Mom
12-15-2001, 01:03 AM
If the employee's time is recorded to salary payroll items, QB charges the jobs with hourly rates equal to the month's salary divided by the hours reported for the specified time period. If the employee's reported hours aren't close to standard, the rate is unreasonable.
According to QuickBooks TechSupport, the only way I can get accurate job costing when paying a salary is to treat the employee as hourly (record his hours to hourly payroll items) and then use another payroll item for adjusting his gross pay to the correct monthly amount. I would have to create the paychecks, then view them for the total gross pay, manually calculate the adjustment for each employee, and enter it to my salary adjustment payroll item. The employee would then receive his standard monthly salary, but the paycheck details would show he was paid by-the-hour +/- an adjustment to achieve the salary amount.
I find it incredible that the programmers didn't allow for charging jobs with a standard hourly rate for salaried employees. How hard is it to apply salary/2088 hours per year? I'm hoping the TechSupport rep is wrong and somebody out there has a solution?
According to QuickBooks TechSupport, the only way I can get accurate job costing when paying a salary is to treat the employee as hourly (record his hours to hourly payroll items) and then use another payroll item for adjusting his gross pay to the correct monthly amount. I would have to create the paychecks, then view them for the total gross pay, manually calculate the adjustment for each employee, and enter it to my salary adjustment payroll item. The employee would then receive his standard monthly salary, but the paycheck details would show he was paid by-the-hour +/- an adjustment to achieve the salary amount.
I find it incredible that the programmers didn't allow for charging jobs with a standard hourly rate for salaried employees. How hard is it to apply salary/2088 hours per year? I'm hoping the TechSupport rep is wrong and somebody out there has a solution?