In continuation with QuickBooks Payroll Generating payroll reports in QuickBooks provides a lot of imperative information to the interested party in just one glance. For those who run their payroll system on their own are quite aware of the everyday challenges faced in providing and performing payroll tasks correctly and authentically. In order to avoid either any sort of confrontation with annoyed employees or face the wrath of Government and IRS officials it is important that all the following payroll tasks are done accurately and reliably:
This is where QuickBooks comes in and simplifies all the payroll processes. All the details regarding the payroll and employee is consolidated under Payroll center and employee center respectively. Both the centers comprises of details added by the user at the time of setting up the software along with imperative tools needed to determine the taxes and runs of the pay.
The best way to do all of the above is by generating Payroll reports in QuickBooks itself as they provide overview of all the imperative pieces of information in payroll along with according the user with the full payroll history. But first need is to be clear about what exactly are Payroll reports.
Pay reports are nothing but a document created using the account details and records of a company or business that is someway related to payroll. They are designed with the information provided of payroll transactions for specific time period. They can cover from one single period of pay to multiple pay periods like for every quarter or annually.
Basic payroll report itself consists of many components that are not only for this report but also for the business. For any particular pay period chosen the base of it are the wages and salaries garnered by the employees of the company for that particular period. Apart from calculating the gross amount for wages and salary, they close net amount paid to the employee.
To create and generate Payroll Report (Summary) in QuickBooks carefully follow the steps illustrated below:
Components included in Payroll Summary Report are:
It is important to keep in mind that the dates which are pulled are done so from paychecks and not the pay period dates.
This should generate and export Payroll Summary Report along with smooth running of a report for a particular employee as well. In case of any issue you can either contact Intuit / QuickBooks via QuickBooks Payroll tech helpdesk or try support agencies like www.qbpayrollhelp.com through Toll Free Number 1(844)-827-3817.