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Mastering QuickBooks 2021

You're reading from   Mastering QuickBooks 2021 The ultimate guide to bookkeeping and QuickBooks Online

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Product type Paperback
Published in Jan 2021
Publisher Packt
ISBN-13 9781800204041
Length 414 pages
Edition 2nd Edition
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Author (1):
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Crystalynn Shelton Crystalynn Shelton
Author Profile Icon Crystalynn Shelton
Crystalynn Shelton
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Table of Contents (26) Chapters Close

Preface 1. Section 1: Setting Up Your Company File
2. Getting Started with QuickBooks Online FREE CHAPTER 3. QuickBooks Online Advanced 4. Company File Setup 5. Migrating to QuickBooks Online 6. Customizing QuickBooks for Your Business 7. Managing Customers, Vendors, Products, and Services 8. Section 2: Recording Transactions in QuickBooks Online
9. Managing Sales Tax 10. Recording Sales Transactions in QuickBooks Online 11. Recording Expenses in QuickBooks Online 12. Reconciling Downloaded Bank and Credit Card Transactions 13. Section 3: Generating Reports in QuickBooks Online
14. Report Center Overview 15. Business Overview Reports 16. Customer Sales Reports in QuickBooks Online 17. Vendor and Expenses Reports 18. Section 4: Managing Employees and Contractors
19. Managing Payroll in QuickBooks Online 20. Managing 1099 Contractors in QuickBooks Online 21. Section 5: Closing the Books and Handling Special Transactions
22. Closing the Books in QuickBooks Online 23. Handling Special Transactions in QuickBooks Online 24. Shortcuts and Test Drive 25. Other Books You May Enjoy

Running payroll

After setting up your employees, you are ready to run your first payroll. It's important to run payroll so that your employees are paid on time and to ensure you meet all of your payroll deadlines to the state and local tax authorities. Running payroll in QBO can be done in five easy steps. From the Payroll tab, you will select the Let's go button to start entering payroll information for the pay period. Next, you should double-check that the bank account, pay period, and pay date that appear in the header are correct. If so, proceed to enter the hours worked for all hourly employees. The pay amount for salary employees will automatically populate, so just review them for accuracy. Review the payroll details and submit them for processing. 

Follow these steps to run payroll in QBO:

  1. Click on Workers on the left menu bar to navigate to the Employee Center:

  1. Click the Let's go button as indicated to create paychecks for employees:

    ...
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