
- 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 table on the right side, click add. …
Note: This course covers only the US versions of QuickBooks Desktop and Payroll.
Skill Level Beginner
Using the exercise files2m 36s
1. Getting Started
2. Setting up Payroll Information
3. Defining Payroll Taxes
4. Finalizing Payroll Setup
5. Running Payroll and Payroll Liabilities
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