IT & Software > Other IT & Software
23 h
£49.99 £12.99
Master QuickBooks Payroll for Small Businesses: Desktop Pro 2019 Edition
What you will learn:
- Payroll legislation and regulations
- Adding new employees in QuickBooks Desktop Pro
- Setting up and calculating federal income tax (FIT)
- Understanding the Federal Income Contributions Act (FICA)
- Calculating Social Security and Medicare taxes
- Managing federal and state unemployment taxes
- Calculating employer payroll taxes
- Generating payroll journal entries
- Using QuickBooks Desktop Pro to file Form 941 (quarterly taxes)
- Using QuickBooks Desktop Pro to file Form 940 (annual unemployment taxes)
- Generating and analyzing Forms W-2 and W-3
- Reconciling year-end payroll forms
- Creating and interpreting payroll registers and reports
- Setting up and processing payroll deductions
- Setting up and managing retirement plans
- Processing payroll in QuickBooks Desktop Pro 2019 for both paid and manual payroll systems
- Paying payroll liabilities in QuickBooks Desktop Pro
- Understanding payroll reporting and data analysis
Description
Are you a bookkeeper, accountant, or business owner responsible for payroll? This comprehensive QuickBooks Desktop Pro payroll course empowers you to manage payroll with confidence, covering everything from initial setup to generating paychecks, processing tax forms, and resolving common payroll issues.
From the basics to advanced payroll calculations, this course offers hands-on guidance and practical examples. We delve into key aspects of payroll legislation, provide step-by-step instructions for setting up payroll, processing paychecks for both employees and contractors, and calculating federal, state, and local taxes. You'll learn to navigate QuickBooks Desktop Pro's user interface, understand essential payroll forms, and generate accurate reports for your business.
Gain a deep understanding of payroll principles, tax regulations, and QuickBooks functionality with real-world scenarios and downloadable practice files. This course is ideal for beginners or those seeking to improve their payroll knowledge and streamline their payroll processes.
Enroll today and unlock the power of QuickBooks Desktop Pro for efficient, accurate, and compliant payroll management.
Curriculum
Introduction to Payroll and QuickBooks Desktop Pro
This section lays the foundation for your payroll journey. You'll gain a comprehensive understanding of payroll concepts and get acquainted with the QuickBooks Desktop Pro interface. Learn how to restore backup files and familiarize yourself with the software's features. This section includes interactive videos and PDFs to guide your learning.
Payroll Legislation and Policies
Dive into the legal framework of payroll. Discover essential payroll legislation and regulations that impact payroll calculations. Explore the various tax forms required for payroll processing, including those related to federal, state, and local taxes. This section equips you with the knowledge to ensure compliant payroll practices.
Adding New Employees and Tax Form Processing
Learn the process of adding new employees to your QuickBooks Desktop Pro system. Master the steps involved in setting up employee information, collecting necessary tax forms (like Form W-4), and understanding the difference between employees and contractors. This section emphasizes practical application to make onboarding new employees seamless.
Federal Income Tax (FIT) Calculations and Setup
Explore the intricacies of federal income tax withholding. Discover how FIT is calculated, the factors that influence its determination, and how to accurately input this information into QuickBooks Desktop Pro. This section provides clear explanations and examples to ensure you're comfortable with FIT calculations.
Understanding the Federal Income Contributions Act (FICA)
Gain a comprehensive understanding of the Federal Income Contributions Act (FICA). This section explores the components of FICA, including Social Security and Medicare, and their impact on payroll calculations. This section provides the foundation for accurate FICA calculations and compliance.
Social Security Tax Calculations and Setup
Master the calculation of Social Security tax. Discover the formula used for Social Security tax, how it is applied within QuickBooks Desktop Pro, and the key factors that influence this calculation. This section ensures you're equipped to manage Social Security tax effectively.
Medicare Tax Calculations and Setup
Learn about Medicare tax and its calculation. This section explains the process of calculating Medicare tax, demonstrates its application within QuickBooks Desktop Pro, and highlights the factors that influence its computation. This section ensures you're proficient in managing Medicare tax calculations.
Federal Unemployment (FUTA) and State Unemployment (SUTA)
Explore the concept of unemployment taxes. This section explains the relationship between federal unemployment tax (FUTA) and state unemployment tax (SUTA), the factors that affect their calculation, and how to handle them within QuickBooks Desktop Pro. This section provides a thorough understanding of unemployment tax management.
Employer Payroll Taxes and Their Calculation
Gain a clear understanding of employer payroll taxes. This section delves into the types of taxes employers are responsible for, outlines the calculation methods, and demonstrates how to handle these taxes within QuickBooks Desktop Pro. This section ensures you're prepared to manage employer payroll tax obligations.
Payroll Expense Journal Entry
Discover the process of generating payroll expense journal entries. This section explains the concept of payroll expense journal entries, provides step-by-step instructions on how to create them in QuickBooks Desktop Pro, and demonstrates how they are used to track payroll costs. This section enhances your understanding of journal entry creation for payroll.
Payroll Tax Journal Entry
Master the creation of payroll tax journal entries. This section explains the importance of payroll tax journal entries, guides you through the process of generating them in QuickBooks Desktop Pro, and highlights their role in accurate tax reporting. This section deepens your knowledge of payroll tax management.
Form 941: Employer's Quarterly Federal Tax Return
Learn the ins and outs of Form 941. This section explores the purpose of Form 941, provides comprehensive instructions on how to complete it within QuickBooks Desktop Pro, and guides you through analyzing its generated reports. This section empowers you to accurately file your quarterly tax returns.
Form 940: Employer's Annual Federal Unemployment (FUTA) Tax Return
Gain expertise in Form 940. This section explains the purpose of Form 940, provides step-by-step guidance on completing it in QuickBooks Desktop Pro, and guides you through analyzing its generated reports. This section ensures you're comfortable with filing your annual FUTA tax return.
Forms W-2 and W-3: Reporting Employee Compensation and Taxes
Learn about Forms W-2 and W-3. This section covers the purpose of these forms, explains their connection to year-end payroll reporting, guides you through their generation in QuickBooks Desktop Pro, and helps you analyze the generated reports. This section ensures you're equipped to provide accurate year-end tax information to your employees.
Reconciling Year-End Payroll Forms
Master the art of reconciling year-end payroll forms. This section guides you through the process of comparing and verifying the accuracy of various payroll tax forms to ensure consistent reporting. This section ensures you're confident in the accuracy of your year-end payroll tax filings.
Payroll Register and Payroll Reports
Explore the power of payroll reports. This section explains the purpose of a payroll register, demonstrates how to generate various payroll reports in QuickBooks Desktop Pro, and guides you through their analysis. This section enhances your understanding of payroll reporting and data analysis.
Mandatory and Voluntary Deductions
Discover the various deductions from gross pay. This section explains the types of mandatory and voluntary deductions, provides guidance on setting them up in QuickBooks Desktop Pro, and demonstrates how they affect payroll calculations. This section equips you to handle payroll deductions with confidence.
Retirement Plan Options and Setup
Explore different retirement plan options. This section outlines the various types of retirement plans available, guides you through setting them up in QuickBooks Desktop Pro, and demonstrates how they impact payroll calculations. This section provides valuable insights into retirement plan management.
Post-Tax Deductions: Managing Employee-Paid Benefits
Learn about deductions made after taxes. This section explains the concept of post-tax deductions, guides you through setting up various employee-paid benefits in QuickBooks Desktop Pro, and demonstrates their impact on payroll calculations. This section ensures you're proficient in managing post-tax deductions.
Net Pay Formula and Calculations
Understand the calculation of net pay. This section explains the net pay formula, provides step-by-step instructions on how to calculate net pay in QuickBooks Desktop Pro, and demonstrates how it is affected by various payroll components. This section enhances your understanding of net pay calculation.
Comprehensive Problem One: Paid Payroll in QuickBooks Desktop Pro 2019
Apply your knowledge through a comprehensive problem. This section guides you through a step-by-step process of setting up and processing payroll in QuickBooks Desktop Pro 2019, including adding employees, various payroll items, and running payroll calculations. This section reinforces your understanding of payroll practices.
Comprehensive Problem Two: Manual Payroll in QuickBooks and Excel Calculations
Deepen your understanding with a manual payroll problem. This section guides you through setting up payroll manually within QuickBooks Desktop Pro while simultaneously calculating payroll elements in Excel. By comparing the two methods, you gain valuable insights into the inner workings of payroll calculations. This section strengthens your analytical skills and payroll knowledge.