CHAPTER 8 QBO EMPLOYEES AND PAYROLL

PAYROLL PROCESSING
1. ENTER TIME
2. PAY EMPLOYEES
3. PAY PAYROLL LIABILITIES
  1. TAXES
    1. PAYROLL TAX
      1. PAYMENTS
4. PROCESS PAYROLL FORMS
ADD EMPLOYEE TO EMPLOYEE LIST
Annotations:
- EMPLOYEES ARE HIRED BY A BUSINESS AND THE BUSINESS PAYS WAGES, SALARY, PAYROLL TAXES, AND EMPLOYEE BENEFITS
1. SELECT TIME
  1. ADD EMPLOYEE
    1. FIRST NAME
      1. LAST NAME
        EMPLOYEE I.D.
        SAVE
PAYROLL
1. CONTRACTOR
  Annotations:
  - CONTRACTORS ARE PAID A CONTRACTED FEE, BUSINESS DOES NOT PAY PAYROLL TAXES OR BENEFITS TO THEM
  1. ADD A CONTRACTOR
    1. NAME OF CONTRACTOR
      1. UNCHECK EMAIL CONTRACTOR TO COMPLETE PROFILE
        ADD CONTRACTOR
TIME TRACKING
1. USE TO CALCULATE EMPLOYEE PAYCHECKS / CONTRACTOR PAYMENTS / TRANSFER TIME TO SALES TO BILL CUSTOMERS FOR WORK PREFORMED
INVOICE TRACKED TIME
PAYROLL TAX FORMS
1. FORM 940
  1. EMPLOOYER UNEMPLOYEMNT
2. FORM 941
  1. QUARTERLY TAX RETURN
3. FORM 944
  1. ANNUAL TAX RETURN
4. W-2
  1. GIVEN TO EMPLOYEE SUMMARY OF WAGES AND SALARY FOR THE YEAR
5. W-3
  1. FILED WITH SSA SUMMARY OF W-2 FORMS

Resource summary

	Created by Kelli Kramer almost 4 years ago