Adding Employees (4)
Date Last Paid. This field will display the date the employee was last paid, once you have entered a paycheque.
Record Wage Expenses In. Employee wages are normally recorded in the accounts you linked for payroll. If you wish to record this employee’s wages in a different wage expense account, click the button to the right of The Payroll Linked Accounts option and enter an account.
Preset deductions: a time-saver
Using preset deductions saves time and helps prevent errors because you do not have to type the deduction amounts every time you issue a paycheque.
If you need to, you can enter a different deduction amount when you record a paycheque in the Paycheques window.
Deductions tab Note that the program can deduct amounts either before or after it calculates taxes. To specify when to make the deductions, choose System Settings and then Settings from the Setup menu, then click the Payroll Deductions tab and check or clear (uncheck) the boxes for each deduction.
Pension, Group Insurance (Group Ins.), Medical, Misc 1, Misc 2, and Deductions 6 through 10. Enter the amounts of pension contributions, group insurance, medical premiums, and miscellaneous deductions to be withheld from the employee’s pay for the period. If you have changed the names of the deduction fields (by choosing System Settings and then Names from the Setup menu), these fields display their new names.
Taken From : Simply Accounting
