When reconciling payroll, many QuickBooks Payroll users are concerned with aligning their payroll records to their bank statements. There are, however, important related tasks, like learning how to reconcile payroll liabilities in QuickBooks. This consists of researching outstanding payroll debts, like payroll taxes or benefit premiums, that haven’t cleared your general ledger accounts in a…
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How to Print Payroll Checks in QuickBooks Online in 6 Steps
With QuickBooks Payroll, you can pay employees via same- or next-day direct deposit and print paper checks using your own printer. To print QuickBooks payroll checks, you’ll need to purchase the proper check stock, adjust your printer settings so that everything prints in alignment, and run payroll for at least one employee. Step 1: Purchase…
How to Do Payroll in QuickBooks Online in 7 Steps
If you are already using QuickBooks Online and need to pay employees, consider adding to your plan. You can access it from the same system you use to manage your business’ books, allowing for the seamless transfer of your payroll expenses to the appropriate general ledger accounts. With just a few simple steps, you can…
What Is Nanny Tax & How to Pay It in 2022
Nanny taxes are a combination of federal and state taxes that families need to withhold when hiring employees that work within their household. These employees can include, but are not limited to, nannies, gardeners, housekeepers, personal assistants, and even chefs. These taxes are required once a household employee has been paid more than $2,400 in…
Restaurant Payroll: Tips, Reporting, Labor Laws & More for Small Businesses
Restaurant payroll can be complicated if you’re unfamiliar with the nuances of tips, reporting, overtime laws, applicable minimum wage rates, etc. Federal law allows restaurant owners to pay their tipped staff (employees who make over $30 per month in tips) as little as $2.13 an hour. It also dictates what you can deduct from their…
Payroll Software Integration: What It Is & How It Works
Payroll software integrations allow you to sync your payroll system with other software used to help run your business. It saves you from having to enter the same payroll information into separate programs and allows your employees to do some of the work for you. Payroll software commonly integrates with HR, time and expense tracking,…
How to Do Payroll Reconciliation for Small Businesses [+ Free Spreadsheet Template]
Payroll reconciliation is important because it can help catch errors or outstanding items that need attention before too much time passes. To do this, you’ll list all payroll-related balance sheet accounts that don’t clear to $0 and research the issues that need to be rectified so all funds go where they should be. We offer…
Free Payroll Templates: Tips & What to Include
Payroll templates are predesigned spreadsheets and forms that help organize, calculate, and track payroll data. They’re best for business owners preparing to hire their first employees and wanting to better manage payroll. You can use these templates instead of, or in conjunction with, payroll software to eliminate extra costs for add-ons like time tracking. If…
How to Set Up & Run Payroll With Gusto
Running payroll with is simple; you can finish the setup process in less than an hour, unlike some big-name providers that require a few weeks lead time. If you are considering using Gusto or recently signed up for its service, knowing how to use the software will help you decide whether it’s worth it and…
Best Payroll Software for Nonprofits in 2022
As a nonprofit organization, finding a payroll software can sometimes be challenging. While on the hunt for the best fit, it’s important that you look for a provider that has the features you’ll need, like full-service tax filings and quick direct deposits, while remaining within your budget. In this guide, we highlight five different payroll…
Comparing Salary vs Hourly vs Commission Employees: Which Is Better for Your Business?
A salaried employee is paid a regular fixed rate regardless of the number of hours worked for each pay period. An hourly employee is paid a rate for each hour they worked for the period and is entitled to overtime pay if they work more than 40 hours in a week. An employee earning a…
What Is a Pay Period? (+ Free 2022 Pay Period Calendars)
A pay period is the time over which employees work and are paid. Pay periods are fixed and most often occur on a biweekly or semimonthly basis (some state laws require a certain frequency). There are several pay periods from which to choose—and our payroll calendars make them easier to track. Download the pay period…