I would like to know if it is possible to include personal expenses in the payroll.
For example, paycheque net amount is $1565. If I were to add $200 for expenses then net pay cheque would be $1765. Where can I pay that $ 200 without taxes?
I would like to know if it is possible to include personal expenses in the payroll.
For example, paycheque net amount is $1565. If I were to add $200 for expenses then net pay cheque would be $1765. Where can I pay that $ 200 without taxes?
Hi
if you go to settings, then payroll, then the income, you can create the label name expenses, choose income type as "income" and unit of measure should be period, then REMOVE the check marks under the calculate tax, EI, CPP columns for that label (expenses), this ensures no payroll deductions are deducted from the amount you enter. Don't forget to checkmark the label (expenses) under the employee's payroll income profile so this applies to them.
To ensure this is correct in settings make sure to change linked accounts for the new label and choose the GL appropriate for this expense.
Hi
if you go to settings, then payroll, then the income, you can create the label name expenses, choose income type as "income" and unit of measure should be period, then REMOVE the check marks under the calculate tax, EI, CPP columns for that label (expenses), this ensures no payroll deductions are deducted from the amount you enter. Don't forget to checkmark the label (expenses) under the employee's payroll income profile so this applies to them.
To ensure this is correct in settings make sure to change linked accounts for the new label and choose the GL appropriate for this expense.
*Community Hub is the new name for Sage City