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Computer Accounting with QuickBooks 2013 Chapter 11

Computer Accounting with QuickBooks 2013 Chapter 11. Donna Kay. 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 2013. Enable Payroll.

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Computer Accounting with QuickBooks 2013 Chapter 11

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  1. Computer Accounting withQuickBooks 2013Chapter 11 • Donna Kay

  2. 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 2013

  3. Enable Payroll • Select Edit > Preferences. • Select Payroll & Employees. • Click Company Preferences tab. • Select Full payroll. • Display Employee List by: Last Name. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  4. Payroll Options When you process QuickBooks payroll, you can: • Calculate payroll manually (Chapter 11) • Use a QuickBooks payroll service (Chapter 6) COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  5. QuickBooks Payroll Services QuickBooks Payroll Services automatically calculates tax withholdings and requires an Internet connection QuickBooks Payroll Services include: • Basic Payroll • Enhanced Payroll • Assisted Payroll COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  6. Calculate Payroll Manually • Use the Help menu. • Search forprocess payroll manually. • Select Process payroll manually. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  7. Calculate Payroll Manually • Select manual payroll calculations. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  8. Calculate Payroll Manually • Select Set my company file to use manual calculations. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  9. QuickBooks Manual Payroll After you enable QuickBooks to process payroll manually… • Go to Payroll Setup • Enter Employee List • Enter Time • Pay Employees • Pay Liabilities • Process Payroll Forms COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  10. Payroll Setup Use QuickBooks Payroll Setup to enter information such as: • Employee compensation • Employee benefits • Other additions and deductions • Employee tax information COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  11. Print Paychecks After entering time: • Enter payroll information • Review & create paychecks • Print and distribute paychecks COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  12. Payroll Liabilities Payroll liabilities consist of: • Federal income tax withheld • State income tax withheld • FICA • FUTA • SUTA COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  13. Payroll Forms Common payroll tax forms: • Form 941 • Form 940 COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  14. To Learn More … • See Chapter 11Visit the Online Learning Centerwww.mhhe.com/kay2013 Visit www.myquickbooks.me COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

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