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  • Copyright 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2015 C HAPTER 11 Donna Kay
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  • 11-2 C HAPTER 11 O VERVIEW Enable Payroll Set Up Payroll Create Employee List Print Paychecks Pay Payroll Liabilities Print Payroll Forms and Reports
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  • 11-3 E NABLE P AYROLL 1. Select Edit > Preferences 2. Select Payroll & Employees 3. Select Company Preferences 4. Select Full Payroll 5. Display Employee List by: Last Name 6. Select OK
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  • 11-4 P AYROLL O PTIONS When you process QuickBooks payroll, you can: Calculate payroll manually (Chapter 11) Use a QuickBooks payroll service (Chapter 6)
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  • 11-5 Q UICK B OOKS P AYROLL S ERVICES QuickBooks Payroll Services automatically calculates tax withholdings and requires an Internet connection QuickBooks Payroll Services include: Basic Payroll Enhanced Payroll Assisted Payroll
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  • 11-6 C ALCULATE P AYROLL M ANUALLY 1. Select Help > QuickBooks Help 2. Search process payroll manually 3. Select Search icon 4. Select Process Payroll Manually (without a subscription to QuickBooks Payroll) 5. Select manual payroll calculations link
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  • 11-7 C ALCULATE P AYROLL M ANUALLY 6. Select Set my company file to use manual calculations 7. Select OK
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  • 11-8 Q UICK B OOKS M ANUAL P AYROLL After you enable QuickBooks to process payroll manually Go to Payroll Setup Enter Employee List Enter Time Pay Employees Pay Liabilities Process Payroll Forms
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  • 11-9 P AYROLL S ETUP Use QuickBooks Payroll Setup to enter information such as: Employee compensation Employee benefits Other additions and deductions Employee tax information
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  • 11-10 P RINT P AYCHECKS 1. Select Pay Employees 2. Select Bank Account 3. Enter Pay Period Ends 4. Enter Check Date 5. Select Employee 6. Select Continue
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  • 11-11 P RINT P AYCHECKS 7. Select Employee 8. Select Open Paycheck Detail
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  • 11-12 P REVIEW P AYCHECKS 1. - 6. Enter Employee withholding information 7. Select Save & Close
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  • 11-13 P RINT P AYCHECKS 8. Select Print paychecks from QuickBooks 9. Select Create Paychecks 10. Select Print Paychecks
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  • 11-14 P AYROLL L IABILITIES Payroll liabilities consist of: Federal income tax withheld State income tax withheld FICA FUTA SUTA
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  • 11-15 P AYROLL F ORMS Common payroll tax forms: Form 941 Form 940
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  • 11-16 T O L EARN M ORE See Chapter 11 Visit the Online Learning Center www.mhhe.com/kay2015 Visit www.My-QuickBooks.com www.mhhe.com/kay2015 www.My-QuickBooks.com