Tag Archives: payroll

Grossing Up Payroll in QuickBooks Desktop

This 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

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Posting Payroll Entries – Part 3

Part 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

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Posting Payroll Entries – Part 2

Part 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

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Posting Payroll Entries – Part 1

This 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

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How to Create a Payroll Bonus Item in QuickBooks Desktop Payroll

Open 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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Proper Payroll Setup & Maintenance Tips

Anyone who maintains a payroll system should be detail oriented as it can be quite easy to make mistakes in any aspect of a payroll system over time. Proper payroll due diligence must always be maintained here, no matter how many years of experience one may have in dealing with payroll matters. This being said,

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W2 Review

Each year I process W2 forms for employees, via AccuraBooks Full Service Payroll Solutions, for my clients. It seems like each year, I learn something new regarding what to review and watch out for prior to actually processing any payroll tax forms. So here are some basic things to watch out for prior to processing

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How to Set Up an Employee Deduction Health Insurance Payroll Item in Quickbooks Desktop

Open 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. You will need to create a new payroll item for the employee deduction portion of an employee’s health insurance plan,

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How to Set Up H.S.A. (Health Savings Account) Contribution Match Item in QuickBooks Desktop Payroll

Open 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. You will need to create a new payroll item for the employer contribution match portion of an employee’s Health Savings

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Payroll Health Insurance Accounts

Offering Health Insurance benefits through your company payroll can be an attractive benefit to obtain and retain employees, however the bookkeeping for BOTH health insurance paycheck deductions and company contributions is something that has to be monitored quite continuously, even if your do not alter any wages during the year. This is because the cost

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