How Can I do Paycheck Options in QuickBooks
For creating paychecks, there are three choices available in QuickBooks Desktop. The fundamental steps for creating paychecks remains the same, regardless of the paycheck option you choose.
The following are the three options.
1. Scheduled Payroll
Scheduled payroll is a payroll run that is set up to be repeated periodically. It comes into the role when the employer pays his employees on a regular schedule. That schedule can be monthly, weekly or biweekly as per the requirements.
In Scheduled payroll your employees can be grouped together who are paid on a different schedule. You need to enter the correct dates for the payroll schedule before running up the scheduled payroll. You may learn how to set up the payroll schedule.
The fundamental steps for creating paychecks remains the same, regardless of the paycheck option you choose.
The process payroll on a date is adjusted in such a manner that it include bank holidays and transmit lead times for QuickBooks Payroll Assisted customer or in the case of the direct depositor.
2. Unscheduled Payroll
Unscheduled Payroll can be selected if your employees are not set up for a Scheduled Payroll. This option can also be used if your employees are not being paid on a regular basis or they are being paid through bonus check or commission check or an off cycle paycheck that is not included in their normal paychecks.
3. Termination Check
Termination check is used when you pay the last paycheck to a released or terminated employee. You need to enter the release date of the employee then create a final paycheck. The released or terminated employee can be marked as inactive.
Learn about termination paychecks and the steps to create or run a termination paycheck.