C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2010 C HAPTER 6 Donna Kay Maryville University of Saint Louis

C HAPTER 6 O VERVIEW  Employee List  Time Tracking  Transfer Time to Invoices  Print Paychecks  Pay Payroll Liabilities  Payroll Reports COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

E MPLOYEE N AVIGATION COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

E MPLOYEE L IST  Contains employee information, such as name and address  Access from Home page or Employee Center COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

P AYROLL S ETUP  Customize to company needs  Set preferences and defaults COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

P ROCESSING P AYROLL IN Q UICK B OOKS 1.Enter Time 2.Pay Employees 3.Pay Liabilities 4.Process Payroll Forms COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

E NTER T IME U SING 1.Stopwatch 2.Timesheet 3.Online Timesheet COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

T RANSFER T IME T O I NVOICES : COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

P AY E MPLOYEES Calculate withholdings and employee net pay:  Manually calculate payroll taxes  Use QuickBooks payroll service:  Intuit Online Payroll  QuickBooks Basic Payroll  QuickBooks Enhanced Payroll  QuickBooks Assisted Payroll Service COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

P AY E MPLOYEES Print paychecks:  Voucher checks  Standard checks and paystubs COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

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! COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

P AYROLL R EPORTS Includes:  Payroll reports: How much do we pay for payroll?  Project reports: How much time did we use? COMPUTER ACCOUNTING WITH QUICKBOOKS 2010

T O L EARN M ORE … Turn to Chapter 6 Visit the Online Learning Center Visit the Student Blog COMPUTER ACCOUNTING WITH QUICKBOOKS 2010