I have a client who's employees get tips, but are paid those tips ON their check, so should be included in their NET pay. How do I do this in EasyACCT?
All other clients pay the tips out at the end of each day so the are noted as income, but come back out as a deduction and not paid out on their check.
TIA - any advice is helpful!
Give them a GP category called "Tips Check" and assign W2 box code 'BTP'. Then make sure The W2 Boxes 1 and 7 are checked (DO NOT CHECK BOX 3) - along with whatever appropriate other codes you need for federal & state taxes.
Thank you - that was it! I knew it was rather simple, but the Mondayness got to me. Thanks again!
You're most welcome. Good luck with the "Mondays" LOL!
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.