How do I add bonus to my paycheck?
Click the zoom arrow to review the employee’s pay. Click Add Payroll Category. Select the Bonus or Commission wage category. Click OK. Enter the payment in the Amount column against the Bonus or Commission wage category.
How are bonus and commission payments set up?
The default Bonus and Commission categories are set up the same way (the Type of Wages can be set to Salary, regardless of an employee’s pay basis). To ensure payments using this wage category are reported correctly to the ATO, choose the applicable ATO Reporting Category.
Do you have to include bonus in Super?
Some bonus payments need to be included in your superannuation calculations. To clarify if your bonus payments should accrue super, check the ATO guidelines or speak to your accounting advisor.
Where to find bonus and commission in AccountRight?
AccountRight comes with default Bonus and Commission payroll categories which you can assign to your employees ( Payroll command centre > Payroll Categories > Wages tab). Click the blue zoom arrow () to open a payroll category, or click New to create one (if the default ones aren’t there).
How do I add a bonus to my pay?
If a bonus or commission payment is the same amount each pay, you can add it to an employee’s standard pay so it automatically appears on their pay ( Card File command centre > Cards List > open the employee’s card > Payroll Details tab > Standard Pay ).
How to pay an employee a bonus or commission?
There’s two ways to pay an employee a bonus or commission: 1 include the payment on the employee’s regular pay, or 2 process the payment in a separate pay (if this helps you or the employee keep track of these payments). More
What is bonus pay and what does it mean?
What is bonus pay? Bonus pay is money you give employees beyond their existing base wages. Bonus pay is a type of supplemental wage. Bonus wages can be given as a reward or gift.
How do you record a bonus pay check?
If the employee already received the bonus pay (such as in cash), record the payment as a manual check, not a direct deposit check. Add the Bonus pay type to the employee profile. Select the Employees tab. Select the employee’s name. In the Pay section, select Edit. In Show all pay types section, select Bonus. Then select OK.