How-To Tuesday: Entering a Custom Deduction on PayWow


Typical payroll deductions that must be withheld from employees’ pay include Federal and state income taxes, social security, and Medicare tax. On the other hand, some payroll deductions are optional and may be taken out of a paycheck on a pre-tax or post-tax basis. These deductions are considered custom or voluntary deductions. Some examples of voluntary deductions include HSA plans, health insurance, and loan repayments.

With PayWow, adding a custom deduction to your payroll is simple. Here’s how:

  1. From the dashboard, navigate to the settings tab

2. In settings, navigate to the payroll settings section.

3. From payroll settings, select the “Deductions” tab.

4. You will then be able to view all of your current deductions, how they are taxed, who they are applicable to, and the amount. To add a deduction, select the “Add Deduction” button in the upper right corner.

5. To add the deduction, you will need to provide the deduction name, the amount, and whether it will be a post-tax or pre-tax deduction. You will also need to specify whether the deduction is applicable for employees, contractors, or both. Once you’ve provided this information, select the “Save” button.

6. Your new deduction will now be listed.

7. If you ever need to edit your deduction, you can select the edit icon in the “Action” column. If you want to delete a deduction, you can select the trash icon in the “Action” column.

PayWow

PayWow specializes in providing industry-specific payroll solutions because we understand that every business is unique. Thus, PayWow makes it easy to customize your payroll to fit your business’s exact needs. With PayWow, you can easily add, edit, or delete deductions from your payroll. With PayWow, your payroll will be a breeze!


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