CHAPTER 11. CHAPTER 11 OVERVIEW Enable Payroll Set Up Payroll Create Employee List Print...
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Transcript of CHAPTER 11. CHAPTER 11 OVERVIEW Enable Payroll Set Up Payroll Create Employee List Print...
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CHAPTER 11
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CHAPTER 11 OVERVIEW
Enable PayrollSet Up PayrollCreate Employee ListPrint PaychecksPay Payroll LiabilitiesPrint Payroll Forms and
ReportsCOMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
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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
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
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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
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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
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1. Use the Help menu
2. Search for “process payroll manually”
CALCULATE PAYROLL MANUALLY
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
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3. Select: “manual payroll calculating”
4. Select: “set my company file to use manual tabulation”
CALCULATE PAYROLL MANUALLY
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
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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
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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
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After entering time, prepare and print paychecks.
PRINT PAYCHECKS
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
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Payroll liabilities consist of: Federal income tax withheld State income tax withheld FICA FUTA SUTA
PAYROLL LIABILITIES
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
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Common payroll tax forms: Form 941 Form 940
PAYROLL FORMS
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
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TURN TO CHAPTER 11
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COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009