Payroll the Easy Way

Name: Payroll the Easy Way
Rating: 4.4 (41 reviews)

Learn payroll fast including QuickBooks payroll training!

Created byEric Knight, DBA, CPA

Last updated 11/2022

English

What you'll learn

Learn the basics of payroll
Calculate employee pay and benefit deductions
Understand the basic tax forms employees need and how to withhold taxes.
Use QuickBooks Online to input payroll expense and payroll tax.
Business decisions
Human resources

Course content

3 sections • 17 lectures • 1h 31m total length

Introduction2:02
Welcome to the course!
Key Legislation part 17:57
You begin with some key legislation that payroll professionals need to know in order to protect the employees and company based on payroll law.
Key Legislation part 23:33
You learn additional payroll laws that are key in understanding payroll rules and processes. You continue to understands what laws are provided for protecting employees and how your company can stay within those laws.
Hiring part 16:49
When an employee is hired, there are a series of tasks that need to be completed. An employee record must be set-up and maintained in order to keep accuracy in the process.
Hiring part 26:14
Hiring employees includes multiple steps and decisions that need to be made by management. For example, managers need to determine how often the employees will be paid among other decisions.

Calculating Pay part 15:40
Now that the employees have been added to the system and have begun working for the company, you will need to calculate how much they are owed.
Calculating Pay part 26:56
Employee pay calculations are complex so you continue to learn the various aspects of determining what is owed to the employee.
Benefits8:21
Most employers provide employees with benefits. Benefits are attractive to employees and are positive for the company too. You will learn how benefits are a win-win situation for both the employee and employer.
W-46:48
A key form that is obtained from the employee is the W-4. This form is part of the hiring process. However, due to the significance of this form in payroll calculations, you will get a lesson that focuses just on the W-4.
FIT Percentage Method7:48
Federal Income Tax Withholdings Percentage Method: You will learn one method used to calculate how much money to withhold from employee pay to submit to the federal government for income tax.
FIT Bracket Method5:32
Federal Income Tax Withholdings Bracket Method: There is another option that is available in calculating federal income tax withholdings. You will learn the bracket method and why this method may be a useful option for payroll.
FICA5:09
The Federal Insurance Contribution Act is one of the most significant elements in payroll. In this lesson you learn how to calculate both the Social Security and Medicare withholdings necessary for the employee as well as employer contributions.

Payroll Accounting4:01
In lesson you will learn the journal entries needed to account for the payroll, benefits, and withholdings.
QuickBooks Employee List3:05
QuickBooks Online for Employee Lists: QuickBooks is the most popular software tool in business. By the end of this lesson, you will learn how to add an employee to the system using the employee record. You will learn how to access a free QuickBooks testing environment to practice these steps.
QuickBooks Payroll Expense7:40
QuickBooks Online for Payroll Expense: In this lesson you learn how to include the journal entry needed for payroll. You do not need to pay for the QuickBooks payroll service. Instead by the end of this lesson, you can add the payroll to the books yourself.
QuickBooks Payroll Tax Expense2:57
QuickBooks Online for Payroll Tax: There are two elements of employee pay. Previously we looked at payroll expense. Now you learn how to add the payroll tax to your QuickBooks system.
Conclusion0:42
Thank you for joining me on this journey to become a payroll professional!

Requirements

No prior experience needed. This is for the true beginner.

Description

Payroll professionals are in high demand!

Payroll is a key element of many businesses. As soon as a business grows enough to need help, payroll becomes an issue.

Why don’t YOU become the solution!

After taking the course you will have the ability complete the payroll process for a business. You will have developed the skillset necessary for a position in a payroll department or for a payroll service.

In this course you learn the basics of payroll from the ground up.

Key Payroll Laws
Hiring Process
Calculating Employee Pay
W-4 and I-9 Demonstration
Employee Benefits
Federal Tax Withholding Calculation
Payroll Accounting
QuickBooks Online Payroll Entries

You begin by understanding the key legislation payroll professionals must know. These laws are in place to protect employees. The company depends on payroll to follow these laws and advise management in their implementation.

Now you are ready to begin the hiring process. On-boarding an employee means you put those laws in action by setting up their employee record. Learn the importance of pay periods. Provide the employees with key documents such as the W-4 and I-9.

Let’s get into the nitty-gritty of payroll calculations. Employers and employees will depend on you to calculate the employee pay accurately and in a timely manner. How do benefits get determined? Will benefits be included in the payroll calculation?

Payroll is often included as part of the accounting process. You will learn how to create the journal entry for payroll in a short and to the point lesson. But here is where it gets really powerful, you learn how to use QuickBooks Online to input that payroll transaction.

Want more! You will learn how you can actually practice using QuickBooks Online to do the payroll entry without spending a dime on a QuickBooks subscription. That is right, you can use the QuickBooks testing environment as a free tool for educational purposes!

This course is designed for the true beginner. The lessons are short and to the point.

Learn by doing!

You will also get assignments that are designed for practice. Master complex calculations through practice sessions in Excel.

Join me in this journey to becoming a payroll professional!

Who this course is for:

This course is for the person that wants to become a payroll professional.
Human resources beginning level
Beginning level administrator

Payroll the Easy Way

What you'll learn

Explore related topics

Course content

Introduction5 lectures • 27min

Calculating Payroll7 lectures • 46min

Payroll Accounting5 lectures • 18min

Requirements

Description

Who this course is for: