C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2013 C HAPTER 11 Donna Kay Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved

11-2 C HAPTER 11 O VERVIEW  Enable Payroll  Set Up Payroll  Create Employee List  Print Paychecks  Pay Payroll Liabilities  Print Payroll Forms and Reports

11-3 E NABLE P AYROLL 1.Select Edit > Preferences. 2.Select Payroll & Employees. 3.Click Company Preferences tab. 4.Select Full payroll. 5.Display Employee List by: Last Name.

11-4 P AYROLL O PTIONS When you process QuickBooks payroll, you can:  Calculate payroll manually (Chapter 11)  Use a QuickBooks payroll service (Chapter 6)

11-5 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

11-6 C ALCULATE P AYROLL M ANUALLY 1.Use the Help menu. 2.Search for process payroll manually. 3.Select Process payroll manually.

11-7 C ALCULATE P AYROLL M ANUALLY 4.Select manual payroll calculations.

11-8 C ALCULATE P AYROLL M ANUALLY 5.Select Set my company file to use manual calculations.

11-9 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

11-10 P AYROLL S ETUP Use QuickBooks Payroll Setup to enter information such as:  Employee compensation  Employee benefits  Other additions and deductions  Employee tax information

11-11 P RINT P AYCHECKS After entering time:  Enter payroll information  Review & create paychecks  Print and distribute paychecks

11-12 P AYROLL L IABILITIES Payroll liabilities consist of:  Federal income tax withheld  State income tax withheld  FICA  FUTA  SUTA

11-13 Common payroll tax forms:  Form 941  Form 940 P AYROLL F ORMS

T O L EARN M ORE … See Chapter 11 Visit the Online Learning Center Visit