LESSON 12-3 Preparing Payroll Records

Slides:

Advertisements

Similar presentations

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-3 Preparing Payroll Records.

Advertisements

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

LESSON 12-1 Preparing Payroll Time Cards Did you know… Payroll is one of the largest expenses to a business?

Payroll Accounting, Taxes, and Reports

LESSON 13-1 Recording A Payroll

LESSON 13-1 Recording A Payroll

Preparing Payroll Records

Chapter 13 – Preparing Payroll Records

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-1 Preparing Payroll Time Cards.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-1 Preparing Payroll Time Cards.

Chapter 12 Preparing Payroll Time Cards. 2 L 12-1 Paying Employees page 341 Money paid for employee services is called a salary. The period covered by.

Preparing Payroll Records Preparing Payroll Time Cards Salary – money paid for employee services Pay period – period covered by a salary payment.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions Modified by D. Burns West Johnston.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

Payroll Accounting, Taxes, and Reports

LESSON 12-1 Preparing Payroll Time Cards

LESSON 12-1 Preparing Payroll Time Cards

Section 3Tax Liability Payments and Tax Reports What You’ll Learn  How to pay payroll tax liabilities.  Which tax reports are prepared and filed. What.

Good morning Monday, May 7, 2012

© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO6 Prepare a payroll register. LO7 Prepare.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-3 Reporting Withholding And Payroll Taxes  Employer annual report to employees.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 12-3 Preparing Payroll Records.

Lesson 13: Net Pay Consumer Math: p When employees receive their paychecks, they should know that the check does not include their full earnings,

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO1 Analyze a payroll transaction. LO2.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-3 Preparing Payroll Records  Payroll register  Employee earnings records.

© South-Western Educational Publishing PAYROLL REGISTER Lesson 14-1, page 340.

Chapter 13 Preparing Payroll Records Part II. Payroll Register A business form used to record payroll information.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 3 Objectives 1.I can define accounting terms related to a departmental payroll system.

Chapter 3 Departmental Payroll. After the payroll register has been prepared, a check is written to transfer the total net pay amount from the regular.

Processing Payroll Review. Lesson 12-1 Calculate regular hours. 1 1 Calculate overtime hours. 2 2 Calculate total hours. 3 3.

© 2014 Cengage Learning. All Rights Reserved.

LESSON 12-2 Determining Payroll Tax Withholding

$ $ $ $ Section 3 Tax Liability Payments and Tax Reports

LESSON 12-1 Preparing Payroll Time Cards

Preparing Payroll Records

LESSON 13-1 Recording A Payroll

Hosted by Ms. Appel.

© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.

© 2015 Cengage Learning. All Rights Reserved.

Reporting Withholding And Payroll Taxes

© 2014 Cengage Learning. All Rights Reserved.

EMPLOYER ANNUAL REPORT TO EMPLOYEES OF TAXES WITHHELD

© 2014 Cengage Learning. All Rights Reserved.

PAYROLL REGISTER 1. Pay Period Date 8. Health Insurance

LESSON 12-3 Preparing Payroll Records

BENEFITS AUTHORIZATION

JOURNALIZING PAYMENT OF A PAYROLL

LESSON 12-4 Preparing Payroll Checks

Lesson 14-1 PAYROLL REGISTER Lesson 14-1, page 332.

© 2014 Cengage Learning. All Rights Reserved.

LESSON 3-2 Recording a Payroll and Payroll Taxes

Payroll Accounting, Taxes and Reports

Preparing Payroll Records

LESSON 12-1 Preparing Payroll Time Cards

Preparing Payroll Records

LESSON 3-2 Recording a Payroll and Payroll Taxes

Paying Withholding and Payroll Taxes

LESSON 12-3 Preparing Payroll Records

Paying Withholding and Payroll Taxes

LESSON 3-2 Recording a Payroll and Payroll Taxes

PAYROLL REGISTER 1. Pay Period Date 8. Health Insurance

LESSON 12-3 Preparing Payroll Records

Presentation transcript:

LESSON 12-3 Preparing Payroll Records 12/1/2018 LESSON 12-3 Preparing Payroll Records

PAYROLL REGISTER 1. Pay period date page 351 1 2 11 4 5 6 7 8 9 10 3 13 12 1. Pay period date 8. Health insurance premium deductions 2. Payment date 9. Other employee payroll deductions 3. Employee personal data 10. Total deductions 4. Earnings 11. Net pay 5. Federal income tax withheld 12. Total, prove, and rule 6. Social security tax withheld 13. Check number 7. Medicare tax withheld LESSON 12-3

EMPLOYEE EARNINGS RECORDS page 353 1. Last day of quarter 4 2. Employee personal data 5 3. Beginning accumulated earnings 1 2 4. Pay period 3 5. Earnings, deductions, net pay 6 6. Updated accumulated earnings 7 7. Total and prove LESSON 12-3

12-3 Application Problem – P. 360 LESSON 12-3

LESSON 12-3