15 Nov Lists: Payroll Items Enhancements – Overtime Earnings
Overtime Earnings Payroll Items Enhancements
For version 2005 the payroll items have been changed slightly. With the additional choice of the Enhanced Payroll the functionality within the payroll section has been greatly expanded. One of these ways is evidenced in the overtime item. All the other payroll earnings item set up remains the same except for the overtime earnings. In previous versions, the only difference between a regular wage and an overtime wage was the name the user assigned and the rate the user manually assigned when using the item. Now with version 2005 there is a specific overtime type payroll item that contains the calculation for the overtime rate based on the regular rate.
The first three screens are the same as in previous versions of QuickBooks.
QBRA-2005: Lists > payroll Item List > Payroll Item > New
QBRA-2005: Lists > payroll Item List > Payroll Item > New > Custom Set Up
QBRA-2005: Lists > payroll Item List > Payroll Item > New > Custom Set Up > Wage > Next
QBRA-2005: Lists > payroll Item List > Payroll Item > New > Custom Set Up > Wage > Next > Overtime > Next
Now is when the real difference is apparent. For the new overtime type of payroll item it is now possible to designate exactly what the overtime rate is. Time and a half and double time are set up, but a custom rate is also available for creating other overtime multipliers.
QBRA-2005: Lists > payroll Item List > Payroll Item > New > Custom Set Up > Wage > Next > Overtime > Next > Type in a name > Next
QBRA-2005: Lists > payroll Item List > Payroll Item > New > Custom Set Up > Wage > Next > Overtime > Next > Type in a name > Next > Choose the Multiplier > Next
