Thanks for getting involved with this thread, akhoja.
Before you take an employee retention credit, there's a few things you'll need to do. Initially, you'll want to make sure you qualify for it. Afterwards, you can begin setting up your payroll to accept and track it.
Here's how:
- In the top menu bar, go to Payroll, then Employees and choose an employee you'd like to add paid leave for.
- In your How much do I pay an employee sectionl click the Pencil (✏️) icon to add more pay types.
- Under your CARES Act section, pick which pay types apply to your employee.
- If applicable, enter any Employer Paid Health Insurance Premium amounts to be tracked on each check.
- Select Done.
Next, you can run payroll using the pay types:
- From your Payroll Overview screen, click Run payroll.
- If you have multiple pay schedules, choose which one you're paying and enter the hours in your corresponding fields, then enter any other items you need to include.
- Hit Preview payroll, review each paycheck for accuracy, and select Submit payroll when you're finished.
You'll also be able to find many detailed resources about using QuickBooks in our help article archives.
I'll be here to help if there's any questions. Have a lovely day!
