CHAPTER 8 QBO EMPLOYEES AND PAYROLL

CHAPTER 8 QBO EMPLOYEES AND PAYROLL

1. PAYROLL PROCESSING

   • ENTER TIME
   • PAY EMPLOYEES
   • PAY PAYROLL LIABILITIES
     • TAXES
       • PAYROLL TAX
         • PAYMENTS
   • PROCESS PAYROLL FORMS

2. ADD EMPLOYEE TO EMPLOYEE LIST

   • EMPLOYEES ARE HIRED BY A BUSINESS AND THE BUSINESS PAYS WAGES, SALARY, PAYROLL TAXES, AND EMPLOYEE BENEFITS
   • SELECT TIME
     • ADD EMPLOYEE
       • FIRST NAME
         • LAST NAME
           • EMPLOYEE I.D.
             • SAVE

3. PAYROLL

   • CONTRACTOR
     • CONTRACTORS ARE PAID A CONTRACTED FEE, BUSINESS DOES NOT PAY PAYROLL TAXES OR BENEFITS TO THEM
     • ADD A CONTRACTOR
       • NAME OF CONTRACTOR
         • UNCHECK EMAIL CONTRACTOR TO COMPLETE PROFILE
           • ADD CONTRACTOR

4. TIME TRACKING

   • USE TO CALCULATE EMPLOYEE PAYCHECKS / CONTRACTOR PAYMENTS / TRANSFER TIME TO SALES TO BILL CUSTOMERS FOR WORK PREFORMED

5. INVOICE TRACKED TIME

6. PAYROLL TAX FORMS

   • FORM 940
     • EMPLOOYER UNEMPLOYEMNT
   • FORM 941
     • QUARTERLY TAX RETURN
   • FORM 944
     • ANNUAL TAX RETURN
   • W-2
     • GIVEN TO EMPLOYEE SUMMARY OF WAGES AND SALARY FOR THE YEAR
   • W-3
     • FILED WITH SSA SUMMARY OF W-2 FORMS

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