donna kay maryville university of saint louis computer accounting with quickbooks 2011 chapter 6...
TRANSCRIPT
Donna KayMaryville University of Saint Louis
COMPUTER ACCOUNTING WITH
QUICKBOOKS 2011
CHAPTER 6EMPLOYEES AND
PAYROLL
Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reservedMcGraw-Hill/Irwin
6-2
CHAPTER 6 OVERVIEW
Employee List Time Tracking Transfer Time to Invoices Print Paychecks Pay Payroll Liabilities Payroll Reports
6-3
EMPLOYEE NAVIGATION
6-4
EMPLOYEE LIST
Contains employee information, such as name and address
Access from Home page or Employee Center
6-5
PAYROLL SETUP
Customize to company needs Set preferences and defaults
6-6
PROCESSING PAYROLL IN QUICKBOOKS
1. Enter Time
2. Pay Employees
3. Pay Liabilities
4. Process Payroll Forms
1 2 3 4
6-7
ENTER TIME USING
1. Stopwatch
2. Timesheet
3. Online Timesheet
6-8
TRANSFER TIME TO INVOICES
6-9
PAY EMPLOYEES
Calculate withholdings and employee net payManually calculate payroll taxesUse QuickBooks payroll service
Intuit Online PayrollQuickBooks Basic PayrollQuickBooks Enhanced PayrollQuickBooks Assisted Payroll Service
6-10
PAY EMPLOYEES
Print paychecks:Voucher checksStandard checksand paystubs
6-11
PAY LIABILITIES
Pay payroll tax liabilityFederal income taxes withheldState income taxes withheldSocial security and Medicare, both employee and employer portionsUnemployment taxes
…and don’t forget to file payroll tax forms.
6-12
PAYROLL REPORTS
Includes:Payroll reports: How much do we pay for payroll?Project reports: How much time did we use?
6-13
TO LEARN MORE …
Turn to Chapter 6
Visit the Online Learning Centerwww.mhhe.com/kay2011
Visit the Student Blogwww.myquickbooks.me