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Mastering QuickBooks 2021

You're reading from   Mastering QuickBooks 2021 The ultimate guide to bookkeeping and QuickBooks Online

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Product type Paperback
Published in Jan 2021
Publisher Packt
ISBN-13 9781800204041
Length 414 pages
Edition 2nd Edition
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Author (1):
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Crystalynn Shelton Crystalynn Shelton
Author Profile Icon Crystalynn Shelton
Crystalynn Shelton
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Table of Contents (26) Chapters Close

Preface 1. Section 1: Setting Up Your Company File
2. Getting Started with QuickBooks Online FREE CHAPTER 3. QuickBooks Online Advanced 4. Company File Setup 5. Migrating to QuickBooks Online 6. Customizing QuickBooks for Your Business 7. Managing Customers, Vendors, Products, and Services 8. Section 2: Recording Transactions in QuickBooks Online
9. Managing Sales Tax 10. Recording Sales Transactions in QuickBooks Online 11. Recording Expenses in QuickBooks Online 12. Reconciling Downloaded Bank and Credit Card Transactions 13. Section 3: Generating Reports in QuickBooks Online
14. Report Center Overview 15. Business Overview Reports 16. Customer Sales Reports in QuickBooks Online 17. Vendor and Expenses Reports 18. Section 4: Managing Employees and Contractors
19. Managing Payroll in QuickBooks Online 20. Managing 1099 Contractors in QuickBooks Online 21. Section 5: Closing the Books and Handling Special Transactions
22. Closing the Books in QuickBooks Online 23. Handling Special Transactions in QuickBooks Online 24. Shortcuts and Test Drive 25. Other Books You May Enjoy

Filing payroll tax forms and payments 

Employers are required to file payroll tax forms and make payroll tax payments at both the federal and state 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.gov (http://IRS.gov) website is the best resource to find out what the federal requirements are. At the state level, you should contact the Employment Development Department (EDD) 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 you with the details of how much payroll tax you are required to pay and how much you have already paid to...
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