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

EMPLOYEE LIST Contains employee information, such as

name and address Access from Home page or Employee

Center

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

PAYROLL SETUP Customize to company needs Set preferences and defaults

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

PROCESSING PAYROLL IN QUICKBOOKS

1. Enter Time2. Pay Employees3. Pay Liabilities4. Process Payroll Forms

1 2 3 4

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

ENTER TIME USING

1. Stopwatch2. Timesheet3. Online Timesheet

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

TRANSFER TIME TO INVOICES

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

PAY EMPLOYEES

Calculate withholdings and employee net payManually calculate payroll taxesUse QuickBooks payroll service

Intuit Online PayrollQuickBooks Basic PayrollQuickBooks Enhanced PayrollQuickBooks Assisted Payroll Service

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

PAY EMPLOYEES

Print paychecks:Voucher checksStandard checksand paystubs

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

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.

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

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

TO LEARN MORE …

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

Turn to Chapter 6

Visit the Online Learning Centerwww.mhhe.com/kay2011

Visit the Student Blogwww.myquickbooks.me