C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2010 C HAPTER 11 Donna Kay Maryville University of Saint...
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Transcript of C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2010 C HAPTER 11 Donna Kay Maryville University of Saint...
![Page 1: C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2010 C HAPTER 11 Donna Kay Maryville University of Saint Louis.](https://reader036.fdocuments.in/reader036/viewer/2022062309/56649f305503460f94c4ac1f/html5/thumbnails/1.jpg)
COMPUTER ACCOUNTING WITH
QUICKBOOKS 2010
CHAPTER 11
Donna KayMaryville University of Saint Louis
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CHAPTER 11 OVERVIEW
Enable PayrollSet Up PayrollCreate Employee ListPrint PaychecksPay Payroll LiabilitiesPrint Payroll Forms and Reports
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
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ENABLE PAYROLL
1. Select Edit, Preferences.
2. Select Payroll & Employees.
3. Click Company Preferences tab.
4. Select Full payroll.
5. Display Employee List by: Last Name.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
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SET UP PAYROLL
When you process payroll using QuickBooks, you can:Calculate payroll manually (used in this chapter)Use a QuickBooks payroll service (used in Chapter 6)
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
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QUICKBOOKS PAYROLL SERVICES
QuickBooks Payroll Services automatically calculate tax withholdings and require an Internet connection
Payroll Services include:Intuit Online PayrollQuickBooks Basic PayrollQuickBooks Enhanced PayrollQuickBooks Assisted Payroll Service
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
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CALCULATE PAYROLL MANUALLY
1. Use the Help menu
2. Search for “process payroll manually”
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
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CALCULATE PAYROLL MANUALLY
3. Select: “manual payroll calculating”
4. Select: “set my company file to use manual tabulation”
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
![Page 8: C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2010 C HAPTER 11 Donna Kay Maryville University of Saint Louis.](https://reader036.fdocuments.in/reader036/viewer/2022062309/56649f305503460f94c4ac1f/html5/thumbnails/8.jpg)
MANUAL PAYROLL WITH QUICKBOOKS
After you enable QuickBooks to process payroll manually, you will:Go to Payroll SetupEnter Employee ListEnter TimePay EmployeesPay LiabilitiesProcess Payroll Forms
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
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PAYROLL SETUP
Use the QuickBooks Payroll Setup wizard to enter information like:Employee compensationEmployee benefitsOther additions and deductionsEmployee tax information
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
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PRINT PAYCHECKS
After entering time, prepare and print paychecks.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
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PAYROLL LIABILITIES
Payroll liabilities consist of:Federal income tax withheldState income tax withheldFICAFUTASUTA
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
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PAYROLL FORMS
Common payroll tax forms:Form 941Form 940
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010
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TO LEARN MORE …
Turn to Chapter 11
Visit the Online Learning CenterWWW.MHHE.COM/KAY2010
Visit the Student BlogWWW.QUICKBOOKSBLOG.INFO
COMPUTER ACCOUNTING WITH QUICKBOOKS 2010