people © 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Payroll Setup 2014

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Topics Checklist for Setting up Payroll Payroll Accounts Payroll Items The Payroll Setup Interview Setting Up Employee Defaults Employee Reports

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Payroll Options in QuickBooks Four payroll choices : 1.Basic Payroll 2.Enhanced Payroll 3.Assisted Payroll 4.Full Service Payroll

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Checklist for Setting up Payroll 1.Gather information about each of your employees 2.Activate the Payroll function 3.Set up payroll accounts 4.Enable your QuickBooks file for payroll processing 5.Use the Payroll Setup Interview 6.Add additional payroll items directly into Payroll Item List 7.Edit payroll items to modify the vendor information and the way it affects the Chart of Accounts 8.If setting up mid-year, enter year-to-date information for each employee and enter year-to-date liability payments 9.Verify payroll item setup, employee setup, and the vendor list 10.Proof your setup.

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Payroll Accounts Payroll Liability Accounts Payroll Expense Accounts

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Payroll Items

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. The Payroll Setup Interview This Interview is optional, but very helpful and works even if you have existing payroll Starting the Payroll Setup Interview: – Select the Employees menu, select Payroll Setup

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Setting up Compensation and Benefits Payroll Items

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Medical Insurance Three ways to allocate costs between the company and the employee: 1.The company could pay the entire expense 2.The company and employee could share the expense 3.The employee could pay the entire expense If the costs are shared between the company and the employees, or if the employees pay for the entire cost via payroll deductions, use a Deduction Item to track the deductions

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Medical Insurance Payroll Deduction

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. 401(k) Employee Deduction and Company Match Items If you have a 401(k) plan, you can set up Payroll Items to track the employee contributions (salary deferral) to the plan

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Paid Time Off Payroll Items The Payroll Setup Interview will walk you through creating items to track and pay vacation or sick pay If you have a “Paid Time Off (PTO)” policy instead of separate sick and vacation time you can use either Sick or Vacation time to keep track of PTO.

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Setting up Employees After you have set up your Payroll Items, you can set up each employee’s payroll record.

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Payroll Tax Item Setup

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Vendors for Payroll Tax and Withholding Items To set up vendors for payroll liabilities, continue with the payroll Setup Interview

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Setting up Year-to-Date Payroll Amounts If you are setting up your own payroll in the middle of the fiscal year, you’ll need to enter the year-to- date payroll information for each of your employees before entering your first paychecks

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Setting Up Employee Defaults Default settings for each new employee

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. The Employee Contact List report To view all employees, including deactivated employees, display the Employee list and click the Include inactive box

© 2013 The Sleeter Group All rights reserved. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks of Intuit Inc. Other parties’ marks are the property of their respective owners. Chapter Review Checklist for Setting up Payroll Payroll Accounts Payroll Items The Payroll Setup Interview Setting Up Employee Defaults Employee Reports