C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2012 C HAPTER 11 Donna Kay Copyright © 2013 by The...
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Transcript of C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2012 C HAPTER 11 Donna Kay Copyright © 2013 by The...
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COMPUTER ACCOUNTING WITH
QUICKBOOKS 2012
CHAPTER 11
Donna Kay
Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin
Merchandising Corporation: Payroll
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CHAPTER 11 OVERVIEW
Enable Payroll Set Up Payroll Create Employee List Print Paychecks Pay Payroll Liabilities Print Payroll Forms and Reports
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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
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PAYROLL OPTIONS
When you process QuickBooks payroll, you can:Calculate payroll manually (Chapter 11)Use a QuickBooks payroll service (Chapter 6)
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QUICKBOOKS PAYROLL SERVICES
QuickBooks Payroll Services automatically calculates tax withholdings and requires an Internet connection
QuickBooks Payroll Services include: Basic Payroll Enhanced Payroll Assisted Payroll
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1.Use the Help menu.
2.Search for manual payroll.
3.Select Process payroll manually.
CALCULATE PAYROLL MANUALLY
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CALCULATE PAYROLL MANUALLY
4. Select manual payroll calculations.
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CALCULATE PAYROLL MANUALLY
5. Select Set my company file to use manual calculations.
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After you enable QuickBooks to process payroll manually…Go to Payroll SetupEnter Employee ListEnter TimePay EmployeesPay LiabilitiesProcess Payroll Forms
QUICKBOOKS MANUAL PAYROLL
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PAYROLL SETUP
Use QuickBooks Payroll Setup to enter information such as:Employee compensationEmployee benefitsOther additions and deductionsEmployee tax information
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PRINT PAYCHECKS
After entering time:
1.Enter payroll information
2.Review & create paychecks
3.Print and distribute paychecks
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PAYROLL LIABILITIES
Payroll liabilities consist of: Federal income tax withheld State income tax withheld FICA FUTA SUTA
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PAYROLL FORMS
Common payroll tax forms: Form 941 Form 940
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TO LEARN MORE …
Turn to Chapter 11
Visit the Online Learning Centerhttp://www.mhhe.com/kay2012Visit www.myquickbooks.me
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