Enter Overtime Hours for Salary Employees using Time Tracking or Weekly Time Sheet

Enhanced PremierPayroll Users can use time entries/weekly time sheet to enter overtime hoursfor the salary employees without manually editing their paycheck or changingthe compensation type.

Create theEarning:Salary payroll item.

1.  Navigate to Lists > Employees > Payroll Items > New.

2.  Choose the Earning:Salary payroll item type.

3.  Enter the Item Name.

4.  In the Pay Code field, select the code. This will determine the taxability of the item.

5.  Click the Save button.

6.  Navigate to Lists > Employees > Payroll Items. Click Edit next to the payroll item.

7.  Apply the payroll item to theemployees by ticking the Apply checkboxnext to the employee name.

8. Enter the Rate.This is the annual salary amount. Tick the Defaultand Primary checkbox.

9. Click the Savebutton.

Create theEarning:Wage Overtime payroll item.

1.  Navigate to Lists > Employees > Payroll Items > New.

2.  Choose the Earning:Wage payroll item type.

3.  Enter the Item Name.

4.  In the Pay Code field, select the code. This will determine the taxability of the item.

5.  Tick the Allowentry from Create Payroll checkbox

6.  Optionally, you can enter the following:

•    Derived From – Select apayroll item from the list, and enter a number in the Rate Multiplierfield. The Rate Multiplier field is hidden until you select a DerivedFrom value. These fields are available only when the Enhanced PremierPayroll feature is enabled.

7.  Click the Save button.

8. Navigate to Lists> Employees > Payroll Items. Click Edit next to the payroll item.

9. Apply the payroll item to the employees byticking the Apply checkbox next tothe employee name.

10. Enter the Rateof the overtime if you have not chosen to use the Derived From. Users needs to get the hourly rate of theemployee to compute for the time and a half.

11.  Navigate to Setup > Payroll > Update Payroll Information. Tick the Agree checkbox. Click the Commit Updates button.

12.  Enter the overtime hours via weekly timesheet or time tracking.

Disclaimer: This article does not constitute tax, legal, or accounting advice and neither NetSuite, nor its agents, employees, or representatives are in the business of offering such advice.  Please consult your tax, legal, and accounting advisors for tax, legal, or accounting advice.