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,
Read MoreEach 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
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. You will need to create a new payroll item for the employee deduction portion of an employee’s health insurance plan,
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. You will need to create a new payroll item for the employer contribution match portion of an employee’s Health Savings
Read MoreOffering 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
Read MoreWhether you are going to be integrating your payroll data from a 3rd party provider into your current bookkeeping platform or utilizing your own in-house payroll system, it is always a good idea to properly setup your corresponding liability and expense accounts in your chart of accounts AND periodically check the data and balances in all
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. You will need to create a new payroll item for the employee deduction portion of an employee’s Health Savings Account
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. You will need to create a new payroll item for the employer match portion of an employee’s 401(k) company-sponsored plan,
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. You will need to create a new payroll item for the employee deduction portion of an employee’s 401(k) company-sponsored plan,
Read MoreHere is a video explaining and showing how to enter the new W-4 form info into QuickBooks:
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