Sometimes you may need to add additional payments or deductions to your employee's pay. In this article we'll review how to assign a deduction, bonus or benefit to an employee.
- On the left-side menu, click Payroll > Employees.
- Find the employee you want to update and click the pen icon.
- Click Benefits & Deductions.
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Select Add to pay or Deduct from pay in the top right corner.
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Add provides a list of benefits and allowances. Deduct provides a list of before-tax and after-tax deductions. Select one from the list.
Learn about the types of benefits and deductions only available in your business’ country in [Canada] Types of payroll benefits and deductions or [US] Types of payroll benefits and deductions.
- Enter text in the Pay stub label field to provide a note.
- Enter the dollar amount.
- Select a frequency in the Occurs field.
- Click Save and the addition or deduction will appear on your employee's next approved pay.
Deduction amounts must be deposited to applicable accounts outside of Wave.
The Benefits & Deductions page displays all active and expired benefits and deductions so you can see everything in one place.
To review the benefits and deductions included on previous payrolls: on the left-side menu, click Reports, then select the Payroll Benefits and Deductions Report.