C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2012 C HAPTER 11 Donna Kay Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin Merchandising Corporation: Payroll
C HAPTER 11 O VERVIEW Enable Payroll Set Up Payroll Create Employee List Print Paychecks Pay Payroll Liabilities Print Payroll Forms and Reports 11-2
1.Select Edit > Preferences. 2.Select Payroll & Employees. 3.Click Company Preferences tab. 4.Select Full payroll. 5.Display Employee List by: Last Name. E NABLE P AYROLL 11-3
P AYROLL O PTIONS When you process QuickBooks payroll, you can: Calculate payroll manually (Chapter 11) Use a QuickBooks payroll service (Chapter 6) 11-4
Q UICK B OOKS P AYROLL S ERVICES QuickBooks Payroll Services automatically calculates tax withholdings and requires an Internet connection QuickBooks Payroll Services include: Basic Payroll Enhanced Payroll Assisted Payroll 11-5
1.Use the Help menu. 2.Search for manual payroll. 3.Select Process payroll manually. C ALCULATE P AYROLL M ANUALLY 11-6
C ALCULATE P AYROLL M ANUALLY 4.Select manual payroll calculations. 11-7
C ALCULATE P AYROLL M ANUALLY 5.Select Set my company file to use manual calculations. 11-8
After you enable QuickBooks to process payroll manually… Go to Payroll Setup Enter Employee List Enter Time Pay Employees Pay Liabilities Process Payroll Forms Q UICK B OOKS M ANUAL P AYROLL 11-9
P AYROLL S ETUP Use QuickBooks Payroll Setup to enter information such as: Employee compensation Employee benefits Other additions and deductions Employee tax information 11-10
P RINT P AYCHECKS After entering time: Enter payroll information Review & create paychecks Print and distribute paychecks 11-11
P AYROLL L IABILITIES Payroll liabilities consist of: Federal income tax withheld State income tax withheld FICA FUTA SUTA 11-12
P AYROLL F ORMS Common payroll tax forms: Form 941 Form
T O L EARN M ORE … Turn to Chapter 11 Visit the Online Learning Center Visit