QuickBooks Payroll software gives you the feature of Holiday Pay which makes easy for business owners to manage Holiday Pay. In this article, we will learn about the Holiday Pay and how to Setup QuickBooks Payroll Holiday Pay . For more information, you can get in touch with QuickBooks Payroll Support Phone Number +1888-557-5018.
What Is Holiday Pay?
Holiday Pay is the reimbursement for the work that the employee has done on any holiday, like Christmas Day, Thanksgiving Day, etc, when a business is closed and the employees are supposed to take off. So if there are any holidays during the pay duration, the business owners have to pay for that day in the employees’ paychecks. There are nine paid holidays each year according to the Federal Reserve Holiday Schedule.
How To Setup QuickBooks Payroll Holiday Pay?
Follow the below steps to setup QuickBooks Payroll Holiday Pay:
- Open QuickBooks Payroll on your system
- From the menu select Lists.
- Click on the Payroll Item List.
- From the lower left corner of the window choose the Payroll Item drop-down and click New.
- Select Custom Setup and then click Next.
- Choose Wage, and select Next.
- Choose Annual Salary, and Click Next.
- Select Regular Pay and then click Next.
- Enter Holiday Pay in the Name used in paychecks and payroll reports field and then click Next.
- Payroll Expenses is the default account for the Expense.
- Select Finish.
To Track Accruals
To track Accruals follow the below steps:
- Open Employees menu and click the Employee Center.
- To edit the payroll information, double-click the employee’s name.
- Click the Payroll Info folder.
- Add the Holiday Pay Item below the Earnings section.
- When you have added the holiday pay item then click OK.
To Create Paycheck
Follow the below steps to create a paycheck. From the next time, whenever you add the holiday pay item, it will automatically track the YTD amount in the next paycheck:
- In the Earnings section of the paycheck, add the Holiday Pay item.
- For Regular Salary and Holiday Pay, enter the numbers of hours worked.
How To Get Technical Support?
You can contact QuickBooks Support Phone Number+1888-557-5018 for any type of assistance required while performing the above steps. We have a team of skilled technicians who are working night and day to provide you assistance regarding any QuickBooks issues. You can also seek assistance on QuickBooks Chat Support for step by step guidance by our executives.