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How to Setup a Per Diem Payroll Item in QuickBooks Desktop

Employees receive per diem compensation, a form of a daily stipend, to cover expenses incurred while on a work trip. […]


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Employees receive per diem compensation, a form of a daily stipend, to cover expenses incurred while on a work trip. Business expenditures basically include transportation, lodging, and food costs, along with other incidentals, etc. In other words, a per diem compensation structure pays employees on a daily basis rather than on an hourly or monthly basis.

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Why is it Essential to Set up Per Diem Payroll Items in QuickBooks Desktop?

When it comes time to accrue yearly business expenditures like meals, lodging, travel, etc., per diem payments, play a crucial role. Furthermore, per diems are immensely helpful for some job profiles that require a lot of travel. Thus, employers also provide them in the form of partial expense reimbursement, corporate credit cards, fixed daily rates, etc.

In contrast to full-time positions, such individuals are often employed on temporary or short-term contracts. The best examples of per diem-paid employees are substitute teachers and medical professionals.

What Are the Different Types of Per Diem Payments?

There are two different types of per diem payments. These are:

Fixed-Rate

Any company that uses a fixed per diem form of payment for its yearly costs typically pays the employee a certain sum of money every day.

Out-of-Pocket Expenses

Companies typically urge workers to submit all of their genuine claims when they are required to pay for their expenditures directly and without assistance. Companies permit reimbursement of the business expense if claims for out-of-pocket costs are approved.

The benefit of per diems is that they are completely tax-free. Only when a specific employee neglects to disclose any relevant information regarding an expenditure report are they subject to taxation.

How Do Per-Diem Payroll Items Help Businesses?

The per-diem payroll item that is created in QuickBooks offers significant help to businesses by:

  • Offering incentives
  • Meeting expenses related to work
  • Offering a professional development

How Can One Setup a Per Diem Payroll Item in QuickBooks?

If you wish to set up a per diem payroll item in QuickBooks, then you have arrived at the right place. It is essential to create a payroll item in order to register a per diem payment. And then the particular amount is added to the paycheck.

Step 1: Click on the Workers Menu Option

You have to click on the Workers menu in the QuickBooks account and then opt for the Employees option.

Step 2: Choose the Particular Worker

Next, you have to choose the one individual (the worker) to open the profile of that person. This can be done on the Employees page.

Step 3: Choose the Pay Under Employee

Following Step number 2, you have to choose the pencil icon. Next, you have to select Pay under the employee details option.

Step 4: Choose the Additional Pay Types

You have to choose the additional payment types. This is essential to link in the section “How much do you pay this employee”.

Step 5: Specify the Amount in the Recurring Amount Section

Finally, you have to choose the Reimbursement and then specify the amount in the section labeled Recurring amount. Once you are done, you should click Done.

How Can One Setup the Bonus Payroll Item in QuickBooks?

You might not have the requirement to create a new item. You then have to abide by the steps to configure the payroll item in case of a bonus.

Step 1: You have to visit the QuickBooks menu and you have to click on the list tab.

Step 2: You have to select the Payroll from the list of options that are provided to you.

Step 3: You should then scroll down to figure out the payment item button. You can easily locate this on the bottom left of the screen.

Step 4: You have to then choose to click upon the “New” tab.

Step 5: You have to select Custom setup and following this, you have to click on Next.

Step 6: Next, you have to select the wage options and then click on Next.

Step 7: Following this, you have to choose Bonus, specify the name of the employee, and then click on Next.

Step 8: Next, you have to find out the expense account where you wish for an item to be tracked.

Step 9: Once you are through with the process, you should click on the finish button and your configuration will be perfectly set for a payroll item for bonuses.

The article highlights everything you need to know about setting up Per Diem Payroll Item in QuickBooks Desktop. You get to know the steps that you have to follow and why is it necessary and its benefits.

And if you have any queries regarding how to set up Per Diem Payroll Item in QuickBooks Desktop, You should get in touch with our Dancing Numbers expert team via LIVE CHAT.

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Frequently Asked Questions (Faqs)

How to Record the Per Diem?

In order to record the per diem, you have to follow the steps below.

Step 1: After selecting Payroll, choose Employees.

Step 2: Click to open after selecting the employee’s name.

Step 3: Choose + Add more pay types after scrolling down (like overtime and sick pay).

Step 4: Select Additional payment options.

Step 5: Next, choose the appropriate pay categories for the per diem. Choose Non taxable Per Diem if you like.

Step 6: Click Save, followed by Done.

How to Pay a Contractor with a Paper Check?

In order to pay a contractor with a paper check, you have to abide by the following steps:

Step 1: Select the Contractors tab from the Payroll menu.

Step 2: Select the contractor’s name from the dropdown menu that appears. Then, you should write a check.

Step 3: From the Corresponding account in the QuickBooks field, choose the expenditure account you employ to keep track of your paychecks. Your chart of accounts’ expenditure account is where QuickBooks records the expense. It is not the bank account from which the payment is debited.

Step 4: To submit the check to your print queue, click Save and Close.

What Are the Potential Drawbacks of Using Per Diem?

Only meal expenses incurred while traveling for work are covered by per diems for the self-employed, and for all firms, per diem reimbursements are not considered taxable income to the employee if they are less than or equal to the federal per diem rate.

Employers have to be aware of whether employees are committing expense report fraud.

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Employee Payroll
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Frequently Asked Questions

 
How and What all can I Export in Dancing Numbers?

You need to click "Start" to Export data From QuickBooks Desktop using Dancing Numbers, and In the export process, you need to select the type you want to export, like lists, transactions, etc. After that, apply the filters, select the fields, and then do the export.

You can export a Chart of Accounts, Customers, Items, and all the available transactions from QuickBooks Desktop.


How can I Import in Dancing Numbers?

To use the service, you have to open both the software QuickBooks and Dancing Numbers on your system. To import the data, you have to update the Dancing Numbers file and then map the fields and import it.


How can I Delete in Dancing Numbers?

In the Delete process, select the file, lists, or transactions you want to delete, then apply the filters on the file and then click on the Delete option.


How can I import Credit Card charges into QuickBooks Desktop?

First of all, Click the Import (Start) available on the Home Screen. For selecting the file, click on "select your file," Alternatively, you can also click "Browse file" to browse and choose the desired file. You can also click on the "View sample file" to go to the Dancing Numbers sample file. Then, set up the mapping of the file column related to QuickBooks fields. To review your file data on the preview screen, just click on "next," which shows your file data.


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XLS, XLXS, etc., are supported file formats by Dancing Numbers.


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Dancing Numbers offers four varieties of plans. The most popular one is the basic plan and the Accountant basic, the Accountant pro, and Accountant Premium.


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How can I Import Price Level List into QuickBooks Desktop through Dancing Numbers?

First, click the import button on the Home Screen. Then click "Select your file" from your system. Next, set up the mapping of the file column related to the QuickBooks field. Dancing Numbers template file does this automatically; you just need to download the Dancing Number Template file.

To review your file data on the preview screen, just click on "next," which shows your file data.


What are some of the features of Dancing Numbers to be used for QuickBooks Desktop?

Dancing Numbers is SaaS-based software that is easy to integrate with any QuickBooks account. With the help of this software, you can import, export, as well as erase lists and transactions from the Company files. Also, you can simplify and automate the process using Dancing Numbers which will help in saving time and increasing efficiency and productivity. Just fill in the data in the relevant fields and apply the appropriate features and it’s done.

Furthermore, using Dancing Numbers saves a lot of your time and money which you can otherwise invest in the growth and expansion of your business. It is free from any human errors, works automatically, and has a brilliant user-friendly interface and a lot more.


Why should do you change the Employee status instead of deleting them on QuickBooks?

If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments.


Is it possible to use the Direct Connect option to sync bank transactions and other such details between Bank of America and QuickBooks?

Yes, absolutely. You can use the Direct Connect Option by enrolling for the Direct Connect service which will allow you access to the small business online banking option at bankofamerica.com. This feature allows you to share bills, payments, information, and much more.


Why should do you change the Employee status instead of deleting them on QuickBooks?

If you are unable to see the option to terminate an employee on your list of active employees on the company payroll, this mostly implies that they have some history. Thus, if you change the employee status instead of deleting it on QuickBooks, the profile and pay records remain in your accounting database without any data loss in your tax payments.


What are the various kinds of accounts you could access in QuickBooks?

QuickBooks allows you to access almost all types of accounts, including but not limited to savings account, checking account, credit card accounts, and money market accounts.

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