Quarterly Payroll

Question

Would anyone here be willing to share with me how you do your quarterly payrolls when you only have the monthly option available?

StephenC · Answer

Since there is no quarterly option, you'll have to leave them set up as monthly. I would recommend you manually calculate a quarterly check using IRS Publication 15/Circular E or you can Google "paycheck calculator" to find an online calculator. Then adjust each employee's filing status and allowances in Sage 50 to get the taxes to calculate as close as possible to your manual calculation. Just to be clear, you should only have to do that once. I'm not suggesting you do that for every payroll. 
 By the way, I would only recommend this if the employee is only paid quarterly. If you do a quarterly commission or bonus for employees that also get a weekly/bi-weekly/monthly paycheck, then just process the quarterly checks using the same settings as their normal paychecks.

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Quarterly Payroll

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