13
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 11
COMPUTER ACCOUNTING WITH
QUICKBOOKS 2011
CHAPTER 11
CHAPTER 11 OVERVIEW Enable Payroll Set Up Payroll Create Employee List Print Paychecks Pay Payroll Liabilities Print Payroll Forms and Reports
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
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 2011
SET UP PAYROLL
When you process payroll, you can:Calculate payroll manually (Chapter 11)Use a QuickBooks payroll service (Chapter 6)
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
QUICKBOOKS PAYROLL SERVICES
QuickBooks Payroll Services automatically calculates tax withholdings and requires an Internet connectionPayroll Services include: Intuit Online Payroll QuickBooks Basic Payroll QuickBooks Enhanced Payroll QuickBooks Assisted Payroll Service
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
1.Use the Help menu.2.Search for process payroll manually.
CALCULATE PAYROLL MANUALLY
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
CALCULATE PAYROLL MANUALLY
3.Select manual payroll calculations.4.Select Set my company file to use
manual calculations.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
QUICKBOOKS MANUAL PAYROLL
After you enable QuickBooks to process payroll manually…Go to Payroll SetupEnter Employee ListEnter TimePay EmployeesPay LiabilitiesProcess Payroll Forms
1 2 3
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
PAYROLL SETUP
Use the QuickBooks Payroll Setup wizard to enter information such as:Employee compensationEmployee benefitsOther additions and deductionsEmployee tax information
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
PRINT PAYCHECKS
After entering time, prepare and print paychecks.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
PAYROLL LIABILITIES
Payroll liabilities consist of:Federal income tax withheldState income tax withheldFICAFUTASUTA
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
PAYROLL FORMS
Common payroll tax forms:Form 941Form 940
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
TO LEARN MORE …
COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
Turn to Chapter 11
Visit the Online Learning Centerwww.mhhe.com/kay2011
Visit the Student Blogwww.myquickbooks.me
