Year end: Review wages and benefits

Confirm that all compensation and benefits for each employee are correct and that the withholding for each is correct.

To verify compensation and benefits for an employee:

  1. In the left navigation bar, click Employees.
  2. Select an employee from the list.
  3. Click the pencil icon next to Pay.
  4. Verify that the employee's pay types and benefits are correct. Make any necessary updates.

    Important: Because the IRS allows you to enter certain benefit amounts annually, be sure that you verify, add, or update the benefits before the end of the tax year. This ensures that the benefit is reported correctly on year-end forms, like the employee's W-2 form. See Supported benefits and Benefits that aren't supported for details about supported and unsupported benefits.

  5. Click Done.

Supported benefits

QuickBooks Online Payroll supports the following benefits. Because the IRS allows you to update these amounts annually, you may decide to add the pay types at the end of the tax year.

Benefits that aren't supported by QuickBooks Online Payroll

If you have other benefits that aren't supported by QuickBooks Online Payroll, contact us so that they are reported correctly on the employees' W-2 forms. These can include:

See also

 


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