In doing so, you’re creating Payroll Items. Each page poses questions, and you provide answers by entering data and selecting options from drop-down lists. This is a multi-screen, wizard-like tool that walks you through the process of providing information about employees, compensation, benefits and other additions/deductions, and taxes. You find this tool by going to Employees | Payroll Setup. This element of your accounting is complicated enough that QuickBooks has a separate setup tool to guide you through the myriad details you’ll need to provide. If you’re interested in exploring Intuit’s online payroll service, we can tell you about that, as well as advise you on the other options displayed here.
#What is quickbooks desktop payroll full#
Under QUICKBOOKS PAYROLL FEATURES, make sure the button in front of Full Payroll is filled in by clicking on it. Open the Edit menu and click Preferences, then click Payroll & Employees | Company Preferences. You must first make sure that payroll is turned on. That said, we’ll give you a brief preview of how QuickBooks Payroll Items work. Federal, state, and local taxing agencies will count on you to submit the proper payroll taxes and filings on time failure to do so can result in stiff penalties and worse. You’re responsible for your employees’ livelihoods and for maintaining any benefits they’ll receive. It goes without saying that accuracy is critical here. QuickBooks simplifies the actual mechanics of setting up and running payroll, but there’s still a lot you need to know. If you have no experience dealing with paychecks, deductions, and payroll taxes, we strongly recommend that you let us help you get started. But the reward is complete control over your compensation records and transactions, and constant access to your payroll data. If you plan to process your own payroll using QuickBooks, you need to understand how payroll items work.Ĭonsidering processing your own payroll in QuickBooks? Whether you’re moving from a payroll service or getting ready to pay your first employee, you’re taking on a complex set of tasks that requires a great deal of setup and absolute precision.
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