CHAPTER 11

CHAPTER 11 OVERVIEW

Enable PayrollSet Up PayrollCreate Employee ListPrint PaychecksPay Payroll LiabilitiesPrint Payroll Forms and

ReportsCOMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

1. Select Edit, Preferences.

2. Select Payroll & Employees.

3. Click Company Preferences tab.

4. Select Full payroll.

5. Display Employee List by: Last Name.

ENABLE PAYROLL

COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

When you process payroll using QuickBooks, you can:

Calculate payroll manually (used in this chapter)

Use a QuickBooks payroll service (used in Chapter 6)

SET UP PAYROLL

COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

QuickBooks Payroll Services automatically calculate tax withholdings and require an Internet connection

Payroll Services include:QuickBooks Basic PayrollQuickBooks Standard PayrollQuickBooks Enhanced PayrollQuickBooks Assisted PayrollStand-Alone Online Payroll

QUICKBOOKS PAYROLL SERVICES

COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

1. Use the Help menu

2. Search for “process payroll manually”

CALCULATE PAYROLL MANUALLY

COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

3. Select: “manual payroll calculating”

4. Select: “set my company file to use manual tabulation”

CALCULATE PAYROLL MANUALLY

COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

After you enable QuickBooks to process payroll manually, you will:

Go to Payroll SetupEnter Employee ListEnter TimePay EmployeesPay LiabilitiesProcess Payroll Forms

MANUAL PAYROLL WITH QUICKBOOKS

COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

Use the QuickBooks Payroll Setup wizard to enter information like:

Employee compensationEmployee benefitsOther additions

and deductionsEmployee tax

information

PAYROLL SETUP

COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

After entering time, prepare and print paychecks.

PRINT PAYCHECKS

COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

Payroll liabilities consist of: Federal income tax withheld State income tax withheld FICA FUTA SUTA

PAYROLL LIABILITIES

COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

Common payroll tax forms: Form 941 Form 940

PAYROLL FORMS

COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

TURN TO CHAPTER 11

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COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009