Are you tired of writing separate payroll and expense checks for your employees? Did you know that Dynamics GP can help you streamline this process? The
To get started using
- Create a new “Business Expense” pay code
- Determine if you want the reimbursements to be reported as wages or subject to taxes. If you don’t, be sure that those options are not selected.
- Set up the appropriate GL posting accounts for the pay code in the Payroll Posting Accounts Setup window.
Now, when you process payroll for the employee whom you’d like to reimburse, enter a transaction for this new “Business Expense.” Assuming that the expense is non-taxable and you chose the appropriate options as described above, the expense amount you enter will be included on the paycheck, but not on the employee’s W-2 or in their taxable wages.
Beth Hodge, Microsoft Business Management Solutions Professional, Intelligent Technologies, Inc.