By now, you know that QBO includes a library of preset reports that provide business owners with an insight into every aspect of their business. There are several summaries and detailed reports you can generate to gain an insight into your payroll costs, payroll deductions and contributions, vacation and sick leave, and payroll taxes. These reports will help you to complete payroll tax forms and make payroll tax payments to the appropriate state and federal tax authorities.
Follow these steps to generate payroll reports:
- Click on Reports on the left menu bar as indicated in the following screenshot:
- Scroll down to the Payroll section and you will see several reports, as indicated in the following screenshot:
The following is a brief description of the information you will find on the five key payroll reports:
- Paycheck List: This report includes a list of paychecks that have been issued. You can use this report to edit check numbers, print...