New Payroll Item

You create a new payroll item from Payroll Item List.

In the Payroll Item List, click New button to create a new payroll item.  Enter a name for the payroll item, enter or select an account for the payroll item, select the type of the payroll item and if it is an income select a pay code. For more information please see Payroll Item topic.

A payroll item needs to be assigned to an account.  The type of account depends on the type of payroll item.  If the type is Income, you may need and expense account, such as salary expense. If the type is a deduction, you may need a liability account, such as employee loan.