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
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
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.