Top 10 Year-End Intuit QuickBooks Payroll Processing Checklist

Topics: QuickBooks Add-ons & Extensions, Small Business Accounting, QuickBooks Software, Payroll Setup, QuickBooks Training or How To, Small Business Ideas

Posted by Denise Loter-Koch on Dec 30, 2015

QuickBooks_Payroll_Service.jpgYear-End QuickBooks Payroll Processing Checklist

Now that the major rush of the holiday season is over, it’s time to process year-end payroll.  Our QuickBooks customers turn to us to help them with payroll processing because there is already too much to manage in their businesses, especially at year-end.  If you are processing your own payroll, you know there are a lot of details, deadlines, special procedures, and new laws and forms to consider.  Simply put, payroll is complex, time consuming, and costly if mistakes occur.  If you get it wrong, you could be subject to paying a penalty for the most common mistakes like:  failure to deposit withholdings like Social Security, unemployment insurance and Medicare, and incorrect filings or missing deadlines.  According to the Internal Revenue Service (IRS), last year over 40% of small and medium businesses (SMBs) paid an average of $845 in payroll penalties.  This does not take into account the cost of human capital that all SMBs pay when employing internal people to manually process payroll.   

Here at ebs Associates, we help our QuickBooks customers process payroll with several different service level options, from helping you do-it-yourself to full service payroll options through ebs Associates and Intuit.  We can help you decide on which QuickBooks integrated payroll service fits best for your business.  We also host regularly scheduled QuickBooks Payroll and QuickBooks training classes at our Portland, OR training center, the Bookkeeping Career Institute.

2016  QuickBooks & Payroll  Training Schedule  

Payroll Accounting Fundamentals

Program Orientation - January 5th, 2016
1st Scheduled Class - January 5th, 2016
Last Scheduled Class - April 5th, 2016
Day(s) Tuesdays
Time 5:30 pm – 8:30 pm

If you are not yet using an integrated QuickBooks payroll service, here are 10 payroll activities to cover on your year-end payroll processing checklist before generating your forms.  More details on each of these 10 steps are available to QuickBooks customers, courtesy of Intuit - My Year-End Checklist

Top 10 Checklist for Year-End QuickBooks Payroll Processing

  1. Install the latest payroll update
  2. Turn on Automatic Updates for QuickBooks Payroll
  3. Order year-end supplies
  4. Verify active employee data
  5. Perform any year-end bonuses
  6. Verify terminated employee data
  7. Verify and review benefit information for your employees
  8. Review employee wages, sick time, and vacation hours
  9. Verify and update your State Unemployment and State Disability Insurance rates
  10. Verify 1099 Vendor Information for 1099 and 1096 form filing

Contact us today to learn more about how we can help you with your payroll.  We can also help you accomplish your business goals with extra QuickBooks training, consulting, and inspiration! 

Call us at 888.232.4758 or email today!

MARK YOUR CALENDARS!  ebs Associates is hosting  this year’s QuickBooks conference on April 26-27, 2016!!  Join us at our 2nd annual empoweredNW Live! 2016, TECHNOLOGY WITH PURPOSE, The Conference and Expo for QuickBooks Users in Portland at the Oregon Golf Club in West Linn, OR.  Click below to let us know if you are interested in attending.

ebs Associates is a nationally recognized small business accounting and QuickBooks consulting firm,  certified as Intuit Premier Resellers and Intuit ProAdvisors.  Our approach to each of our clients is simple:  We want to empower business success.  We accomplish this with our commitment to providing excellent customer service and our desire to help businesses be more successful.  Today, businesses across multiple industries, rely on ebs Associates to provide the highest standard of accounting practices, expertise, software solutions, and guidance.  We pride ourselves on being solutions providers, not just service providers. This means we don’t just sell products or provide “one-way” service or account management.  Instead, we integrate our services with your company’s needs as a valued team member.  Our goal is to work with each of our clients, empowering them with the tools and knowledge that will help them make better informed business decisions.



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