If you start using payroll mid-year you must tell the payroll setup interview your YTD totals for paychecks, tax payments, and other payments like benefits. In this video, learn how to enter values for payroll already paid during the year.
- [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 information. … In that case, when you first open up the screen …
Note: This course covers only the US versions of QuickBooks Desktop and Payroll.
Skill Level Beginner
Using the exercise files2m 36s
1. Getting Started
2. Setting up Payroll Information
3. Defining Payroll Taxes
4. Finalizing Payroll Setup
5. Running Payroll and Payroll Liabilities
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