Easy Set Up

Easy Set Up

If easy set up is chosen, there are four pages with possible items:

• q       Types of wages, tips, and taxable fringe benefits
• q       Insurance benefits
• q       Retirement benefits
• q       Other payments and deductions

For each group, a list of possible items will be shown.  Place a check mark in the box for those to be set up.

QBRA-2003: Lists > Payroll Items List > Payroll Item > New > Easy Set Up > Next > Continue

Once all of the appropriate items have been checked, the wizard will permit changing the name of the item.  The software will create the payroll items using the typical information based on what were chosen.  The screen will then show that the set up process is complete. 

TRICK: When using the wizards, generic account names are used.  For example, all wage and employer taxes are automatically coded to an account called “Payroll Expenses,” employee loans are coded to “Payroll Asset,” and all items to be remitted to a third party (such as taxes, garnishments, or 401K contributions) are all coded, by default, to “Payroll Liabilities.”  To change the account code, edit the individual items.  Keep in mind that changing the account code changes all of the history associated with that item, regardless of passwords and/or closing dates.  There is no way to tell the software only to change the account code from this point forward so setting up the items originally and editing items once they have been used is very important in protecting the integrity of the historical results.

More information on this topic

Payroll Items