QuickBooks Payroll – QuickBooks Online

QuickBooks Payroll - QuickBooks Online

QuickBooks Payroll – QuickBooks Online

Processing QuickBooks Online payroll for a small business, generating paychecks, processing payroll tax forms

Language: english

Note: 4.6/5 (195 notes) 8,337 students

Instructor(s): Robert (Bob) Steele

Last update: 2019-06-05

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

 

Requirements

  • We should be familiar with QuickBooks and or accounting.

 

Description

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.

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.

 

Who this course is for

  • Bookkeeper who want to learn how to use QuickBooks Online payroll
  • Business owners who want to learn QuickBooks Online payroll
  • Accounting students who want a better understanding of payroll concepts and how they are used in accounting software
  • Business professionals who want a better understanding of how payroll works

 

Course content

  • Introduction
    • Introduction
    • PDF Payroll Introduction
    • 10 Payroll Introduction
    • 12 Why Learn Payroll Using QuickBooks Online
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • Federal Income Contributions Act (FICA)
    • 5 Federal Income Contributions Act (FICA)
    • 30 Federal Income Contributions Act (FICA)
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • Medicare Tax
    • 7 Medicare Tax
    • PDF – 520 Medicare Tax
    • 520 Medicare Tax
    • PDF – 40-HI-Calculation
    • 40 Medicare Tax Calculation
    • 40.2 Medicare QuickBooks
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • Reconciling Year End Payroll Forms
    • 15 Reconciling Year End Payroll Forms
    • 130 Reconciling Year End Payroll Forms
    • Accounting Comic Break
  • Payroll Register and Payroll Reports
    • 16 Payroll Register and Payroll Reports
    • PDF -330 Payroll Register
    • 330 Payroll Register
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • Retirement Plans
    • 18 Retirement Plans
    • PDF – 420 Retirement Plans
    • 420 Retirement Plans
    • 420.5 Retirement Plans QuickBooks
    • Accounting Comic Break
  • Post Tax Deductions
    • 19 Post Tax Deductions
    • PDF – 425 Post Tax Deductions
    • 425 Post Tax Deductions
    • 425.2 Post Tax Deductions QuickBooks
    • Accounting Comic Break
  • Net Pay Formula & Calculations
    • 20 Net Pay Formula & Calculations
    • PDF – 505 Net Pay Calculation
    • 505 Net Pay Calculation
    • 505.2 Net Pay Calculation QuickBooks
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • Comp Prob 1 – Add Garnishment & Process Payroll
    • 304 Payroll Items Setup Garnishments
    • 306 Process Payroll With Garnishments
    • 308 Payroll Forms With Garnishments
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • 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
    • Accounting Comic Break
  • Comp Prob 1 – Add Bonus & Process Payroll
    • 320 Process Payroll That Includes A Bonus
    • 322 Process Payroll Forms With Year End Bonus
    • Accounting Comic Break
  • 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
    • Accounting Comic Break

 

QuickBooks Payroll - QuickBooks OnlineQuickBooks Payroll - QuickBooks Online

Time remaining or 992 enrolls left

 

Don’t miss any coupons by joining our Telegram group 

Udemy Coupon Code 100% off | Udemy Free Course | Udemy offer | Course with certificate