Payroll Module

How to Pay a Bonus in QuickBooks Payroll

There may be occasions during the employees duration of employment, that the employer wants to pay a bonus for work performed, reaching a sales quota or maybe at Christmas. QuickBooks looks at a Bonus as a separate payroll item thus you have to set this up in order to pay it. QuickBooks will also tax this Bonus, so if you want the figure to be a particular number, than you will have to...

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QuickBooks – How to Pay Your Payroll Liabilities

As you may know as the employer, you are required to track both the payroll expenses and liabilities as per the Employment Standards Act.  The following are the amounts and accounts you will look after: Company-paid portions of EI and CPP/QPP Company-paid benefits for your employees – e.g. company-provided dental plans Employees gross pay QuickBooks sets up a default called Payroll...

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How to Run a Scheduled Payroll in QuickBooks

Now that you have entered in your time sheets, let’s move ahead to the actual scheduled payroll. It doesn’t matter if it’s a bi-weekly, semi-monthly or monthly type. Just make sure you have set up all your Employees for this particular type. Once again I am using a sample company which is QuickBooks Pro, 2011. Go to Home and in the Employees section you will find a Pay Employees...

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QuickBooks – Enter Time for Employees and Customer Jobs

If you have a number of hourly employees, you will find that the Enter Time function is the quickest way to process your payroll. Most companies that have hourly personnel, have them fill out their time sheets on a daily basis, so you can enter in the time sheets at the end of each week leading up to the payroll. Once you have completed the timesheets, QuickBooks will pull that information into...

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QuickBooks Payroll – Part 2 – Adding a New Employee

As mentioned from the previous segment, it is now time to set up an Employee. Working from your Home page click on Employees which will take you to your Employee Centre/Employees tab/New Employee. In the New Employee screen you should see three other tabs: Personal, Address and Contact and Additional Information. In the Change Tabs: field the drop down box will have three other selections:...

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QuickBooks Payroll – The Beginning

This is going to be a long series because QuickBooks Payroll is quite sophisticated and must be set up properly. So one of your early questions was why should you spend the extra money for a monthly subscription? My answer is the same as I told you in an earlier article – saves time, increases accuracy and ensures compliance. What you will need in order to operate Payroll is a...

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