Processing QuickBooks Pro Desktop 2019 payroll for a small business, generating paychecks, processing payroll tax forms
β±οΈ Length: 22.9 total hours
β 4.55/5 rating
π₯ 24,472 students
π July 2021 update
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- Course Overview
- This comprehensive course is meticulously designed to transform you into a proficient payroll manager using QuickBooks Pro Desktop 2019. It provides an immersive, step-by-step journey through the entire payroll lifecycle within a small business context. You will gain a deep understanding of setting up, executing, and reporting payroll efficiently, ensuring your business remains compliant and your employees are paid accurately and on time. The curriculum is built for practical application, empowering you to handle real-world payroll challenges with confidence.
- Dive into the functionalities of QuickBooks Desktop Pro 2019 specifically tailored for payroll, understanding how to navigate its interface for optimal payroll management. The course emphasizes building a robust and error-free payroll system from the ground up, covering all critical aspects beyond just tax calculations. With over 22 hours of content, this highly-rated course (4.55/5 by 24,472 students) attests to its effectiveness and relevance in the accounting profession.
- Explore the nuances of various payment structures, from hourly wages to salaries, and learn how to configure QuickBooks to accommodate them seamlessly. This training goes beyond theoretical concepts, guiding you through practical exercises that simulate actual payroll processing scenarios, thereby solidifying your understanding and practical skills in managing employee compensation and associated financial responsibilities.
- Understand the critical importance of maintaining accurate payroll records and how QuickBooks facilitates this process, creating a reliable audit trail. This course will equip you with the knowledge to establish payroll policies and procedures within QuickBooks that align with best practices and legal requirements, ensuring operational smoothness and minimizing potential financial discrepancies or regulatory issues.
- Benefit from a structured learning path that starts with fundamental concepts and progressively moves to more advanced payroll features, making complex topics digestible and manageable. This will enable you to take full control of your businessβs payroll operations, leading to greater financial transparency and strategic planning capabilities.
- Requirements / Prerequisites
- A foundational understanding of basic accounting principles, including debits, credits, and the general ledger, will be highly beneficial for grasping the underlying financial concepts of payroll. While not strictly mandatory, this background will enhance your learning experience.
- Prior exposure to QuickBooks Desktop Pro (any version) is recommended, as the course focuses specifically on its payroll features. Familiarity with the general navigation and core functionalities of QuickBooks will allow you to concentrate more on the payroll-specific modules.
- Access to QuickBooks Desktop Pro 2019 software is essential, as the course content and demonstrations are built around this specific version. Learners should have either a licensed copy or be prepared to use a trial version for hands-on practice.
- A reliable computer with a stable internet connection is required to access course materials, watch video lectures, and perform practical exercises within QuickBooks. Ensure your system meets the minimum requirements for running QuickBooks Desktop Pro 2019 efficiently.
- A strong desire to learn and take ownership of your small business’s payroll processing. The course is designed for individuals eager to manage payroll independently, reduce outsourcing costs, and ensure compliance.
- Skills Covered / Tools Used
- Setting up Company Payroll Preferences: Master the configuration of payroll settings within QuickBooks to match your specific business needs, including pay schedules, company contribution items, and employee default settings.
- Managing Employee Compensation and Deductions: Learn to effectively handle various forms of employee compensation (e.g., commissions, bonuses) and manage diverse payroll deductions such as health insurance premiums, 401(k) contributions, and wage garnishments, ensuring proper classification and calculation.
- Time Tracking Integration: Discover how to integrate and process time-sheet data for accurate payroll, especially crucial for hourly employees or project-based compensation, streamlining the transition from tracked hours to paychecks.
- Generating Comprehensive Payroll Reports: Develop the ability to generate and analyze a wide array of payroll reports (e.g., payroll summary, employee earnings, payroll tax liability) for internal management, budgeting, and external compliance reviews.
- Handling Employer Payroll Liabilities: Understand how to correctly record, track, and manage employer payroll liabilities, including the proper allocation of employer-paid taxes and benefits, and ensuring timely payments to relevant authorities.
- Utilizing Direct Deposit Features: Set up and manage direct deposit for employees, leveraging QuickBooks’ capabilities to automate salary distribution securely and efficiently, reducing the administrative burden of paper checks.
- Year-End Payroll Preparation: Master the process of preparing for year-end activities, including the generation and review of W-2 forms for employees and W-3 transmittal forms, ensuring all annual reporting requirements are met accurately.
- Troubleshooting Payroll Discrepancies: Gain valuable skills in identifying, diagnosing, and resolving common payroll errors or discrepancies, ensuring data integrity and preventing costly mistakes or penalties.
- Benefits / Outcomes
- Independent Payroll Management: You will emerge with the skills and confidence to autonomously manage a small business’s entire payroll process from initial setup to final reporting within QuickBooks Pro Desktop 2019.
- Enhanced Regulatory Compliance: Develop a thorough understanding of payroll best practices and compliance requirements, significantly reducing the risk of penalties, audits, and legal issues related to incorrect payroll processing.
- Cost Savings and Efficiency: Eliminate the need for expensive third-party payroll services, saving your business significant operational costs while improving the efficiency and timeliness of payroll operations.
- Improved Financial Accuracy: Ensure precise and consistent payroll calculations and record-keeping, contributing to more accurate financial statements and better decision-making for your business.
- Valuable Professional Skill: Add a highly sought-after and practical skill set to your resume, making you a more valuable asset in administrative, bookkeeping, or small business management roles.
- Greater Control and Oversight: Gain complete control and deep insight into your labor costs, employee compensation, and payroll tax obligations, allowing for better budget management and financial forecasting.
- Smoother Business Operations: Contribute to increased employee satisfaction and trust by ensuring consistent, accurate, and timely paychecks, fostering a more positive work environment.
- Foundation for Advanced Accounting: Lay a solid groundwork for further specialization in accounting, taxation, or human resources, building upon your core payroll expertise.
- PROS
- Highly Practical and Hands-On: The course emphasizes real-world application, allowing learners to practice directly within QuickBooks, which is crucial for mastering payroll procedures.
- Experienced-Instructor Led Content: The high rating and large student count suggest well-structured, expert-driven content that is effective and easy to follow.
- Flexible, Self-Paced Learning: With over 22 hours of content, learners can proceed at their own pace, fitting the study around their existing commitments.
- Comprehensive Coverage: The curriculum covers the end-to-end payroll process, equipping learners with a complete skill set for small business payroll management.
- Widely Applicable Software: QuickBooks Desktop Pro remains a dominant accounting software for small to medium-sized businesses, making the learned skills highly transferable and valuable in the job market.
- CONS
- Specific Software Version Reliance: The course is built exclusively around QuickBooks Pro Desktop 2019, which may not be the most current version for all users, potentially requiring access to or purchase of this specific older version.
Learning Tracks: English,IT & Software,Other IT & Software
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