How do I set up payroll liabilities in QuickBooks?
- Last Updated on: February 15th, 2018
- Posted by: admin
A scheduled payment refers to payroll taxes or non-tax liabilities that square measure paid along at constant time to the constant agency. For example, you usually pay your federal withholding, Social Security and Medicare taxes from the constant time to the IRS. To constantly manage our payment we need to set up payroll liabilities in QuickBooks.
You can set up a timetable for financial liabilities that are on your representatives’ paychecks as well as consistently paid in QuickBooks Desktop. These can incorporate finance charges and representative advantages that are figured for in paychecks, for example, 401k or Health Insurance premiums.
Before you pay the payroll taxes as well as the other liabilities. You need to have names of payee associated with each liabilities. Generally, the payee is the tax agencies, but they might be bank or insurance company as well.
Steps to set up payroll liabilities in QuickBooks
- Choose Employees in the Payroll Center.
- Select Schedule payments from the section.
- Select the tax liability that you want to edit or schedule a payment for.
- Click Edit to edit the pieces of information.
- Enter the appropriate payment information.
- Click Finish in the Finish Later section.
To know more about Payroll liabilities or about any other topic related to QuickBook . Please contact customer support phone number. Dial +1-855-441-4417