C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2012 C HAPTER 11 Donna Kay.
14
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012 CHAPTER 11 Donna Kay
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Transcript of C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2012 C HAPTER 11 Donna Kay.
COMPUTER ACCOUNTING WITH
QUICKBOOKS 2012
CHAPTER 11
Donna Kay
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 2012
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 2012
PAYROLL OPTIONS
When you process QuickBooks payroll, you can: Calculate payroll manually
(Chapter 11) Use a QuickBooks payroll service
(Chapter 6)
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
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
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
1.Use the Help menu.
2.Search for manual payroll.
3.Select Process payroll manually.
CALCULATE PAYROLL MANUALLY
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
CALCULATE PAYROLL MANUALLY
4. Select manual payroll calculations.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
CALCULATE PAYROLL MANUALLY
5. Select Set my company file to use manual calculations.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
After you enable QuickBooks to process payroll manually… Go to Payroll Setup Enter Employee List Enter Time Pay Employees Pay Liabilities Process Payroll Forms
QUICKBOOKS MANUAL PAYROLL
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
PAYROLL SETUP
Use QuickBooks Payroll Setup to enter information such as: Employee compensation Employee benefits Other additions
and deductions Employee tax
information
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
PRINT PAYCHECKS
After entering time:
1. Enter payroll information
2. Review & create paychecks
3. Print and distribute paychecks
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
PAYROLL LIABILITIES
Payroll liabilities consist of: Federal income tax withheld State income tax withheld FICA FUTA SUTA
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
PAYROLL FORMS
Common payroll tax forms: Form 941 Form 940
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
TO LEARN MORE …
Turn to Chapter 11
Visit the Online Learning Centerwww.mhhe.com/kay2012
Visit www.myquickbooks.me
COMPUTER ACCOUNTING WITH QUICKBOOKS 2012
