How do I Record Tips in myPayWow?
Last modified 6/18/2020 6:02:48 AM EST |
Added by Paywow Team
As tips are taxable income, it's required that you record both your cash and paycheck (credit card) tips. Cash tips, though received directly, need to be added for tax calculations.
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Here’s how to add a tip:
- From the left flap menu, select Tips.
- Tap Add a tip to add a tip.
- Pick the received date.
- Enter the tip Amount, Bill Number and add Notes if applicable.
- Choose the Tip Type - Cash or Credit Card
- Tap Save.
Tips will be taxed as regular wages. Once payment is processed, cash and paycheck tips will appear on pay stubs as separate entries.