c omputer a ccounting with q uick b ooks 2010 c hapter 11 donna kay maryville university of saint...
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COMPUTER ACCOUNTING WITH
QUICKBOOKS 2010
CHAPTER 11
Donna KayMaryville University of Saint Louis
CHAPTER 11 OVERVIEW
Enable PayrollSet Up PayrollCreate Employee ListPrint PaychecksPay Payroll LiabilitiesPrint Payroll Forms and Reports
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
ENABLE PAYROLL
1. Select Edit, Preferences.
2. Select Payroll & Employees.
3. Click Company Preferences tab.
4. Select Full payroll.
5. Display Employee List by: Last Name.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
SET UP PAYROLL
When you process payroll using QuickBooks, you can:Calculate payroll manually (used in this chapter)Use a QuickBooks payroll service (used in Chapter 6)
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
QUICKBOOKS PAYROLL SERVICES
QuickBooks Payroll Services automatically calculate tax withholdings and require an Internet connection
Payroll Services include:Intuit Online PayrollQuickBooks Basic PayrollQuickBooks Enhanced PayrollQuickBooks Assisted Payroll Service
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
CALCULATE PAYROLL MANUALLY
1. Use the Help menu
2. Search for “process payroll manually”
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
CALCULATE PAYROLL MANUALLY
3. Select: “manual payroll calculating”
4. Select: “set my company file to use manual tabulation”
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
MANUAL PAYROLL WITH QUICKBOOKS
After you enable QuickBooks to process payroll manually, you will:Go to Payroll SetupEnter Employee ListEnter TimePay EmployeesPay LiabilitiesProcess Payroll Forms
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
PAYROLL SETUP
Use the QuickBooks Payroll Setup wizard to enter information like:Employee compensationEmployee benefitsOther additions and deductionsEmployee tax information
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
PRINT PAYCHECKS
After entering time, prepare and print paychecks.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
PAYROLL LIABILITIES
Payroll liabilities consist of:Federal income tax withheldState income tax withheldFICAFUTASUTA
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
PAYROLL FORMS
Common payroll tax forms:Form 941Form 940
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
TO LEARN MORE …
Turn to Chapter 11
Visit the Online Learning CenterWWW.MHHE.COM/KAY2010
Visit the Student BlogWWW.QUICKBOOKSBLOG.INFO
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010