Set Up General Company-wide Payroll Settings

Establish company-wide settings for your Payroll.

If your firm uses multiple companies, you establish these settings for each company.

To establish general company-wide payroll settings:

  1. On the Navigation menu, click Settings > Payroll > General.
  2. On the General tab of the Payroll Setup form, specify the W-2 Year, the Payroll frequency, bank accounts, and other basic information.
  3. If you want to print employees' Social Security numbers on their paychecks, click the Checks tab and then select the Print Social Security number on paychecks option.
    Do not select this option if you want to hide Social Security numbers on both checks and some payroll reports.
  4. In the Account field on the FICA tab, specify the account that is debited during payroll processing for your company’s portion of FICA expenses.
  5. Optional. Use the Post FICA to AP Voucher option to specify that you want to post the employer's portion of the FICA contribution as a journal entry.
  6. Optional. Click the Other Pay Setup tab to specify Other Pay accounts and settings.
  7. Click Save.