Chapter 4: Employees

Employees In Chapter 4, you learn how Peachtree processes payroll. Once default and employee maintenance information is set up, payroll is a simple process. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Software Objectives, p. 127 Restore data from Exercise 3-2. (This back up was made on page 124.) Enter and store information using the “Maintain Employees/Sales Rep” window. Set up default information for payroll. Store constant information about payment methods for payroll. Enter paychecks in the “Payroll Entry” window. Print employee paychecks. Make two backups: one blank, formatted disk for Chapter 4 backup; one blank, formatted disk for the Exercise 4-2 backup. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Web Objectives, p. 127 Use your Internet browser to go to the book’s website at www.mhhe.com/business/accounting/yacht2002 Complete the Internet activity for the American Institute of CPAs. Use a word processing program to write a summary about the websites(s) that you visited. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Peachtree Tips All work in Chapters 1, 2, and 3, including the end-of-chapter exercises, should be completed before starting Chapter 4. You print paychecks on plain paper. The paychecks illustrated in the book are on preprinted paycheck forms. When you are ready to print paychecks, you pick a form to print. The paycheck form selected is tied to the kind of printer you are using. For example, if you are using an HP DeskJet 520 printer, the form selected is “PR MultiP Checks 2 Stub.” You may need to make a different selection for printing forms depending on the kind of printer being used. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Peachtree Tips In Chapter 13, Payroll, you will learn how to set the defaults for the payroll accounts. Each employee and employer deduction will be set for individual liability accounts and expense accounts. (Comment box, p. 137) McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Backing Up Chapter 4 Disks Backup Name KB Page Nos. 8 of 18 Use one blank, formatted disk to back up Chapter 4 on pages 142-143. You will need another blank, formatted disk to back up Exercise 4-2 on page 149. You can reformat disks used in earlier chapters. If you do not reformat disks, you will need 14 blank, formatted disks for Chapters 1 –8 (Part 1 of the text). Disks Backup Name KB Page Nos. 8 of 18 A:\Chapter 4.ptb 763 142-143 9 of 18 A:\Exercise 4-2.ptb 760 149 McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Chapter 4 Topics Software & web objectives, p. 127 Getting started, p. 129 Default information, pp. 130-133 Maintain employees, pp.133-134 Payroll tasks, p. 135 a. Payroll entry for an hourly employee, pp. 135 -137 b. Payroll entry for a salaried employee, pp. 138-139 c. Printing payroll checks, pp. 139-142 Journal entry for payroll, p. 142 McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Chapter 4 Topics concluded Backing up chapter 4 data, pp. 142-143 Internet Activity, p. 143 Summary and review, pp. 143-144 a. Going to the Net, p. 144 b. Short-answer questions, pp. 145-148 c. Exercise 4-1, p. 148 d. Exercise 4-2, p. 149 e. Chapter 4 index, p. 150 McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

“Employee Defaults” window, p. 130 From the menu bar, select Default Information, then select Employees. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

“Maintain Employees/Sales Reps,” p. 133 From the menu bar, click on Maintain, then Employees/Sales Reps. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

“Maintain Employees/Sales Reps,” p. 134 From the menu bar, click on Maintain, then Employees/Sales Reps, click on the magnifying glass icon in the Employee ID box, then select KARROMDEE-01, Kyle Arromdee. Select the “Pay Info” folder tab. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Payroll Entry for hourly employee, p. 137 The completed “Payroll Entry” on page 137 is shown below. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Payroll Entry for salaried employee, p. 138 The completed “Payroll Entry” on page 138 is shown below. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Chapter 4, Internet Activity, p. 143 Go to the book’s website at www.mhhe.com/business/accounting/yacht2002 2 In the “Student Center” list, link to Internet Activities. 3 Link to WEB EXERCISES PART 1. 4 Scroll down the screen to “THE AMERICAN INSTITUTE OF CPAs.” Complete steps 1-3. 5 Using a word processing program, write a summary about the sites you selected. Include the website address in your summary (maximum length, 75 words; minimum length, 50 words. McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003

Going to the Net, p. 144 Access the Pro2Net Accounting website at http://accounting.smartpros.com Move your cursor over the Career Center link. From the Career Center drop-down list, select Salary Study. Read the synopses of the articles shown. What types of accounting jobs are most in demand? Compare the percentage increase in starting salaries for accountants in 2001 with 2000. Why are both technical skills and business acumen necessary for today’s accountants? McGraw-Hill/Irwin © The McGraw-Hill Companies, Inc., 2003