How do I record tips on employee's behalf?
Last modified 6/18/2020 8:07:52 AM EST |
Added by Paywow Team
Applicable To
Complete Payroll
Contractor Pay
Employees
Contractors
Employees who receive tips (cash & paycheck) for the services rendered must record them in myPayWow as tips are taxable income and impact tax calculation. An administrator can also add tips on employees' behalf.
Unlike paycheck (credit card) tips where tip amounts will be paid to the employees as part of their paychecks, cash tips will not be paid and are recorded for tax calculations only.
To add a tip:
- Go to Payroll >> Tips >> Add a Tip.
- Select the Employee for whom the tip needs to be added.
- Select Date, Tip type (Cash/Credit Card), and enter Tips Amount, Bill Number, and Notes if any.
- Click Save.
The Tip Summary displays employee tip details.
To learn more about integrating tips, click here.