1. System Default Account
Chapter 9 Payroll Processing
Manual Accounting System
QuickBooks
Payroll Journal or Register
Pay Employees windows
Type
Activity Window
System Default Account
Debit
Credit
Paycheck
Pay Employees
Salaries and Wages Expense Payroll Tax Expenses
Payroll Withholdings Liabilities
Cash – Payroll
Liability Check
Pay Payroll Liabilities
Process Payroll Forms
Employee Center
Payroll Item List

2. Certain Helpful tips: In Pay Employee Window
Processing information in Company/Employee Summary (adjusted) section: DO NOT use Enter key but Tab or Arrows or Mouse.
Correct Errors in Paycheck
Errors in paychecks CANNOT be corrected in Pay Employee window but in Paycheck-Cash-Payroll window, i.e. you may edit, delete, and start over.
Correct errors in Pay Liabilities window
Must use the Paycheck-Cash-Payroll (Write Checks) window

3. Payroll Reports, Accounting Reports, and Financial Statements
Payroll Management Report
Payroll Summary Report
Earnings, deductions, and employer payroll taxes for each employee for a specified period of time
Payroll Liability Balances Report
All payroll liabilities owed and unpaid for a specified period of time
Payroll Transaction Detail Report
Detailed information for each payroll transaction recorded during the period
Employee State Taxes Detail Report *
Information such as type of state tax, amount of income subject to tax, and amount of each tax
Payroll Gov’t Compliance Report
Form 941 *
Total wages paid to all employees, and withholdings
Form 940 *
FUTA
Form W-2 *
Employees’ earnings and withholdings for a year
Accounting Reports & Financial Statements
Journal Report
Profit & Loss Standard Report
Balance Sheet Standard Report