There are several options when you pay bonuses to employees, and that include the pay bonus amount that is on the employee’s regular paycheck, reporting a cash or gift bonus through a paycheck, or creating a separate paycheck for the bonus amount only.If you want to set up all of your payroll such as compensation, benefits, employees, taxes, and the payroll history, then you have to run the Payroll Setup interview.If you pay your employees one-time bonuses, you can set up bonus payroll items to track the bonuses you pay.
Here are the steps to set up a bonus payroll item
Step 1 –
Go to the Lists menu and then click Payroll Item List.
Step 2 –
Click the Payroll Item button and then click New.
Step 3 –
Choose either EZ Setup (that is for most of the users) or the Custom Setup (for the advanced users), and then click on Next button.
Step 4 –
Choose the type of item that you want to set up. click on Next.
Step 5 –
Now you have to follow the onscreen instructions.
Step 6 –
Click on the Prev. button to go back to a previous window.
Step 7 –
Now, click on the Finish button when you are done.
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