by Jennifer Hennig | Mar 23, 2020 | Settings, Family Accounting, Payroll, Expense and Ledger
Within Region Options (image below), in the General section, you may select the Accounting Type as Cash or Accrual. As a general definition, cash accounting recognizes income or expenses on the date cash is received or transferred. Accrual accounting recognizes income...
by Jennifer Hennig | Jan 9, 2020 | Payroll
What changed about W4s for 2020? The Federal Government redesigned the W4 (also known as Form W-4) that employees fill out in order to better determine the amount to withhold for income tax from each payroll check. Notable changes are enhancements for persons with...
by Jennifer Hennig | Jan 6, 2020 | Payroll
Entering the new W4 Withholdings As of Jan 1, 2020, IRS form W4 form has changed to more accurately determine what to withhold for federal income tax. What is the essential change? The W4 worksheet has changed. There are additional variables to be entered for Federal...
by Jennifer Hennig | Jun 18, 2018 | Payroll
Learn how to create a payroll withholding for the Oregon Transit Tax. This tax applies to pay periods starting on or after July 1, 2018 and is one-tenth of one percent (or .001) on wages of Oregon residents, as well as nonresidents who perform services in Oregon. See:...
by Jennifer Hennig | Jan 22, 2018 | Payroll
Learn how to withhold additional income tax for employees who want to have an extra amount taken out each paycheck. This is helpful for any employee to reduce the amount they may owe when they file their personal income tax returns. Nonresident Aliens Withholding...
by Jennifer Hennig | Sep 29, 2017 | Payroll
It depends on the type of report and what you’re using the information for. Time Card Reports For time cards, you typically want to know the hours worked during the pay period, so using the pay period as the date range makes sense. Payroll Reports, Tax Deposit, etc....
by Jennifer Hennig | Jan 4, 2017 | Payroll
The OP column stands for Overtime Premium. Although not used at the present time, it has been put in place to accommodate new Fair Labor Standards Act (FLSA) requirements for certain salaried employees who qualify for overtime (also known as “salaried...
by Jennifer Hennig | Oct 13, 2015 | Payroll
Before you Begin We recommend you run Payroll Check Calculation manually for a few pay periods before using the batch method. This will insure that you have cleared up any possible issues with employee check calculations, and have an idea of expected results. Use the...
by Jennifer Hennig | Apr 9, 2015 | Payroll
Check the Exclude box on the Employee Withholdings screen in the following situations ONLY: To temporarily turn off General Withholdings you create such as employee child care, etc. The withholding will be skipped for any paychecks issued to this person until you...
by Jennifer Hennig | Apr 9, 2015 | Payroll
If you created or applied a general withholding to an employee, you would go to the Employee Withholdings screen for each person to whom the withholding is assigned and remove it as follows: Delete a Withholding To delete (or remove) a withholding from a person click...
