Adjust Paycheck Amount

by Laura
(Florida)

How do you adjust a paycheck amount for reconciling purposes only? In my books the paycheck issued has an amount but my client gave the employee a different amount. I've already reported the paycheck amount to the IRS so I dont want to change it but I cannot reconcile since both amounts are different?

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Benifit in Kind

by Ann
(Essex)

A sales manager joins company and has company car with benifit in kind and earns 40000 salary how much will his monthly deductions be?

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Payroll


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When a salaried worker goes on vacation and only takes about 3 1/2 hours off, how is it calculated on the payroll? For instance the person makes $3800.00 per month or $1900.00 per half month. How would the calculation be for payroll?

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Payroll

What is the best way to record and process a payroll check that has been return from the bank from non-sufficient funds, and the employee is requesting a new check.

Thank you

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Payroll Cash

by Connie
(Rocky, AB, CAN)


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When a company has their payroll account at another institution besides their main account, how do you record the entries??

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Payroll Expense Question


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If employees are paid in March for work done in February, is the expense recorded on February or March balance/financial sheets?

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Payroll Information Violation

by Cathy D
(New York)

What rights do you have with the regards to taking action when a bookkeeper shares your payroll information with your coworkers?

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Payroll Service

by Jim
(Colorado)

Is a Payroll Service considered a Professional Fee or a Payroll Expense?

Hello Jim,

Thanks for your question.

Payroll services are typically considered as a fee rather than a payroll expense.


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Payroll Withholdings

Payroll withholdings are likely to be classified as?

Hello,

Payroll withholdings are generally classified as either an expense or a liability.

Employer based payroll withholdings are classified as an expense.

Employee based payroll withholdings are classified as a short term liability.



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"Payroll" for a C-corp

by sarah
(Utah, USA)

I have never done bookkeeping for a C-corp and I want to make sure I am paying a salary correctly. What is the best way to pay the only employee/CEO? There are a few shareholders (and he is one of them) but he doesn't want to take this money as a dividend. It should be his salary for the work he does. Can he be an independent contractor, or is that not legal or ethical?
thanks

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Verify a payroll client

We recently were involved in a payroll scam. We print the actual checks on a special printer with our clients routing number, account number and business name. This new client gave us someone elses bank number and they were getting money out of their account. We can't verify their banking information and we can't verify their FEIN number so how do we check to make sure who we hire on as a client is not going to scam us and that they are who they say they are?

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Paycheck Withholding

by Nancy
(California)

We formed a small family partnership to handle our parent's finances and care. In 2010 we issued only 2 payroll checks and withheld all of the payroll taxes.

In December of 2011 they issued only 1 payroll check but did not withhold any of the payroll taxes. How do I handle the W-2 form and the quarterly reports for both the federal government and the state of California.

The previous three quarters I filed the necessary payroll reports with the "No Payroll" boxes checked but I'm not sure what to do now.

Thank you for any help you can offer.

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