Payroll Set Up
This information is required before running payroll and identifies your company as an employer.
What is EIN?
This date tells QuickBooks when the employee officially started working.
What is the hire date?
These two numbers are required to set up an employee for direct deposit.
What is the routing and account number?
Tax form that is filed every quarter to report the taxes withheld from employees' paychecks along with the employer’s matching portion of taxes.
This is the main payroll tool that you will use to verify your customer, review payroll reports, paychecks, etc.
What is CS Server?
This determines how often employees will be paid.
What is a pay schedule?
This form proves eligibility to work.
What is I9?
What date and time does the direct deposit need to be submitted in order for them to receive it on Friday?
What is Wednesday before 5PM PST
State Unemployment Insurance Rate is updated automatically in Quickbooks.
False
What tool do we use to review NSF hold balances, and correspondences for those holds?
What is iBoss?
This account is connected so employees and taxes can be paid electronically.
What is the business bank account?
Is a vital part of the Federal Income Tax calculations on your employees’ paychecks.
What is W4?
If a direct deposit is rejected, what tool can I view the rejection code?
What is sentinel?
Independent contractors receive this form if they are paid $600 or more during the year.
What is 1099-NEC?
What tool allows you to see the customer payroll information as if you are signed in as the customer?
QBO Expert Portal
This must be entered accurately so payroll taxes can be calculated correctly.
What is the business address?
This number is required when adding an employee for tax reporting purposes.
What is the Social Security Number?
How often does the direct deposit limit renew?
What is every 6 days?
This form is used by employers to report annual federal unemployment taxes (FUTA)
What is 940?
What needs to be completed if a change occurred to the paychecks after the 941 was already filed for that quarter?
Payroll Correction/Amendment
This is payroll that was processed before QuickBooks Payroll was set up.
What is prior payroll?
This setup option determines whether an employee is paid hourly or salary.
What is the pay type?
If you submit a Direct Deposit Rejection, is it guaranteed that it will go through and what is the cost?
What is No and its $75?
When is a 941 payment due?
What is the 15th of the following month the form was filed?
This payroll setup step helps ensure tax forms are accurate throughout the year by recording wages and taxes already paid outside of QuickBooks.
What is prior payroll?