Thanks for providing us the in-depth details of your payroll issue, chrisc1.
I appreciate you for checking out the setup of the Bonus payroll item. Yes, you're right, if the employee has a $1000 bonus amount on their paycheck, the amount in the Company Summary for Bonus should be $30. Cases like this, we can run a Payroll Item Detail report. Then, check if there are prior paychecks that did not withhold the bonus amount in the Company Summary section.
Here's how:
- Click Reports on the top menu.
- Choose Employees & Payroll.
- Hit Payroll Item Detail.
- Manually enter the date for this current quarter in the Dates field.
- Look for the Bonus company deduction and review if there are zero figure in the Amount column.
If there's a discrepancy in the amount for the last paycheck, we can manually adjust it. This way, the correct 3% of the bonus amount will be reflected in the Company Summary section.
Here's how:
- Click Employees on the top menu.
- Choose Payroll Taxes and Liabilities.
- Tick Adjust Payroll Liabilities.
- Adjust the date period in the Date field.
- Hit Company in the Adjustment for: section.
- Select the bonus item in the Item Name column.
- Enter the discrepancy amount in the Amount column.
- Type the details in the Memo column on what the adjustment for.
- Tap OK.
To learn more about adjusting payroll liabilities and payroll items calculating incorrectly on the paycheck, please refer to these articles:
Keep me posted if you need a hand with running payroll transactions and reports or any QuickBooks related. I'm always here to help.
