After you pay your employees, you must send funds for things like payroll taxes, employee withholdings, 401k contributions, and more. In this video, learn how to pay the payroll liabilities your company is responsible for.
- [Instructor] After you pay your employees, … you still need to send in money … for things like payroll taxes, … employee withholdings, 401k contributions, and so on. … Instead of the write checks window for these payments, … you use the payroll center's … pay liabilities feature. … In the payroll center, … you want to make sure the payroll tab … on the left is selected. … And then on the right-hand side, … select the pay liabilities tab. … The pay taxes and other liabilities table … shows you all of the liabilities that need to be paid. … Things like taxes, 401k, health insurance, … the liabilities related to payroll. … The dates in the period are based on the filing schedules … you set up for these items. … So most of them were set up to be monthly, … which is why the period shows us October, 2020. … Well, I'm going to select the first two items for the 401k. … I'm also going to select … California Withholding and Disability … and the California UI and Employment Training tax. … Once I've selected what I want to pay, down at the right …
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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