QuickBooks payroll is one of the most important features of QuickBooks Desktop. QuickBooks requires various payroll items to keep a record of individual amounts on a paycheck and accumulate YTD wage and tax amounts for all your employees. There are payroll items for compensation, taxes, other additions and deductions, and company-paid expenses. All these payroll items can be assigned to different accounts as required.
While you enable the payroll feature is enabled, payroll items for Federal taxes and Earned Income Credit for you by QuickBooks automatically. You can make changes the payroll item as per your preference. This can be done by following the steps mentioned below:
- From the Lists menu of QuickBooks, select Payroll Item List
|What is the Payroll Item List?
- Right-click on the item that you want and then select Edit Payroll Item.
- Make required changes to the Payroll Item Name, Liability/Expense Account linked with the item, How to Calculate the item, and/or Default Rates and Limits (Rates and Limits mentioned here may have an impact on all employees). Note: The payroll item type can’t be modified. In case, you wish to the modify it, you have to create a new payroll item.
- Keep on clicking Next until the Finish option occurs.
Reach Us For QuickBooks
The provided steps in this article should be helpful for you in making changes in a payroll item in QuickBooks Desktop. In case, you couldn’t edit a payroll item or you are facing issue at any point of the time, you can connect with our technical support department by dialing QuickBooks Support Phone Number +1850-308-2863 and get instant solution.