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COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 6

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.

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COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 6

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  1. COMPUTER ACCOUNTING WITHQUICKBOOKS 2011CHAPTER 6

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

  3. Employee Navigation COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

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

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

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

  7. Enter Time Using • Stopwatch • Timesheet • Online Timesheet COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

  8. Transfer Time To Invoices COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

  9. 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

  10. PAY EMPLOYEES Print paychecks: • Voucher checks • Standard checksand paystubs COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

  11. 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

  12. 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

  13. TO LEARN MORE … • Turn to Chapter 6Visit the Online Learning Centerwww.mhhe.com/kay2011Visit the Student Blogwww.myquickbooks.me COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

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