Course Description:

Lesson 1

QuickBooks - Basic Payroll Concepts, Backup File & Chart of Account

• Define the Payroll terminology in QuickBooks
• Identify all the different type of forms used in QuickBooks.
• Using List and setup a new company file and creating a backup system file.
• Quick tour or QuickBooks and the Navigation and flow chart for Payroll
• Discussing Chart of Account List = assets, liabilities, and owner's equity income & expenses.

Lesson 2

QuickBooks - Items, List & Employee List

• Review all the different type of payroll items & list in QuickBooks and their functions, activities and reports related to each one.
• Setting up items within the chart of account regarding payroll liabilities, bank accounts, assets and expense accounts.
• Creating new employee, pay cheque, pay employees, void, delete cheques and review different reports.

Lesson 3

Payroll Setup, Payroll Items, Filling PD7A & T4

• Review all the different functions of payroll in QuickBooks
• QuickBooks knowledge in payroll process, setup an employee, payroll items
• Payroll Setup payroll, Pay employees, Payroll Liabilities, Payroll Forms
• Creating an employee, process a series of payroll schedule and pay periods
• Creating the PD7A Report to tract the liabilities and the process for reporting on time
• Tracking Federal Income Tax, Provincial Income Tax, CPP and EI and T4 filing
• Record keeping and the filing of monthly and annual payroll reports.

Lesson 4

QuickBooks – Budget

Lesson 5

QuickBooks – Financial Statements

• Creating Backup, Restore, Portable files and Online backups

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