Income Tax Class for Employees

Feature

Starting with Goldenseal accounting software version 3.6, you can assign each Employee account to a different Income Tax Class.

That might be useful for the Income Taxes report, if for some reason you put different types of wages into different categories. However, it's more useful in the Profit & Loss Statement report, if you are using Income Tax Classes as a way to break down expenses.

Suggested By

User request.

How to Use

To enter an Income Tax Class for an employee, follow these steps:

1. Choose Employees from the Accounts menu.
2. Locate the employee you'd like to change.
3. Click the Contact Info button.
4. Enter a category into the Income Tax Class field.
5. Click OK.

Technical Details

In Goldenseal construction accounting software versions 3.5 and earlier, all payroll expenses go into a single, fixed category in the Income Taxes report, and the Profit & Loss Statement when it uses the Income Tax Class.

In Goldenseal 3.6 and later, it will still use the fixed category if the Income Tax Class field is blank. But if you enter a different category in an Employee account, their payroll costs will go into that category instead.

Entered 4/12/06 by Casey.