Setting up Vacation Policies in Quickbooks

Quick Books Vacation Setup

Vacation time is an opportunity for workers to rest and return to work rejuvenated.

Time off can increase productivity, boost morale and instill
an appreciation for the benefits of working for a company.

Surprisingly, not accounting for this diligently can cost the company money. Many employers often complain about this.

To set up an employee to track sick/vacation in QuickBooks Pro and Premier:

1) Click on Employees on the top menu bar, then choose Employee Center.

2) Double-click the employee’s name.

3) From the Change tabs drop-down menu, select Payroll and Compensation Info.
Click Sick/Vacation.

4) In the Vacation part of the Sick & Vacation window, enter the amount of hours of vacation currently available for the employee in the Hours Available as of box. Note: This is the hours available as of today regardless of the date field. The date field defaults to the employee’s hire date in QuickBooks and does not impact the accruals. This field should indicate the amount of time available as of today.
In the Accrual period drop-down box, select how often the employee will accrue vacation.

There are 3 different ways to accrue Sick and vacation in QuickBooks:

Beginning of Year–Grant a certain amount of hours in the beginning of year.

Every Paycheck–Accrue certain number of hours per paycheck

Every Hour on Paycheck–Accrue every hour on paycheck.

In the Hours Accrued window, enter the amount of hours that will be accrued based on how often the employee accrues hours which you selected in the Accrual period drop-down box.

Enter the total amount of vacation hours the employee can have in the Maximum number of hours window.
Click the Reset hours each new year box if you want the number of vacation hours for the employee to start over at zero each new calendar year.

Click OK twice

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CPA Deerfield Beach

Quickbooks Setup

Quickbooks Consultant

The chart of accounts is the first part of the setup. This is the foundation to getting your QuickBooks in order.

Making a good chart of accounts is can save cost, time later, money and frustration. We can have your QuickBooks setup correctly to suit your particular needs.

When is set-up and working properly, we can train the staff to operate QuickBooks specifically for your business. If you are a small business you understand the importance of keeping current and accurate financial records. And, with accurate information you can make educated decisions regarding your business!

Keep in mind – we are training you or your staff in how to use QuickBooks. We are NOT training you how to be an accountant. We’ll make it easy to understand and move at a pace that you’re comfortable with.

Why choose one-on-one attention instead of taking a class?

We’ll come to your location

• We’ll focus on the individual issues facing your business
• We’ll be there to answer your specific questions and concerns
• No need to spend time on features that don’t impact your business
• It’s probably cheaper than you think
• You learn at your own pace

How Do We Get Started?

Call or fill out the contact form so we can learn a little more about your specific needs.

Next we’ll send you a detailed list of topics we’ll cover.

And lastly, we’ll schedule your training either at your office or ours.

(Click here to see the full QuickBooks training outline)