This article addresses the concept of ensuring your payroll tax filings and payments are up to date and correct. One sure sign that your payroll tax obligations might be amiss is if a recent payroll tax payment never cleared your bank account. This could be due to the fact that you depended on your payroll
Read MoreThis article addresses how to post a payroll tax liability adjustment in QuickBooks Desktop. Here is the scenario: You received your annual Texas state unemployment tax rate notice that informs you of what your effective tax rate will be for the upcoming calendar year. Unfortunately, this notice did not arrive until well after the
Read MoreThis article is Part 3 of a series of articles dealing with the matter of posting payroll expenses and liabilities in your books via journal entries. Part 3 will specifically address recognizing retirement benefits employee deductions and the corresponding company contributions and liabilities in your books via journal entries. So, to get started,
Read MoreThis article is Part 2 of a series of articles dealing with the matter of posting payroll expenses and liabilities in your books via journal entries. Part 2 will specifically address recognizing health insurance employee deductions and the corresponding company contributions and liabilities in your books via journal entries. So, to get started,
Read MoreThis article will be part of a series of articles dealing with the matter of posting payroll expenses and liabilities in your books via journal entries. Part 1 will specifically address recognizing 401(k) employee deductions and the corresponding company contributions and liabilities in your books via journal entries. So, to get started, let’s
Read MoreThis article addresses the concept of grossing up a paycheck and touches on how to do this within the QuickBooks Desktop payroll platform. Grossing up payroll means that you are going to pay an employee based on the NET wages and not on the gross wages. Typically, when you process payroll, you already have
Read MorePart 3 of this series of payroll entry blogs will look into the payroll entries that can be posited to recognized unpaid payroll tax liabilities. If you process a payroll for your employees and you decide to wait until a later time to submit the corresponding tax payments to the appropriate tax agencies, then
Read MorePart 2 of this series of payroll entry blogs will look into how you can post manual payroll entries that recognize payroll-related 401(k) obligations. As a reminder, if you subscribe to a separate 3rd party payroll provider that is NOT integrated into your bookkeeping platform, then you will have to post the payroll expenses
Read MoreThis series of blogs will look into the various ways you can recognize your payroll costs in your bookkeeping platform. If you subscribe to a separate 3rd party payroll provider that is NOT integrated into your bookkeeping platform, then you will have to post the payroll expenses into your financials yourself. There are certainly different
Read MoreOpen Quickbooks desktop and click on the Lists menu and select Payroll Item List. Note: If payroll is not turned on in your Quickbooks file, then you will not see the Payroll Item List selection. Click on Payroll Item at the bottom of the screen, or simply select Ctrl+N. Select Custom Setup and click Next.
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