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COMPUTER ACCOUNTING WITH
QUICKBOOKS 2012
CHAPTER 11
Donna Kay
Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin
Merchandising
Corporation: Payroll
CHAPTER 11 OVERVIEW
Enable Payroll
Set Up Payroll
Create Employee List
Print Paychecks
Pay Payroll Liabilities
Print Payroll Forms and Reports
11-2
1. Select Edit > Preferences.
2. Select Payroll & Employees.
3. Click Company Preferences tab.
4. Select Full payroll.
5. Display Employee List by: Last Name.
ENABLE PAYROLL
11-3
PAYROLL OPTIONS
When you process QuickBooks
payroll, you can:
Calculate payroll manually
(Chapter 11)
Use a QuickBooks payroll service
(Chapter 6)
11-4
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
11-5
1.Use the Help menu.
2.Search for manual payroll.
3.Select Process payroll manually.
CALCULATE PAYROLL MANUALLY
11-6
CALCULATE PAYROLL MANUALLY
4. Select manual payroll calculations.
11-7
CALCULATE PAYROLL MANUALLY
5. Select Set my company file to use
manual calculations.
11-8
After you enable QuickBooks to process
payroll manually…
Go to Payroll Setup
Enter Employee List
Enter Time
Pay Employees
Pay Liabilities
Process Payroll Forms
QUICKBOOKS MANUAL PAYROLL
11-9
PAYROLL SETUP
Use QuickBooks Payroll Setup to enter
information such as:
Employee compensation
Employee benefits
Other additions
and deductions
Employee tax
information
11-10
PRINT PAYCHECKS
After entering time:
1. Enter payroll
information
2. Review & create
paychecks
3. Print and distribute
paychecks
11-11
PAYROLL LIABILITIES
Payroll liabilities consist of:
Federal income tax withheld
State income tax withheld
FICA
FUTA
SUTA
11-12
PAYROLL FORMS
Common payroll tax forms:
Form 941
Form 940
11-13
TO LEARN MORE …
Turn to Chapter 11
Visit the Online Learning Center
http://www.mhhe.com/kay2012
Visit
www.myquickbooks.me
11-14
