CHAPTER 11. CHAPTER 11 OVERVIEW  Enable Payroll  Set Up Payroll  Create Employee List  Print Paychecks  Pay Payroll Liabilities  Print Payroll Forms.

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Presentation transcript:

CHAPTER 11

CHAPTER 11 OVERVIEW  Enable Payroll  Set Up Payroll  Create Employee List  Print Paychecks  Pay Payroll Liabilities  Print Payroll Forms and Reports COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

1.Select Edit, Preferences. 2.Select Payroll & Employees. 3.Click Company Preferences tab. 4.Select Full payroll. 5.Display Employee List by: Last Name. ENABLE PAYROLL COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

When you process payroll using QuickBooks, you can:  Calculate payroll manually (used in this chapter)  Use a QuickBooks payroll service (used in Chapter 6) SET UP PAYROLL COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

QuickBooks Payroll Services automatically calculate tax withholdings and require an Internet connection Payroll Services include:  QuickBooks Basic Payroll  QuickBooks Standard Payroll  QuickBooks Enhanced Payroll  QuickBooks Assisted Payroll  Stand-Alone Online Payroll QUICKBOOKS PAYROLL SERVICES COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

1.Use the Help menu 2.Search for “process payroll manually” CALCULATE PAYROLL MANUALLY COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

3.Select: “manual payroll calculating” 4.Select: “set my company file to use manual tabulation” CALCULATE PAYROLL MANUALLY COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

After you enable QuickBooks to process payroll manually, you will:  Go to Payroll Setup  Enter Employee List  Enter Time  Pay Employees  Pay Liabilities  Process Payroll Forms MANUAL PAYROLL WITH QUICKBOOKS COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

Use the QuickBooks Payroll Setup wizard to enter information like:  Employee compensation  Employee benefits  Other additions and deductions  Employee tax information PAYROLL SETUP COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

 After entering time, prepare and print paychecks. PRINT PAYCHECKS COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

Payroll liabilities consist of:  Federal income tax withheld  State income tax withheld  FICA  FUTA  SUTA PAYROLL LIABILITIES COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

Common payroll tax forms:  Form 941  Form 940 PAYROLL FORMS COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

TURN TO CHAPTER 11 VISIT THE ONLINE LEARNING CENTER VISIT THE STUDENT BLOG To Learn More.... COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009