C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2013 C HAPTER 6 Donna Kay Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved
6-2 C HAPTER 6 O VERVIEW Employee List Time Tracking Transfer Time to Invoices Print Paychecks Pay Payroll Liabilities Payroll Reports
6-3 E MPLOYEE N AVIGATION
6-4 E MPLOYEE L IST Contains employee information, such as name and address Access from Home page or Employee Center
6-5 P AYROLL S ETUP Customize to company needs Set preferences and defaults
6-6 P ROCESSING P AYROLL 1.Enter Time 2.Pay Employees 3.Pay Liabilities 4.Process Payroll Forms
6-7 E NTER T IME U SING 1.Stopwatch 2.Timesheet 3.Online Timesheet
6-8 T RANSFER T IME T O I NVOICES
6-9 T RANSFER T IME T O I NVOICES
6-10 Q UICK B OOKS P AYROLL Calculate withholdings and employee net pay Manually calculate payroll taxes Use QuickBooks payroll services Basic Payroll Enhanced Payroll Assisted Payroll Enhanced Payroll for Accountants
6-11 E MPLOYEE C ENTER P AYROLL C ENTER
6-12 P AY E MPLOYEES Print paychecks: Voucher checks Standard checks and paystubs
6-13 P AY L IABILITIES 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.
6-14 P AYROLL R EPORTS Includes: Payroll reports: How much do we pay for payroll? Project reports: How much time did we use?
T O L EARN M ORE … See Chapter 6 Visit the Online Learning Center Visit