How to Set Up Bonus Paychecks in QuickBooks Desktop Payroll?

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How to Set Up Bonus Paychecks in QuickBooks
Desktop Payroll?
By Dancing Numbers
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The bonus is known as compensation over the base
salary or hourly rate. Before paying your
employee the bonus on a paycheck there requires
to add the bonus paycheck. The below article is
rounded up with the guide to creating particular
bonus paychecks.
If youre a QuickBooks Desktops, theres
additionally a choice to pay your worker with a
money bonus or gift certificate.
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Why do you need to create separate bonus
paychecks?

• There are many factors involving the creation of
  a particular bonus check to add to a basic
  paycheck. They are below
• Switch off bonus checks direct deposit
• Manage the bonus tax treatment or the account
  deductions withholding
• For bonus off-cycle payments
• Provide the bonus check to the employees special
  event

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Setup a bonus payroll item
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• Open the QuickBooks Desktop
• Locate menus at the top of the page
• Choose Lists and then hit Payroll item List
• Click on the button named Payroll Item
• Hit New option
• Choose the Custom Setup tab
• Click Next
• Choose Wage option and then hit Next
• Click Bonus and then choose Next
• Write the item name and then hit Next
• Select the expense account you need the item to
  track to
• After this hit the Finish button

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Setting up bonus paychecks in QuickBooks Desktop
QuickBooks Desktop will estimate the withholding
taxes with regards to the filling status
allowance options in the employee profile. Hence
you must consider bonus tax abilities. The bonus
check net pay gets rapidly changed according to
the selecting taxes disbursal. Here is the list
of steps to add bonus items to a regular paycheck.
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• Locate the Earnings field of the window named
  Preview paycheck
• Hit on the column labeled item Name below
• The regular salary/hourly item
• It will display a drop-down button
• Choose a bonus item
• Click on the column which says Rate
• Fill the bonus gross amount
• Now adjust state withholding taxes and federal as
  required
• Hit Save Close button to precede creating
  paychecks

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