QuickBooks Payroll - QuickBooks Online
Processing QuickBooks Online payroll for a small business, generating paychecks, processing payroll tax forms.
What you'll 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
