Course Code: qp3
You'll learn where to find the information you need to comply with both federal and state payroll requirements, how to apply for an Employer Identification Number (EIN), and how to use government websites to get answers to any payroll questions. You'll even find out how to properly classify workers as employees or independent contractors. Then, identify the differences between Intuit's payroll services so that you can choose the best payroll service for your situation.
Go through a checklist of the information you'll need to gather and enter into your QuickBooks file before creating paychecks for your employees. Then, learn how to avoid common mistakes by carefully entering your employees' information from the paperwork you gathered. You’ll also find out how to create defined fields and enter tax withholding amounts and employee sick and vacation time.
Learn about entering year-to-date payroll information and using the QuickBooks year-to-date wizard to summarize each employee's information. In addition, you'll find out how to summarize and enter the tax liabilities you already paid earlier in the year and how to generate certain payroll reports to check your data entry. Then, discover how to enter and track employee time related to specific projects or jobs in QuickBooks.
Learn how to create a new paycheck for an employee using a Payroll Schedule. We'll also discuss how to create paychecks using information entered on a time activity form, and how to review, correct, and, if necessary, void or delete a paycheck. Then, learn how to e-file liability checks and create printed liability checks that include assessed penalties. You’ll also find out how to use the payroll feature to track and pay other payroll items, such as health insurance premiums and 401(k) contributions.
Get a handle on this crucial responsibility, today you'll learn QuickBooks' easy-to-follow steps for generating and revising Federal Forms 941 and 940. And to make sure your information is accurate, we'll cover how to review your entries and compare them to the payroll data in your QuickBooks company file. Then to help you avoid costly errors, you'll learn how to use reports to review payroll data, identify errors, and even forecast future payroll obligations.
Learn how QuickBooks gives you the ability to generate Forms W-2, W-3 and 1099 and the best methods for reviewing them and making adjustments. Finally, you’ll learn the best ways to avoid and correct common mistakes QuickBooks users make when processing payroll.
Scott Paxton is recognized as a Certified Public Accountant and holds master's degrees in business administration and accounting. His background includes experience as a public accountant, a manager in the banking industry, an entrepreneur and a college business instructor. In addition, Scott has spent much of his career working closely with small business owners to help them successfully implement and troubleshoot the QuickBooks accounting program.
There are no prerequisites for this course.
Intuit's QuickBooks Pro 2013 for Windows or QuickBooks Premier 2013 for Windows (software must be installed and fully operational before the course begins)
Microsoft Windows 2000, XP, Vista or Version 7 or 8
Note: The Macintosh, Simple-Start, and Online versions of QuickBooks are not supported in this course. Also, please be aware that this course covers only United States payroll procedures. Canadian (or other countries') payroll procedures are not supported in this course.
A new session of each course opens each month, allowing you to enroll whenever your busy schedule permits!
Once a session starts, two lessons will be released each week, for the six-week duration of your course. You will have access to all previously released lessons until the course ends.
Keep in mind that the interactive discussion area for each lesson automatically closes 2 weeks after each lesson is released, so you’re encouraged to complete each lesson within two weeks of its release.
The Final Exam will be released on the same day as the last lesson. Once the Final Exam has been released, you will have 2 weeks plus 10 days to complete the Final and finish any remaining lessons in your course. No further extensions can be provided beyond these 10 days.