Book Image

Mastering Quickbooks® 2023, Fourth Edition - Fourth Edition

By : Crystalynn Shelton
Book Image

Mastering Quickbooks® 2023, Fourth Edition - Fourth Edition

By: Crystalynn Shelton

Overview of this book

Mastering QuickBooks® 2023 is a comprehensive guide that covers everything you need to know to master QuickBooks, from setting up your accounts and managing your transactions to generating reports and integrating with other software. With step-by-step instructions, real-world examples, and practical tips and tricks, this book is designed to help small business owners, independent contractors, and bookkeepers optimize their financial management and streamline their business operations.
Table of Contents (28 chapters)
1
Section I: Setting Up Your Company File
7
Section II: Recording Transactions in QuickBooks Online
12
Section III: Generating Reports in QuickBooks Online
17
Section IV: Managing Employees and Contractors
19
Section V: Closing the Books and Handling Special Transactions
24
QuickBooks Certified User Exam Objectives
25
Other Books You May Enjoy
26
Index
Appendix

Filing payroll tax forms and payments

Employers are required to file payroll tax forms and make payroll tax payments at both the federal, state, and sometimes local level. The due dates will vary by employer and are generally based on the dollar amount of the payroll and other factors specific to your business. The IRS website (http://irs.gov) is the best resource for finding out what the federal requirements are. At the state level, you should contact the Employment Development Department (EDD), Secretary of State, or Department of Revenue, depending on where you live, to learn what the requirements are for your state. As discussed in the Setting up payroll section, you will need to obtain a state employer ID number. Once you do so, you should receive information about filing and paying state payroll taxes, if applicable.

There are a few key reports that you should generate to assist you with completing payroll tax forms:

  • Payroll Tax Liability: This report provides...