COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 6

Chapter 6 Overview Employee List Time Tracking Transfer Time to Invoices Print Paychecks Pay Payroll Liabilities Payroll Reports COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

Employee Navigation COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

Employee List Contains employee information, such as name and address Access from Home page or Employee Center COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

Payroll Setup Customize to company needs Set preferences and defaults COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

Processing Payroll in QuickBooks Enter Time Pay Employees Pay Liabilities Process Payroll Forms 1 2 3 4 COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

Enter Time Using Stopwatch Timesheet Online Timesheet COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

Transfer Time To Invoices COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

Pay Employees 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 2011

PAY EMPLOYEES Print paychecks: Voucher checks Standard checks and paystubs COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

…and don’t forget to file payroll tax forms. Pay Liabilities 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 2011

Payroll Reports Includes: Payroll reports: How much do we pay for payroll? Project reports: How much time did we use? COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

TO LEARN MORE … Turn to Chapter 6 Visit the Online Learning Center www.mhhe.com/kay2011 Visit the Student Blog www.myquickbooks.me COMPUTER ACCOUNTING WITH QUICKBOOKS 2011