Skip to main content

Notifications

Announcements

No record found.

Microsoft Dynamics GP (Archived)

Payroll and Tips/Taxes. How do I enter tips for reporting purposes during the payroll run.

Posted on by 50

Hello everyone,

I have a client who pays out tips each night from the till.  During payroll, they only want to report the tips received and calculate the taxes for that income.  I cannot figure out how to enter the tip amount without it adding to gross wages. 

Any help on this will be very much appreciated.

Thank you, Kerry

*This post is locked for comments

  • Suggested answer
    L Vail Profile Picture
    L Vail 65,271 on at
    RE: Payroll and Tips/Taxes. How do I enter tips for reporting purposes during the payroll run.

    Hi,

    Create a pay code of the type 'Reported Tips'. Amounts included in this pay code are included in taxable income, and are used to calculate taxes, but are not included on the paycheck. 

    Does that work?

    Leslie 

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

December Spotlight Star - Muhammad Affan

Congratulations to a top community star!

Top 10 leaders for November!

Congratulations to our November super stars!

Tips for Writing Effective Suggested Answers

Best practices for providing successful forum answers ✍️

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 291,280 Super User 2024 Season 2

#2
Martin Dráb Profile Picture

Martin Dráb 230,214 Most Valuable Professional

#3
nmaenpaa Profile Picture

nmaenpaa 101,156

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans