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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

Generating payroll reports

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:

  1. Click on Reports on the left menu bar as indicated in the following screenshot:

  1. 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...
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