QB Issue Resolution:

QB takes the annual salary and factors it into checks. You are essentially paying a Year’s salary in less than a year’s time?

QB uses Annual Salary / Frequency = gross pay. So, calculate the equivalent:

Multiply each side by the Frequency

Annual Salary times (Freq/Freq = 1) = Gross Pay * Freq

Your guesstimate of $2,777 * 26 = $72,200 annualized


18 payments / 26 payments = .7 or 70% left

50000 / 70% = $71,429 Annualized

And $71,429 / 26 = $2,747, not $2,777. Your guesstimate is a bit high.

Resolution for Issue 'How to prorate a $50,000 salary over the remaining 18 paychecks remaining in 2015?' available: Yes (Solved).
Source: Intuit Community forum.

How to prorate a $50,000 salary over the remaining 18 paychecks remaining in 2015?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for Employee
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!

Error Recovery for Employee [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.

Get 50% off Quickbooks Online

Click Here for 50% off!

Additional Support Options: