Quickbooks payroll setup checklist

Created with Sketch. Have questions about what to do to prepare for tax time? Our year-end hub will walk you through the process. Find out how to upgrade your subscription, manage your password, view account fees, request a refund, and much more on our account management page. If you start using QuickBooks Payroll after January 1 but have not yet run a payroll this calendar year, you will have no year-to-date information to enter.

Was this helpful? Yes No. You must sign in to vote, reply, or post. Labels: QuickBooks Online Payroll. This way you know when the law changes. Before the first payroll of Invite your employees to view W-2s online Invite your employees to QuickBooks Workforce so they can see their pay stubs and W-2s online.

Review and update employee information Install the latest payroll update and make sure your QuickBooks is on the latest release. Update employee information , such as employee SSNs, legal names, and addresses. Ask employees to review and update W-4 and state withholding forms. Review and update any changes to your federal deposit and filing schedule.

Review sick and vacation hours, including used and unused time. Review and update company information Run reports for year-end : employee details, payroll details, taxes, and wage summary. Update State Unemployment Insurance rates.

Find Charlette On LinkedIn. Charlette Beasley is a writer and editor at Fit Small Business focusing on payroll. With more than a decade of accounting and finance experience, Charlette has worked side-by-side with HR and accounting leaders to establish and help implement payroll best practices, controls, and systems.

Her experience ranges among small, mid-sized, and large businesses in industries like banking and marketing to manufacturing and nonprofit. Heather Landau is a staff writer at Fit Small Business, specializing in all things payroll. Throughout her career, she has worked to help hundreds of small business owners in managing many aspects of their business, from bookkeeping to accounting to HR. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.

Fit Small Business content and reviews are editorially independent. We may make money when you click on links to our partners. Learn More. Published January 7, Explore the chapters in the guide.

Employee benefits options: You have to specify which employee benefits you provide. Note that with QuickBooks Payroll, access to health benefits is included in all plans. Business bank account information: Aside from the account number, you need the full routing number of the checking account that you will make payroll tax payments and write payroll checks from.

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