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
QuickBooks Online payroll will describe the payroll process for a small business in detail, so bookkeepers, accountants, and business owners can better understand how to set up payroll, process payroll, and troubleshoot problems related to payroll.
This course will introduce the payroll set-up in the QuickBooks Online system, walking through payroll screens.
We will discuss payroll legislation that will affect payroll calculations within QuickBooks Online and list the payroll forms we will need to generate from Quickbooks Online.
The course will walk through the process of entering a new employee into the QuickBooks Online system and describe where the data would be received from in practice including Form W-4.
We will discuss Federal Income Tax (FIT) calculations within QuickBooks Online. The course will describe how FIT is calculated, what is needed for QuickBooks Online to calculate FIT, and how to enter the data into the accounting system.
The course will describe the Federal Income Contributions Act (FICA) and its components.
We will calculate social security and describe how QuickBooks Online will help with the calculations as we process payroll.
The course will calculate Medicare and describe how QuickBooks Online will help with the calculations of Medicare when we process payroll.
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We will calculate Federal Unemployment (FUTA) and discuss how FUTA is related to state unemployment (SUTA).
The course will describe and calculate employer taxes and discuss which taxes are employee taxes and which taxes are employer taxes.
We will describe payroll journal entries and discuss how payroll data is populated in the QuickBooks Online reports and financial statements including the profit and loss and balance sheet.
We will discuss and enter both mandatory and voluntary deductions into the QuickBooks Online system.
The course will discuss retirement plan options, how to enter them into the QuickBooks Online system, and how they are used to calculate net income and payroll taxes.
We will work a comprehensive problem, processing payroll within QuickBooks Online. The comprehensive problem will use the paid QuickBooks Online feature.
The comprehensive problem will start very basic with one employee and will increase in complexity as we enter more benefits and payroll details each year.
Introduction
Introduction
PDF Payroll Introduction
10 Payroll Introduction
12 Why Learn Payroll Using QuickBooks Online
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Payroll Legislation & Policies
2 Payroll Legislation & Policies
PDF – 20 Payroll Legislation
20 Payroll Legislation
21-Federal-Income-Contributions-Act-FICA
21 Payroll Consideration and Tax Forms
21.2 Payroll Considerations & Forms QuickBooks
22.2 Payroll Periods QuickBooks
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New Employee Tax Forms and Data Input Into QuickBooks Online
3 New Employee Tax Forms and Data Input
PDF – 23-New-Employee-Tax-Form-Contractor-vs-Employee (2)
23 New Employee Tax Forms & Contractor vs Employee
23.2 New Employee QuickBooks
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Federal Income Tax FIT
4 Federal Income Tax FIT
PDF – 510 Federal Income Tax (FIT)
510 Federal Income Tax (FIT)
PDF – 20-Federal-Income-Tax-FIT-Tables
20 Federal Income Tax FIT
20.2 Federal Income Tax QuickBooks
PDF – 25-Federal-Income-Tax-FIT-Percent-Method
25 Federal Income Tax FIT – Percent Method
25.2 Federal Income Tax Percentage Method QuickBooks
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Federal Income Contributions Act (FICA)
5 Federal Income Contributions Act (FICA)
30 Federal Income Contributions Act (FICA)
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Social Security Tax
6 Social Security Tax
PDF – 515 Social Security
515 Social Security
PDF – 30-OASDI-Calculation
30 Social Security Tax Calculation
30.2 Social Security Tax QuickBooks
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Medicare Tax
7 Medicare Tax
PDF – 520 Medicare Tax
520 Medicare Tax
PDF – 40-HI-Calculation
40 Medicare Tax Calculation
40.2 Medicare QuickBooks
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Federal Unemployment & State Unemployment
8 Federal Unemployment & State Unemployment
PDF – 615-Federal-State-Unemployment-Tax
615 Federal & State Unemployment Tax
PDF – 50-FUTA
50 Federal Unemployment Tax Act Calculation
50.2 FUTA & SUTA Taxes QuickBooks
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Employer Payroll Taxes
9 Employer Payroll Taxes
PDF – 55-Employer-Taxes
55 Employer Taxes Calculation
55.2 Employer payroll Taxes QuickBooks
PDF – 605 Taxes Employer – Employee
605 Taxes Employer Employee
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Payroll Expense Journal Entry
10 Payroll Expense Journal Entry
PDF – 70-Payroll-Expense-Journal-Entry
70 Payroll Expense Journal Entry
70.2 Payroll Expense Journal Entry QuickBooks
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Payroll Tax Journal Entry
11 Payroll Tax Journal Entry
PDF – 80-Payroll-Tax-Expenses-Journal-Entry
80 Payroll Tax Expense Journal Entry
80.2 Payroll Tax Journal Entry QuickBooks
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Form 941 Employer’s Quarterly Federal Tax Return
12 Form 941 Employer’s Quarterly Federal Tax Return
PDF – 620-Form-941
620 Form 941
PDF – 100-Form-941
100 Form 941
100.2 Form 941 QuickBooks
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Form 940 Employer’s Annual Federal Unemployment (FUTA) Tax Return
13 Form 940 Employer’s Annual Federal Unemployment (FUTA) Tax Return
PDF – 625-Form-940 (2)
625 Form 940
PDF – 110-Form-940
110 Form 940
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Form W-2 & W-3
14 Form W-2 & W-3
PDF – 630-W-2-W-3
920 Form W-3
PDF – 120-W-2-W-3
120 Form W-3 & W-2
120.2 Form W-3 QuickBooks
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Reconciling Year End Payroll Forms
15 Reconciling Year End Payroll Forms
130 Reconciling Year End Payroll Forms
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Payroll Register and Payroll Reports
16 Payroll Register and Payroll Reports
PDF -330 Payroll Register
330 Payroll Register
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Mandatory and Voluntary Deductions
17 Mandatory and Voluntary Deductions
PDF – 415 Deductions From Gross Pay
415 Deductions From Gross Pay
415.5 Mandatory and Voluntary Deductions QuickBooks
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Retirement Plans
18 Retirement Plans
PDF – 420 Retirement Plans
420 Retirement Plans
420.5 Retirement Plans QuickBooks
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Post Tax Deductions
19 Post Tax Deductions
PDF – 425 Post Tax Deductions
425 Post Tax Deductions
425.2 Post Tax Deductions QuickBooks
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Net Pay Formula & Calculations
20 Net Pay Formula & Calculations
PDF – 505 Net Pay Calculation
505 Net Pay Calculation
505.2 Net Pay Calculation QuickBooks
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Comprehensive Problem – Paid Payroll Using QuickBooks Online
21 Comprehensive Problem – Paid Payroll Using QuickBooks Online
Comp Prob 1 – Set Up Paid Payroll In Quickbooks Online
250 Paid Payroll QuickBooks Online New Company
255 Purchase Payroll Payroll Options
257 Payroll Set Up Process After Purchased
258 Add Checking Account to Chart of Accounts
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Comp Prob 1 – Process Basic Payroll With One Employee In QuickBooks Online
260 Process Payroll Plain Payroll
261 Payroll Tax Forms & Payment Set Up
262 Payroll Forms After Plain Payroll Financials & 941
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Comp Prob 1 – Add 401(k) Plan & Process Payroll Using QuickBooks Online
264 Add 401(K) Payroll Item
266 Process Payroll With 401(K) Plan
268 Payroll Forms After Payroll With 401(K) Plan
270 Process Payroll 401 K Employer Match
272 Payroll Forms After 401(K) With Employer Matching
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Comp Prob – Add Dental Insurance Employee Paid After Tax & Process Payroll
274 Payroll Item Setup Dental Insurance Employee Paid After Tax
276 Process Payroll After Adding Dental Insurance Employee Paid After Tax
278 Reports After Payroll Item Setup Dental Insurance Employee Paid After Tax
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Comp Prob 1 – Add Vision Insurance Employee Paid Before Taxes & Process Payroll
280 Payroll Item Setup Vision Insurance Employee Paid Before Taxes
282 Process Payroll with Vision Insurance Employee Paid Before Taxes
284 Payroll Reports After Vision Insurance Employee Paid Before Taxes
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Comp Prob 1 – Add Health Insurance Employer Paid & Run Payroll
285 New Employee Add
286 Payroll Item Setup Health Insurance Employer paid
288 Process Payroll With Health Insurance Employer paid
290 Payroll Reports With Health Insurance Employer Paid
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Comp Prob 1 – Add Health Savings Account & Process Payroll
298 Payroll Item Setup Health Savings Account
300 Process Payroll With Health Savings Account
302 Payroll Forms Health Savings Account
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Comp Prob 1 – Add Garnishment & Process Payroll
304 Payroll Items Setup Garnishments
306 Process Payroll With Garnishments
308 Payroll Forms With Garnishments
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Comp Prob 1 – Add Sick Time Off & Process Payroll
310 Payroll Item Setup Paid Sick Time Off
312 Process Payroll With Paid Sick Time Off
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Comp Prob 1-Add Salaried Employee, Setup S Corp Medical Insurance, & Run Payroll
314 S-Corp Owner Payroll & S Corp Medical Insurance Item Setup
316 Process Payroll With S Corp Medical Insurance Item Setup
318 Payroll Forms With S Corp Medical Insurance Item Setup
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Comp Prob 1 – Add Bonus & Process Payroll
320 Process Payroll That Includes A Bonus
322 Process Payroll Forms With Year End Bonus
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Comp Prob 1 – Adjust Payroll Items, Add Payroll Accounts, & Analyze Reports
328 Payroll Report Compared To Income Statement
330 Setup Owner Payroll Expense Account
335 Form W-3
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