QuickBooks Payroll - QuickBooks Online
Processing QuickBooks Online payroll for a small business, generating paychecks, processing payroll tax forms
What you will learn
List and describe payroll related legislation
Enter new employee information into QuickBooks and describe where to get the data necessary to add a new employee
Set up and calculate Federal Income Tax (FIT)
Describe the Federal Income Contribution Act and its components
Set up and calculate social security
Set up and calculate Medicare
Set up and calculate Federal Unemployment
Describe and calculate employer payroll taxes
Generate payroll journal entries from payroll reports
Generate and analyze Form 941 Employer's Quarterly Federal Tax Return
Generate and analyze Form 940 Employer's Annual Federal Unemployment (FUTA) Tax Return
Generate and analyze Forms W-2 & W-3
Reconciling year end payroll tax forms
Generate and analyze a payroll register and payroll reports
Describe mandatory and voluntary deductions and how they are entered into QuickBooks Online
List and describe types of retirement plans and how to set them up in QuickBooks Online
Enter comprehensive payroll problem into QuickBooks Online
Setup paid payroll in QuickBooks Online
Process payroll in QuickBooks Online
QuickBooks Online payroll will describe the payroll process for a small business in detail, so bookkeepers, accountants, and business owners can better understand how to set up payroll, process payroll, and troubleshoot problems related to payroll.
This course will introduce the payroll set-up in the QuickBooks Online system, walking through payroll screens.
We will discuss payroll legislation that will affect payroll calculations within QuickBooks Online and list the payroll forms we will need to generate from Quickbooks Online.
The course will walk through the process of entering a new employee into the QuickBooks Online system and describe where the data would be received from in practice including Form W-4.
We will discuss Federal Income Tax (FIT) calculations within QuickBooks Online. The course will describe how FIT is calculated, what is needed for QuickBooks Online to calculate FIT, and how to enter the data into the accounting system.
The course will describe the Federal Income Contributions Act (FICA) and its components.
We will calculate social security and describe how QuickBooks Online will help with the calculations as we process payroll.
The course will calculate Medicare and describe how QuickBooks Online will help with the calculations of Medicare when we process payroll.
We will calculate Federal Unemployment (FUTA) and discuss how FUTA is related to state unemployment (SUTA).
The course will describe and calculate employer taxes and discuss which taxes are employee taxes and which taxes are employer taxes.
We will describe payroll journal entries and discuss how payroll data is populated in the QuickBooks Online reports and financial statements including the profit and loss and balance sheet.
We will discuss and enter both mandatory and voluntary deductions into the QuickBooks Online system.
The course will discuss retirement plan options, how to enter them into the QuickBooks Online system, and how they are used to calculate net income and payroll taxes.
We will work a comprehensive problem, processing payroll within QuickBooks Online. The comprehensive problem will use the paid QuickBooks Online feature.
The comprehensive problem will start very basic with one employee and will increase in complexity as we enter more benefits and payroll details each year.
Payroll Legislation & Policies
New Employee Tax Forms and Data Input Into QuickBooks Online
Federal Income Tax FIT
Federal Income Contributions Act (FICA)
Social Security Tax
Federal Unemployment & State Unemployment
Employer Payroll Taxes
Payroll Expense Journal Entry
Payroll Tax Journal Entry
Form 941 Employer's Quarterly Federal Tax Return
Form 940 Employer's Annual Federal Unemployment (FUTA) Tax Return
Form W-2 & W-3
Reconciling Year End Payroll Forms
Payroll Register and Payroll Reports
Mandatory and Voluntary Deductions
Post Tax Deductions
Net Pay Formula & Calculations
Comprehensive Problem - Paid Payroll Using QuickBooks Online
Comp Prob 1 - Set Up Paid Payroll In Quickbooks Online
Comp Prob 1 - Process Basic Payroll With One Employee In QuickBooks Online
Comp Prob 1 - Add 401(k) Plan & Process Payroll Using QuickBooks Online
Comp Prob - Add Dental Insurance Employee Paid After Tax & Process Payroll
Comp Prob 1 - Add Vision Insurance Employee Paid Before Taxes & Process Payroll
Comp Prob 1 - Add Health Insurance Employer Paid & Run Payroll
Comp Prob 1 - Add Health Savings Account & Process Payroll
Comp Prob 1 - Add Garnishment & Process Payroll
Comp Prob 1 - Add Sick Time Off & Process Payroll
Comp Prob 1-Add Salaried Employee, Setup S Corp Medical Insurance, & Run Payroll
Comp Prob 1 - Add Bonus & Process Payroll
Comp Prob 1 - Adjust Payroll Items, Add Payroll Accounts, & Analyze Reports
|Submit by||Date||Coupon Code||Discount||Emitted/Used||Status|
|Ignacio Castro||2/14/2022||AD8CF50AEB5449FF6563||100% OFF||1000/997|
|Angelcrc Seven||4/25/2022||BAE95D3C0A059BA52EA9||100% OFF||1000/339|
|Ignacio Castro||5/23/2022||A5B49E5B6D0139238C1B||100% OFF||1000/474|
|Angelcrc Seven||9/19/2022||1AD05181EF5397748EC4||100% OFF||1000/197|