Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2015 C HAPTER 6 Donna Kay

6-2 C HAPTER 6 O VERVIEW  Employee List  Time Tracking  Transfer Time to Invoices  Print Paychecks  Pay Payroll Liabilities  Payroll Reports

6-3 E MPLOYEE N AVIGATION

6-4 E MPLOYEE L IST  Contains employee information, such as name and address  Access from Home page or Employee Center

6-5 P AYROLL S ETUP  Customize to company needs  Set preferences and defaults

6-6 P ROCESSING P AYROLL 1.Enter Time 2.Pay Employees 3.Pay Liabilities 4.Process Payroll Forms

6-7 E NTER T IME 1.Stopwatch 2.Timesheet

6-8 T RANSFER T IME T O I NVOICES

6-9 Q UICK B OOKS P AYROLL Calculate withholdings and employee net pay  Manually calculate payroll taxes  Use QuickBooks payroll services  Basic Payroll  Enhanced Payroll  Assisted Payroll  Enhanced Payroll for Accountants

6-10 E MPLOYEE C ENTER P AYROLL C ENTER

6-11 P AY E MPLOYEES Print paychecks:  Voucher checks  Standard checks and paystubs

6-12 P AY E MPLOYEES 1. Select Pay Employees 2. Select Start Unscheduled (or Scheduled) Payroll

6-13 P AY E MPLOYEES 3. Enter Pay Period Ends 4. Enter Check Date 5. Select Employee 6. Select Continue

6-14 P AY E MPLOYEES 7. Select Print paychecks from QuickBooks 8. Select Bank Account 9. Select Create Paychecks

6-15 P AY E MPLOYEES 10. Select Print Paychecks 11. Select Paycheck to print 12. Select Bank Account 13. Enter First Check Number 14. Select OK

6-16 P AY L IABILITIES Pay payroll tax liability  Federal income taxes withheld  State income taxes withheld  Social security and Medicare, both employee and employer portions  Unemployment taxes …and don’t forget to file payroll tax forms.

6-17 P AYROLL R EPORTS Includes:  Payroll reports: How much do we pay for payroll?  Project reports: How much time did we use?

6-18 See Chapter 6 Visit the Online Learning Center Visit T O L EARN M ORE …