Chapter 2. Setting Up and Using Payroll Features
| What You'll Do Set Payroll and Employee Preferences Set Up Employees Set Up Employee Payroll Information Set Up Employee Payroll Taxes Set Up Sick and Vacation Benefits Enter Year-to-Date Payroll Amounts Set Up Payroll Deductions Select Employees for Payroll Preparation Enter Paycheck Information Use Timer Information with QuickBooks Payroll Print Paychecks Use Direct Deposit Create Employer Payroll Reports Pay Payroll Taxes with Form 941 Pay Federal Unemployment Compensation Taxes with Form 940 Issue W-2 Forms Issue W-3 Forms Set Up Independent Contractors for 1099 Forms Set 1099 Preferences Issue 1099 Forms Outsource Payroll As an employer, it is your job to keep track of and pay salaries and wages to your employees and subcontractors. Although paying payroll and contractor fees can be time-consuming and tedious when done on paper and with a calculator, you'll find that with QuickBooks the process is quick and the record keeping is excellent. You'll be able to produce all the federal payroll tax forms you need, right in QuickBooks, including
In addition, QuickBooks provides the ability to set up payroll deductions for 401(k) plans, health insurance, health savings accounts, employee reimbursements, flexible spending plans, and dozens of other deductions. Finally, you can produce payroll reports that summarize all your employee payroll activity and company payroll expenses and liabilities. |
