Tag Archives: payroll

Payroll, the New W4 & QuickBooks

Here is a video explaining and showing how to enter the new W-4 form info into QuickBooks:  

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Reconciling the Payroll

My client, Barbara, recently applied for and received research and development funding for her business endeavors. This funding requires Profit & Loss reports to be submitted to board members each month for review. The problem we faced here, per the Accountant, was that the payroll summary reports from the outsourced payroll services company, must match

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Handling Payroll Errors

My client, Elizabeth, had multiple payroll bookkeeping errors. I always advise clients to never fall into payroll errors and never let them fester and go ignored as these usually can have a direct effect on a payroll tax form or even a payroll tax payment. Elizabeth’s payroll bookkeeping errors were: Using two different bank accounts

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Switching & Migrating Payroll Services

My client, Sally, has not been too happy with her current full service payroll provider this year and now we are in the 4th quarter of the current year and she is wanting to switch full service payroll providers, this time to AccuraBooks Full Service Payroll Solutions. So, to be able to successfully migrate everything

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Posting Payroll Amounts into QuickBooks

Posting an outsourced payroll bookkeeping entry into QuickBooks can be a challenge ranging from real easy to confusing. For my client, Natalie, I have decided to collect an actual full detailed payroll report and also a payroll cash-needs report from her outsourced payroll provider after each and every payroll run, to enter this information (and

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How to Set Up an Employer Contributions 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 employer contribution portion of an employee’s health insurance plan,

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Payroll Tips

Handling payroll in-house is a responsibility that should be handled with the utmost care.  Among all of your bookkeeping tasks, payroll has the potential to produce some of the most negative repercussions for your business.  The main reasons for this increased risk are: 1) you are submitting payments to your employees whom are a part

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Owner Distribution vs. Owner Payroll

A popular question that is often asked by small business owners is whether they should pay themselves through a taxed payroll system or simply take the money from the business through Owner Distributions. My CPA recently answered a client as follows: “As long as you are NOT a C Corporation, then you can withdraw funds

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Simple Texas Payroll Setup Checklist for QuickBooks Enhanced

Getting setup for payroll with your QuickBooks Enhanced Payroll subscription is quick and easy if you take a few steps to have the information you need handy. You must have an EIN for your business in order to set up payroll.  Assuming you already have an EIN, here is a list of what you need

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