With after the fact paycheck feature, ezAccounting payroll software allows customers to enter the federal and state taxes manually.
Accountants can use this feature to record paychecks from clients. Small business owners and HR managers can also use this feature if they switch to ezAccounting software in mid-year and they prefer to enter the old checks one by one into ezAccounting system instead of using manual YTD feature.
Here are two options:
Option 1: Enter taxes manually
For example: Company ABC started ezAccounting from Nov 2017. they need to record the 2 paychecks they issued in Oct. The two paychecks were calculated manually before. ezAccounting 2017 and later will allow customers to enter the tax information manually.
- For Federal tax
Set Number of Allowance for Federal to 99. For the field of Extra withhold, enter the federal tax you need to withhold for that check.
- For State tax
Set Number of Allowance to 99. For the field of Extra withhold, enter the amount you need to withhold for that check.
Click the next button and click finish button to save the changes.
ezAccounting software is the right in house accounting solution for small businesses needing to document and report on incoming and outgoing cash flow including sales, receipts, payments and purchases. It also supports payroll processing and tax form printing.
If you have not installed this software, you can download and try it free with no obligation and no credit card needed.
This accounting software is compatible with Windows 11, 10, 8, 7, Vista and other Windows computers.
ezAccounting makes it easy to track income and cost!
