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Description

QuickBooks Online payroll will describe the payroll process for a small business in detail, so bookkeepers, accountants, and business owners can better understand how to set up payroll, process payroll, and troubleshoot problems related to payroll.
This course will introduce the payroll set-up in the QuickBooks Online system, walking through payroll screens.
We will discuss payroll legislation that will affect payroll calculations within QuickBooks Online and list the payroll forms we will need to generate from Quickbooks Online.
The course will walk through the process of entering a new employee into the QuickBooks Online system and describe where the data would be received from in practice including Form W-4.
We will discuss Federal Income Tax (FIT) calculations within QuickBooks Online. The course will describe how FIT is calculated, what is needed for QuickBooks Online to calculate FIT, and how to enter the data into the accounting system.
The course will describe the Federal Income Contributions Act (FICA) and its components.
We will calculate social security and describe how QuickBooks Online will help with the calculations as we process payroll.
The course will calculate Medicare and describe how QuickBooks Online will help with the calculations of Medicare when we process payroll.
We will calculate Federal Unemployment (FUTA) and discuss how FUTA is related to state unemployment (SUTA).
The course will describe and calculate employer taxes and discuss which taxes are employee taxes and which taxes are employer taxes.
We will describe payroll journal entries and discuss how payroll data is populated in the QuickBooks Online reports and financial statements including the profit and loss and balance sheet.
We will discuss and enter both mandatory and voluntary deductions into the QuickBooks Online system.
The course will discuss retirement plan options, how to enter them into the QuickBooks Online system, and how they are used to calculate net income and payroll taxes.
We will work a comprehensive problem, processing payroll within QuickBooks Online. The comprehensive problem will use the paid QuickBooks Online feature.
The comprehensive problem will start very basic with one employee and will increase in complexity as we enter more benefits and payroll details each year.
Who this course is for:
Bookkeeper who want to learn how to use QuickBooks Online payroll
Business owners who want to learn QuickBooks Online payroll
Accounting students who want a better understanding of payroll concepts and how they are used in accounting software
Business professionals who want a better understanding of how payroll works

What you'll learn

List and describe payroll related legislation

Enter new employee information into QuickBooks and describe where to get the data necessary to add a new employee

Set up and calculate Federal Income Tax (FIT)

Describe the Federal Income Contribution Act and its components

Set up and calculate social security

Set up and calculate Medicare

Set up and calculate Federal Unemployment

Describe and calculate employer payroll taxes

Generate payroll journal entries from payroll reports

Generate and analyze Form 941 Employer's Quarterly Federal Tax Return

Generate and analyze Form 940 Employer's Annual Federal Unemployment (FUTA) Tax Return

Generate and analyze Forms W-2 & W-3

Reconciling year end payroll tax forms

Generate and analyze a payroll register and payroll reports

Describe mandatory and voluntary deductions and how they are entered into QuickBooks Online

List and describe types of retirement plans and how to set them up in QuickBooks Online

Enter comprehensive payroll problem into QuickBooks Online

Setup paid payroll in QuickBooks Online

Process payroll in QuickBooks Online

Requirements

  • You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
  • No previous design experience is needed.
  • No previous Adobe XD skills are needed.

Course Content

27 sections • 95 lectures
Expand All Sections
1-Introduction
5
1.1-Introduction
1.2-PDF Payroll Introduction
1.3-10 Payroll Introduction
1.4-12 Why Learn Payroll Using QuickBooks Online
1.5-Accounting Comic Break
2-Payroll Legislation & Policies
8
2.1-2 Payroll Legislation & Policies
2.2-PDF - 20 Payroll Legislation
2.3-20 Payroll Legislation
2.4-21-Federal-Income-Contributions-Act-FICA
2.5-21 Payroll Consideration and Tax Forms
2.6-21.2 Payroll Considerations & Forms QuickBooks
2.7-22.2 Payroll Periods QuickBooks
2.8-Accounting Comic Break
3-New Employee Tax Forms and Data Input Into QuickBooks Online
5
3.1-3 New Employee Tax Forms and Data Input
3.2-PDF - 23-New-Employee-Tax-Form-Contractor-vs-Employee (2)
3.3-23 New Employee Tax Forms & Contractor vs Employee
3.4-23.2 New Employee QuickBooks
3.5-Accounting Comic Break
4-Federal Income Tax FIT
10
4.1-4 Federal Income Tax FIT
4.2-PDF - 510 Federal Income Tax (FIT)
4.3-510 Federal Income Tax (FIT)
4.4-PDF - 20-Federal-Income-Tax-FIT-Tables
4.5-20 Federal Income Tax FIT
4.6-20.2 Federal Income Tax QuickBooks
4.7-PDF - 25-Federal-Income-Tax-FIT-Percent-Method
4.8-25 Federal Income Tax FIT - Percent Method
4.9-25.2 Federal Income Tax Percentage Method QuickBooks
4.10-Accounting Comic Break
5-Federal Income Contributions Act (FICA)
3
5.1-5 Federal Income Contributions Act (FICA)
5.2-30 Federal Income Contributions Act (FICA)
5.3-Accounting Comic Break
6-Social Security Tax
7
6.1-6 Social Security Tax
6.2-PDF - 515 Social Security
6.3-515 Social Security
6.4-PDF - 30-OASDI-Calculation
6.5-30 Social Security Tax Calculation
6.6-30.2 Social Security Tax QuickBooks
6.7-Accounting Comic Break
7-Medicare Tax
7
7.1-7 Medicare Tax
7.2-PDF - 520 Medicare Tax
7.3-520 Medicare Tax
7.4-PDF - 40-HI-Calculation
7.5-40 Medicare Tax Calculation
7.6-40.2 Medicare QuickBooks
7.7-Accounting Comic Break
8-Federal Unemployment & State Unemployment
7
8.1-8 Federal Unemployment & State Unemployment
8.2-PDF - 615-Federal-State-Unemployment-Tax
8.3-615 Federal & State Unemployment Tax
8.4-PDF - 50-FUTA
8.5-50 Federal Unemployment Tax Act Calculation
8.6-50.2 FUTA & SUTA Taxes QuickBooks
8.7-Accounting Comic Break
9-Employer Payroll Taxes
7
9.1-9 Employer Payroll Taxes
9.2-PDF - 55-Employer-Taxes
9.3-55 Employer Taxes Calculation
9.4-55.2 Employer payroll Taxes QuickBooks
9.5-PDF - 605 Taxes Employer - Employee
9.6-605 Taxes Employer Employee
9.7-Accounting Comic Break
10-Payroll Expense Journal Entry
5
10.1-10 Payroll Expense Journal Entry
10.2-PDF - 70-Payroll-Expense-Journal-Entry
10.3-70 Payroll Expense Journal Entry
10.4-70.2 Payroll Expense Journal Entry QuickBooks
10.5-Accounting Comic Break
11-Payroll Tax Journal Entry
5
11.1-11 Payroll Tax Journal Entry
11.2-PDF - 80-Payroll-Tax-Expenses-Journal-Entry
11.3-80 Payroll Tax Expense Journal Entry
11.4-80.2 Payroll Tax Journal Entry QuickBooks
11.5-Accounting Comic Break
12-Form 941 Employer's Quarterly Federal Tax Return
7
12.1-12 Form 941 Employer's Quarterly Federal Tax Return
12.2-PDF - 620-Form-941
12.3-620 Form 941
12.4-PDF - 100-Form-941
12.5-100 Form 941
12.6-100.2 Form 941 QuickBooks
12.7-Accounting Comic Break
13-Form 940 Employer's Annual Federal Unemployment (FUTA) Tax Return
6
13.1-13 Form 940 Employer's Annual Federal Unemployment (FUTA) Tax Return
13.2-PDF - 625-Form-940 (2)
13.3-625 Form 940
13.4-PDF - 110-Form-940
13.5-110 Form 940
13.6-Accounting Comic Break
14-Form W-2 & W-3
7
14.1-14 Form W-2 & W-3
14.2-PDF - 630-W-2-W-3
14.3-920 Form W-3
14.4-PDF - 120-W-2-W-3
14.5-120 Form W-3 & W-2
14.6-120.2 Form W-3 QuickBooks
14.7-Accounting Comic Break
15-Reconciling Year End Payroll Forms
3
15.1-15 Reconciling Year End Payroll Forms
15.2-130 Reconciling Year End Payroll Forms
15.3-Accounting Comic Break
16-Payroll Register and Payroll Reports
4
16.1-16 Payroll Register and Payroll Reports
16.2-PDF -330 Payroll Register
16.3-330 Payroll Register
16.4-Accounting Comic Break
17-Mandatory and Voluntary Deductions
5
17.1-17 Mandatory and Voluntary Deductions
17.2-PDF - 415 Deductions From Gross Pay
17.3-415 Deductions From Gross Pay
17.4-415.5 Mandatory and Voluntary Deductions QuickBooks
17.5-Accounting Comic Break
18-Retirement Plans
5
18.1-18 Retirement Plans
18.2-PDF - 420 Retirement Plans
18.3-420 Retirement Plans
18.4-420.5 Retirement Plans QuickBooks
18.5-Accounting Comic Break
19-Post Tax Deductions
5
19.1-19 Post Tax Deductions
19.2-PDF - 425 Post Tax Deductions
19.3-425 Post Tax Deductions
19.4-425.2 Post Tax Deductions QuickBooks
19.5-Accounting Comic Break
20-Net Pay Formula & Calculations
5
20.1-20 Net Pay Formula & Calculations
20.2-PDF - 505 Net Pay Calculation
20.3-505 Net Pay Calculation
20.4-505.2 Net Pay Calculation QuickBooks
20.5-Accounting Comic Break
21-Comprehensive Problem - Paid Payroll Using QuickBooks Online
1
21.1-21 Comprehensive Problem - Paid Payroll Using QuickBooks Online
22-Comp Prob 1 - Set Up Paid Payroll In Quickbooks Online
5
22.1-250 Paid Payroll QuickBooks Online New Company
22.2-255 Purchase Payroll Payroll Options
22.3-257 Payroll Set Up Process After Purchased
22.4-258 Add Checking Account to Chart of Accounts
22.5-Accounting Comic Break
23-Comp Prob 1 - Process Basic Payroll With One Employee In QuickBooks Online
4
23.1-260 Process Payroll Plain Payroll
23.2-261 Payroll Tax Forms & Payment Set Up
23.3-262 Payroll Forms After Plain Payroll Financials & 941
23.4-Accounting Comic Break
24-Comp Prob 1 - Add 401(k) Plan & Process Payroll Using QuickBooks Online
6
24.1-264 Add 401(K) Payroll Item
24.2-266 Process Payroll With 401(K) Plan
24.3-268 Payroll Forms After Payroll With 401(K) Plan
24.4-270 Process Payroll 401 K Employer Match
24.5-272 Payroll Forms After 401(K) With Employer Matching
24.6-Accounting Comic Break
25-Comp Prob - Add Dental Insurance Employee Paid After Tax & Process Payroll
4
25.1-274 Payroll Item Setup Dental Insurance Employee Paid After Tax
25.2-276 Process Payroll After Adding Dental Insurance Employee Paid After Tax
25.3-278 Reports After Payroll Item Setup Dental Insurance Employee Paid After Tax
25.4-Accounting Comic Break
26-Comp Prob 1 - Add Vision Insurance Employee Paid Before Taxes & Process Payroll
4
26.1-280 Payroll Item Setup Vision Insurance Employee Paid Before Taxes
26.2-282 Process Payroll with Vision Insurance Employee Paid Before Taxes
26.3-284 Payroll Reports After Vision Insurance Employee Paid Before Taxes
26.4-Accounting Comic Break
27-Comp Prob 1 - Add Health Insurance Employer Paid & Run Payroll
5
27.1-285 New Employee Add
27.2-286 Payroll Item Setup Health Insurance Employer paid
27.3-288 Process Payroll With Health Insurance Employer paid
27.4-290 Payroll Reports With Health Insurance Employer Paid
27.5-Accounting Comic Break
28-Comp Prob 1 - Add Health Savings Account & Process Payroll
4
28.1-298 Payroll Item Setup Health Savings Account
28.2-300 Process Payroll With Health Savings Account
28.3-302 Payroll Forms Health Savings Account
28.4-Accounting Comic Break
29-Comp Prob 1 - Add Garnishment & Process Payroll
4
29.1-304 Payroll Items Setup Garnishments
29.2-306 Process Payroll With Garnishments
29.3-308 Payroll Forms With Garnishments
29.4-Accounting Comic Break
30-Comp Prob 1 - Add Sick Time Off & Process Payroll
3
30.1-310 Payroll Item Setup Paid Sick Time Off
30.2-312 Process Payroll With Paid Sick Time Off
30.3-Accounting Comic Break
31-Comp Prob 1-Add Salaried Employee, Setup S Corp Medical Insurance, & Run Payroll
4
31.1-314 S-Corp Owner Payroll & S Corp Medical Insurance Item Setup
31.2-316 Process Payroll With S Corp Medical Insurance Item Setup
31.3-318 Payroll Forms With S Corp Medical Insurance Item Setup
31.4-Accounting Comic Break
32-Comp Prob 1 - Add Bonus & Process Payroll
3
32.1-320 Process Payroll That Includes A Bonus
32.2-322 Process Payroll Forms With Year End Bonus
32.3-Accounting Comic Break
33-Comp Prob 1 - Adjust Payroll Items, Add Payroll Accounts, & Analyze Reports
4
33.1-328 Payroll Report Compared To Income Statement
33.2-330 Setup Owner Payroll Expense Account
33.3-335 Form W-3
33.4-Accounting Comic Break