COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 6

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COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 6

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COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 6. Chapter 6 Overview. Employee List Time Tracking Transfer Time to Invoices Print Paychecks Pay Payroll Liabilities Payroll Reports. COMPUTER ACCOUNTING WITH QUICKBOOKS 2011. Employee Navigation. COMPUTER ACCOUNTING WITH QUICKBOOKS 2011. - PowerPoint PPT Presentation

Transcript of COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 6

Page 1: COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 6

COMPUTER ACCOUNTING WITH

QUICKBOOKS 2011

CHAPTER 6

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CHAPTER 6 OVERVIEW Employee List Time Tracking Transfer Time to Invoices Print Paychecks Pay Payroll Liabilities Payroll Reports

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

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EMPLOYEE NAVIGATION

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

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EMPLOYEE LIST Contains employee information, such as

name and address Access from Home page or Employee

Center

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

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PAYROLL SETUP Customize to company needs Set preferences and defaults

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PROCESSING PAYROLL IN QUICKBOOKS

1. Enter Time2. Pay Employees3. Pay Liabilities4. Process Payroll Forms

1 2 3 4

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ENTER TIME USING

1. Stopwatch2. Timesheet3. Online Timesheet

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

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TRANSFER TIME TO INVOICES

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PAY EMPLOYEES

Calculate withholdings and employee net payManually calculate payroll taxesUse QuickBooks payroll service

Intuit Online PayrollQuickBooks Basic PayrollQuickBooks Enhanced PayrollQuickBooks Assisted Payroll Service

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PAY EMPLOYEES

Print paychecks:Voucher checksStandard checksand paystubs

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PAY LIABILITIES

Pay payroll tax liabilityFederal income taxes withheldState income taxes withheldSocial security and Medicare, both employee and employer portionsUnemployment taxes

…and don’t forget to file payroll tax forms.

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PAYROLL REPORTS

Includes:Payroll reports: How much do we pay for payroll?Project reports: How much time did we use?

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TO LEARN MORE …

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

Turn to Chapter 6

Visit the Online Learning Centerwww.mhhe.com/kay2011

Visit the Student Blogwww.myquickbooks.me