From the course: QuickBooks Payroll Essential Training
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Entering year-to-date totals
From the course: QuickBooks Payroll Essential Training
Entering year-to-date totals
- [Illustrator] If you start using QuickBooks payroll mid year, you have to record your year to date totals for paychecks, tax payments and benefits. That way the program can produce payroll reports and end of year W2's for filing taxes. Head up to the top of the screen and click the employee's menu. On the dropdown, select payroll setup. Once you have the payroll setup interview open, over on the left side, click payroll history. The first green has a couple of questions for you. The first one is, did you pay any employees in 2020? When you first open up this screen it will have no selected. But part of the reason that we're going to fill in the payroll history is because we have paid employees. So I want to keep this yes option selected. Then the second choice that you have is whether you want to consolidate the paychecks from the previous quarters. Now, if it's early in the year, you may want the detailed paycheck…
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