QuickBooks

Are you looking to create a negative paycheck in QuickBooks Payroll but not able to do so? Well, this article can be helpful for you as we will be discussing about how to create a negative paycheck in QuickBooks Online payroll. It is not a complex process but if you are a new user of QuickBooks then you can face several issues during the process. In that case, you can contact us at our toll-free QuickBooks Payroll Support Phone Number +1888-557-5018 to get solution for your QuickBooks issues.

Following the steps provided in this article will surely help you in generating negative paycheck in QuickBooks Payroll with ease.

Steps to generate a negative paycheck in QuickBooks payroll are as given below:

If you want to create a negative paycheck of the current quarter, then you can perform the following steps but if you want create it for the upcoming quarter then you have to connect with us at our QuickBooks Support Number +1888-557-5018.

Place A Complete Paycheck Into A Superannuation Plan, Such As A 401k

You may have to create a negative paycheck when some of your staff member decides to contribute their superannuation contribution.

Create Negative Paycheck In QuickBooks Payroll

For Intuit Online Payroll Users:

  • Include an Additional Earning pay category to the employee’s profile.
    • Doing this will prevent tax insinuation or modifying reports that depends on the number of working hours.
    • Provide a name to it as Taxable offset or you can give it a name hat suits you the best.
  • Create a 401K Retirement plan deductions.
  • Use the formula of Net to Gross pay sum total.
  • Run a paycheck under the name of your employee. To do so, follow the below steps:
    • Enter 1 in the Taxable offset tab and then click on Create Paycheck.
    • From the Approve Paychecks section, click on the View/Edit option.
    • Set federal and state income taxes as negative
    • Go to the Taxable offset tab and provide the gross sum total deducted by using the net to gross formula
    • Checkout the net pay sum total and It should be equal to the sum recorded in the 401K. If they are not equal then you will have to modify it manually.
    • Take 401K total in the subtraction field
    • Click on Save and Submit.

If you have queries related the calculation of salary, creating paychecks or looking for payroll calculator then contact us at QuickBooks Customer Service Number +1888-557-5018.

For QuickBooks Online Payroll Users:

  • Include an Additional Earning pay category to the employee’s profile.
    • Doing this will prevent tax insinuation or modifying reports that depends on the number of working hours.
    • Provide a name to it as Taxable offset or you can give it a name that suits you the best.
  • Create a 401K Retirement plan deductions.
  • Use the formula of Net to Gross pay sum total.
  • Run a paycheck under the name of your employee. To do so, follow the below steps:
    • Enter 1 in the Taxable offset tab and then click on Create Paycheck.
    • From the Approve Paychecks section, click on the View/Edit option.
    • Set federal and state income taxes as negative
    • Go to the Taxable offset tab and provide the gross sum total deducted by using the net to gross formula
    • Checkout the net pay sum total and It should be equal to the sum recorded in the 401K. If they are not equal then you will have to modify it manually.
    • Take 401K total in the subtraction field
    • Click on Save and Submit.

Entitle An Entire Paycheck From Income Tax

A negative paycheck can be generated when your employees decides to contribute their pay to their withholdings.

For Intuit Online Payroll Users:

  • Add an Additional Earning Pay Category under the employee’s profile.
  • Use net to gross formula and reduce the gross pay sum total.
  • Run an employee’s paycheck by following below steps:
    • Go to the Earnings tab and locate the gross sum deduction by using the net to gross formula.
    • Remove all unwanted deductions.
  • Checkout the net pay sum total and it should be exactly same as the sum calculated in the 401K form. If it is not equal then you will have to change the Other Earnings manually.
  • Enter the sum of income tax in the federal income tax section.
  • Click on Save & Submit.

For QuickBooks Online Payroll Users:

  • Add an Additional Earning Pay Category under the employee’s profile.
  • Use net to gross formula and reduce the gross pay sum total.
  • Run an employee’s paycheck by following below steps:
    • Go to the Earnings tab and locate the gross sum deduction by using the net to gross formula.
    • Remove all unwanted deductions.
  • Checkout the net pay sum total and it should be exactly same as the sum calculated in the 401K form. If it is not equal then you will have to change the Other Earnings manually.
  • Enter the sum of income tax in the federal income tax section.
  • Click on Save & Submit.

Technical Support For QuickBooks Payroll Issues

The provided solutions will surely allow you to create a negative paycheck in the QuickBooks Payroll. As we have already said that it can be a bit complex process for the new users and you can face several issues as well. In such situations, you can get in touch with us at our toll-free QuickBooks Support Phone Number +1888-557-5018 to get an instant solution for all your QuickBooks issues.

QuickBooks Support Phone Number

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