A client who recently subscribed to QuickBooks Enhanced Payroll wants to know what is needed to begin the setup process?
To do its payroll calculations, QuickBooks needs four kinds of information:
1) Information about your company: federal and state tax ID numbers, payroll tax filing frequencies, payroll tax authorities to whom payroll taxes are remitted, etc.
2) Information about your employees: such as salary/hourly rate, filing status, number of exemptions, misc. additions, deductions and company contributions.
3) Information about your payroll items: QuickBooks maintains a list of items that affect the amount on a payroll check such as: compensation, taxes, benefits, etc.
4) Tax tables for federal, state and local withholdings.
QuickBooks Payroll Setup guides users through the process. Select Employees>Payroll Setup to display the payroll setup window This will guide users through a step by step setup process.