In: Accounting
You may create Payroll Schedules in Payroll Settings in QBO.
Steps for Setting up Payroll Shedule in QBO:
1. Obtain information required such as Employee name,Payment Frequency
2.From the Employees menu,Choose Payroll Center.
3.Click the pay Employee tab.
4. Select the Payroll Schedules drop-down menu and click new.
5. Enter a name for the Schedule in field of What do you want to name this payroll Schedule?
6.Click How Often will you pay your employees on this schedule? drop down arrow to specify the pay frequency for the payroll schedule.
If you select Daily,weekly,monthly,Quarterly,Annually
Enter the end date of Pay period
If you select Semimonthly- you have to set up the pay check date and end date of Pay period for the both of first and second paycheck of the month
7. click Ok
8.Choose Whether this schedule is applicable globally to all employees.Click Yes if you want to assign this Payroll Schedule to all employees with Same frequency otherwise Select No if you want to manually assign the payroll Schedule to specfic employees
9. After when it is finished Payroll schedule will appear in Under Create Pay Checks.