QuickBooks Payroll - QuickBooks Online
4.3 (60 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4,062 students enrolled

QuickBooks Payroll - QuickBooks Online

Processing QuickBooks Online payroll for a small business, generating paychecks, processing payroll tax forms
4.3 (60 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4,062 students enrolled
Last updated 6/2019
English
English [Auto]
Current price: $139.99 Original price: $199.99 Discount: 30% off
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This course includes
  • 14 hours on-demand video
  • 29 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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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
  • We should be familiar with QuickBooks and or accounting.
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
Course content
Expand all 167 lectures 14:06:02
+ Introduction
5 lectures 32:56
12 Why Learn Payroll Using QuickBooks Online
06:19
Accounting Comic Break
00:14
+ Payroll Legislation & Policies
8 lectures 40:09
2 Payroll Legislation & Policies
00:43
PDF - 20 Payroll Legislation
00:08
21-Federal-Income-Contributions-Act-FICA
00:08
21 Payroll Consideration and Tax Forms
16:19
21.2 Payroll Considerations & Forms QuickBooks
10:15
22.2 Payroll Periods QuickBooks
04:29
Accounting Comic Break
00:14
+ New Employee Tax Forms and Data Input Into QuickBooks Online
5 lectures 25:13
3 New Employee Tax Forms and Data Input
00:38
PDF - 23-New-Employee-Tax-Form-Contractor-vs-Employee (2)
00:08
23 New Employee Tax Forms & Contractor vs Employee
17:15
23.2 New Employee QuickBooks
06:58
Accounting Comic Break
00:14
+ Federal Income Tax FIT
10 lectures 48:25
4 Federal Income Tax FIT
00:36
PDF - 510 Federal Income Tax (FIT)
00:08
510 Federal Income Tax (FIT)
14:47
PDF - 20-Federal-Income-Tax-FIT-Tables
00:08
20 Federal Income Tax FIT
07:14
20.2 Federal Income Tax QuickBooks
12:13
PDF - 25-Federal-Income-Tax-FIT-Percent-Method
00:08
25 Federal Income Tax FIT - Percent Method
07:43
25.2 Federal Income Tax Percentage Method QuickBooks
05:14
Accounting Comic Break
00:14
+ Federal Income Contributions Act (FICA)
3 lectures 09:17
5 Federal Income Contributions Act (FICA)
00:57
30 Federal Income Contributions Act (FICA)
08:06
Accounting Comic Break
00:14
+ Social Security Tax
7 lectures 35:49
6 Social Security Tax
00:25
PDF - 515 Social Security
00:08
515 Social Security
11:36
PDF - 30-OASDI-Calculation
00:08
30 Social Security Tax Calculation
06:10
30.2 Social Security Tax QuickBooks
17:08
Accounting Comic Break
00:14
+ Medicare Tax
7 lectures 27:09
7 Medicare Tax
00:33
PDF - 520 Medicare Tax
00:08
520 Medicare Tax
06:03
PDF - 40-HI-Calculation
00:08
40 Medicare Tax Calculation
03:31
40.2 Medicare QuickBooks
16:32
Accounting Comic Break
00:14
+ Federal Unemployment & State Unemployment
7 lectures 31:26
8 Federal Unemployment & State Unemployment
00:57
PDF - 615-Federal-State-Unemployment-Tax
00:08
615 Federal & State Unemployment Tax
09:19
PDF - 50-FUTA
00:08
50 Federal Unemployment Tax Act Calculation
03:43
50.2 FUTA & SUTA Taxes QuickBooks
16:57
Accounting Comic Break
00:14
+ Employer Payroll Taxes
7 lectures 33:54
9 Employer Payroll Taxes
00:44
PDF - 55-Employer-Taxes
00:08
55 Employer Taxes Calculation
07:19
55.2 Employer payroll Taxes QuickBooks
16:00
PDF - 605 Taxes Employer - Employee
00:08
605 Taxes Employer Employee
09:21
Accounting Comic Break
00:14
+ Payroll Expense Journal Entry
5 lectures 29:41
10 Payroll Expense Journal Entry
01:50
PDF - 70-Payroll-Expense-Journal-Entry
00:08
70 Payroll Expense Journal Entry
10:40
70.2 Payroll Expense Journal Entry QuickBooks
16:50
Accounting Comic Break
00:13