QuickBooks Payroll - QuickBooks Online

Learn to master QuickBooks Online payroll for your small business! This comprehensive course is designed for bookkeepers, accountants, and business owners seeking a clear understanding of the entire payroll process. Gain the skills to confidently set up payroll, accurately process payroll, and effectively troubleshoot payroll issues within QuickBooks Online.

We'll begin with a detailed introduction to QuickBooks Online payroll setup, navigating through all relevant screens. Understand the payroll legislation impacting your calculations and identify the essential payroll forms you can generate directly from QuickBooks Online.

Discover how to seamlessly enter new employees into QuickBooks Online, including understanding data sources like Form W-4. Dive deep into Federal Income Tax (FIT) calculations within QuickBooks Online: learn how FIT is calculated, what information is required for accurate calculations, and the step-by-step process for entering data.

We'll break down the Federal Income Contributions Act (FICA) and its components, then calculate Social Security and Medicare using QuickBooks Online, understanding how the software simplifies these calculations during payroll processing. Learn about Federal Unemployment Tax (FUTA) and its relationship to State Unemployment Tax (SUTA).

This course clearly differentiates between employee taxes and employer taxes, and explains how to record payroll journal entries. See how payroll data is integrated into QuickBooks Online reports and financial statements, including the profit and loss and balance sheet.

You'll learn to manage both mandatory and voluntary deductions within QuickBooks Online. Explore various retirement plan options, how to configure them in QuickBooks Online, and how these plans impact net income and payroll taxes.

Finally, put your knowledge to the test with a comprehensive, hands-on problem that simulates real-world payroll processing using the paid version of QuickBooks Online. Starting with a single employee, the exercise progressively increases in complexity, incorporating more benefits and detailed payroll information year over year. By the end of this course, you'll be proficient in using QuickBooks Online for all your payroll needs!