Exciting improvements are coming to QuickBooks Payroll beginning March 1, 2020. Intuit has made some changes to the QuickBooks Online Payroll lineup. They are transitioning from two products (Enhanced and Full Service Payroll) to three products, with new and improved features that will allow you to run payroll automatically, use time tracking, and access a suite of HR and employee …
A Tour through QuickBooks’ Payroll Setup Tool
Getting QuickBooks ready to process payroll is a complex, time-consuming process. Here’s what you can expect. Payday. You look forward to it when you’re young and working at your first part-time job. But as a grown-up who needs to start processing payroll for your employees, you probably anticipate it differently, perhaps even with a sense of dread. QuickBooks handles the …
Working with Employee Records in QuickBooks Online
Payroll requires countless details about each employee. QuickBooks Online will walk you through the process of entering them. If you’ve only been on the receiving end of a paycheck, you may not know just how much prep work went into your neatly-organized paystubs. Those official-looking columns of numbers that described how much you earned and how much was taken out …
What is the form 1099-K?
1) 1099-MISC: Basically all companies are required to send anyone that you paid services to that total over $600 for the year, a 1099-Misc. This can be your cleaning service, yard service, tax service, lawyers, building repairs, casual labor. Those that you paid with cash/check, you still need to prepare a 1099-MISC. 2) 1099-K: If you paid any of these individuals …
How to pay 941 Tax directly through #QuickBooks.
If you are setup to pay your 941 payroll tax payments online, and you have a payroll subscription through QuickBooks, you can pay these directly through QuickBooks without having to have the extra double step. Eliminate double entry!! Here is how to set it up: While in single user mode – Click on employees, payroll taxes & liabilities, edit payment …
How to track Employee Loans in QuickBooks
Issuing/Repaying an Employee Advance First Part: Create a check Pay to the order of the Employee but listed as a vendor Enter Account – use “Employee Loan” (or similar other current asset) Second Part: Go into Employee Center Scroll to the Employee Edit Employee Information Change tab from Personal Information to payroll & compensation Under the section “additions, deductions…” Enter …