Payroll at Year-End in QuickBooks Desktop

Author: Laura Madeira

Prepare yourself for a successful year end! In this on-demand course, Laura Madeira will give you useful tips to efficiently close the year.

Publication Date: December 2017

Designed For
Practicing CPAs, and CPAs in industry responsible for working with clients that use QuickBooks financial software.

Topics Covered

• Access to the Client's QuickBooks Data
  -On-Site — Which Payroll Subscription?
  -Copy of File — Added to Your QuickBooks Accountant Enhanced Payroll Subscription
  -Confirm Payroll Subscription is Active and Current
  -Enter After-the-Fact Payroll Records
  -Optional: Setup Client for Manual Payroll (no Subscription, Automation or Form Fill)
• Review Payroll for Accuracy
  -Efficient Method to Review Uncleared Pay Checks
  -Verify that Payroll Items have Correct Rates and Tax Tracking Type Assigned
  -Compare Current Payroll Totals to Previously Filed Quarters
  -Confirm Payroll Liabilities are Scheduled and Paid
  -How to Properly Adjust Payroll Liabilities
  -How to Correct Payroll Liability Payment Errors
• Review the Client's Financials Prior to Filing
  -Review Payroll Item List
  -Financial Reports to Review for Payroll Accuracy
  -Helpful Excel Payroll Pivot Tables for Payroll Data
• Year-end Payroll Process
  -Prepare Bonus Net-to-Gross Checks
  -Sign Up for E-Pay and E-File
  -Adjust Reported Totals on Payroll Forms
  -Print or E-File Payroll Forms for Federal and State

Learning Objectives

• Recognize the proper payroll subscription needed for you and your client to collaborate on payroll
• Identify considerations when reviewing the payroll setup for accuracy in your client's file
• List the reports that are useful when reviewing payroll financials
• Identify the process for completing year-end payroll tasks
• Identify a characteristic or functionality of Intuit QuickBooks Payroll Basic
• Differentiate the types of Intuit QuickBooks payroll subscription software can process up to 50 client EIN's
• Identify a process for reviewing payroll accuracy
• Recognize correct statements with respect to reviewing financials
• Identify a specific year-end payroll process
• Describe which QuickBooks solution to recommend to your client
• Differentiate additional functionalities of the QuickBooks Payroll Enhanced solution over the QuickBooks Payroll Basic solution
• Recognize how many EIN's Intuit Enhanced Payroll for Accountants can process
• Identify the first requirement of QuickBooks Desktop when correcting payroll liability payment errors
• Describe which tool should be run before preparing payroll reporting forms
• Recognize what you should compare balance sheet accounts to when reviewing financial reports
• Identify when you should compare wage totals and tax totals to

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Computer Software & Applications (2 hours)

Program Prerequisites
Must be familiar with QuickBooks

Advance Preparation
None