How to set up a net miscellaneous deduction item in QuickBooks

 

To set up a net deduction payroll item:-

Step 1 –

In the Lists menu, click Payroll Item List.

Step 2 –

Click on the Payroll Item button, and select New.

Step 3 –

Select EZ Setup, and click on Next.

Step 4 –

Follow the prompts of the setup wizard, which are a series of questions based on the item type. Help topics are listed on the right side of each window.

Step 5 –

Click on the Finish.

Step 6 –

Rename the item.

 

To set up a payroll item on the Paycheck Preview as a one-time deduction:-

Step 1 –

Under Other Payroll Items, click on drop-down menu, and then select Add New.

Step 2 –

Select Deduction, and click on Next.

Step 3 –

Enter the name of the deduction to be used in payroll and reports and click Next.

Step 4 –

Enter agency for liability and number that identifies them (if applicable) and then click Next.

Step 5 –

Select the appropriate Tax tracking type and then click Next.

Step 6 –

Make sure the correct taxes are selected.

Step 7 –

Select Calculate based on (determined by client) and then click Next.

Step 8 –

Select either gross pay, or net pay and then click Next.

Step 9 –

Enter Default Rate and Limit if required.

Step 10 –

Click on Finish.

Kristin is a content strategist at Techarex Networks. Kristin follows the B2B technology space closely and loves to write on the latest changes in technology, futuretech and fixes for day to day how to issues. Besides writing Kristin also loves music, moves and skating.

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