QuickBOoks Pro 2018 Paryoll - Processing checks will cover the generating of payroll check within the accounting software. Processing payroll can be one of the most confusing functions, partially because there are so many options in QuickBooks PRo 2018 and outside the accounting software using third party software. We will process the payroll within QuickBOoks Pro 2018. To due this we will need some kind of QuickBOoks pro 2018 payroll set up. We will be using the manual QuikcBOoks payroll. This is a free version which is great for understanding how the QuickBooks Pro 2018 payroll process works because it requires us to input the withholding, forcing us to contemplate what withholding are and how the accounting software calculates and records them. We will enter employee paycheck within the accounting software for two employees and analyze the effect on the financial statements, analyze the accounts effected by the Quickbooks Pro 2018's payroll process
So this video is about software that could calculate the payroll for you but instead we figure it out by calculator and manually put it in. I understand that the payroll person should understand the theory behind the calculations but why then buy software. In this case excel will do just fine or a yellow pad, if we are not using the system not even to print on check stock. Kind of reminds me of being kids and using our fingers to put food in the spoon to bring it to our mouths.
It's axiomatic that "those who are completely familiar with any system are incapable of remembering what it's like to be new to that system." This video is a perfect example. instructions like "just click on the so-snd-do tab" are useless when you have no idea where the so-and-so tab even IS! By the time you find it the video is 10 minutes down the mystery path. "JUst set up your tax information" is useless instruction without SLOWLY and METHODICALLY explaining just how the hell to do that! That was the very reason I was watching this video, thank you very much for nothing...
Nice Video! Free 30 day trial. More than 1 million independent ventures utilize Intuit, the #1 finance administrations organization. You develop your business - we handle finance, impose recording, specialists comp, 1099s and work law notices for you. https://goo.gl/5nZN1E
Tax Deposit Information For the date range, provides taxable earnings totals, Federal 941, 940 and State tax deposit information.
This item has been saved to your reading list.
The level of manual tasks, duplication and non-value added activities in the payroll process often prevent staff from providing the reports that management require on a timely basis.
The best practice for providing management information that is timely, useful and relevant is automating, simplifying and standardising as many processes and tasks as possible, to eliminate unnecessary complexity and inconsistencies. This will reduce opportunities for error or fraud and make it easier to track the quantity and quality of information flowing to payroll.
A holistic approach that considers factors across all business dimensions, including strategy, structure, people, process and technology, creates reporting that is highly sustainable and scalable.
If you do not feel confident in your reporting capabilities or would like to improve your reports, technology could be a valuable ally providing master data that is clean, up to date and which can be relied upon.
Employee Advance Summary For the date range lists Advances paid and repaid with beginning and ending balances, one line per employee.
Employee Payroll Summary Lists for the date range Gross Pay, Total Withholdings, Credits, Reimbursements, Advances and Checks Total, one employee per line.
Payroll Journal Summary.
Payroll Journal Summary For the date range selected provides posting debit and credit totals for the Accounting sections Assets, Liabilities, Revenue and Expenses, with totals by General Ledger account number within each section.
Tax Liability Summary.
Form 941 Information For the date range selected, provides total Federal and State taxable wages, EIC credits, and other tax deposit information relevant to the 941 report.