Learn how to set up Standard Payroll training in online QuickBooks training. Preparing payroll for your company helps ensure everything is set up correctly and flows smoothly.
Before you get started Paying employees – Actual payments to employees aren’t done through QuickBooks payroll. It’s your responsibility as an employer to pay your employees with your usual payment method outside QuickBooks.
The same goes for HMRC payments. You can use the Payroll Details report (gross to net) to see the amounts to be paid to each employee, as well as HMRC.
Recording payments to HMRC in QuickBooks – The journals that are automatically created in QuickBooks are designed to reflect employee payments going out of your bank. If your bank feed is connected to QuickBooks, you’ll want to match the employee payments to the created journals. If your bank isn’t connected, you don’t need to record employees’ payments.
1. Turn on Standard Payroll training in online QuickBooks.
Before you add employees or run payroll, you need to turn on Standard Payroll.
2. Set up Standard Payroll
Next, it’s time to provide some information about your company. Follow this step-by-step guide to set up the Standard Payroll training guide with QuickBooks training.
3. Add employees
While learning about QuickBooks in the QuickBooks training, Now that everything is set up, you can start adding members to your team. You’ll need to fold some basic information about them, like their primary and previous name, date of birth, and contact information. Once you have all the info, you can add employees to Payroll.
You can also invite any new employees to QuickBooks Workforce to add their personal information, saving you time on chasing paperwork and manual data entry.
You also have the option to learn during QuickBooks training if you need to make changes to your employee’s information, like their record or pay details, do so before running payroll. Here’s how you can edit employee profiles in Standard Payroll.
4. Turn on Real Time Information (RTI) reporting
In payroll training you learn how to use, HMRC (HM Revenue and Customs) requires employers to notify them of the liabilities they owe. Before you run your payroll, make sure you turn on RTI reporting to HMRC in QuickBooks. This will allow you to send your liabilities to HMRC via the Government Gateway.
5. Run payroll
Ready to start paying your employees, we’ll walk through each step of the way in the payroll training read How to create and run payroll.
6. Check your Employment Record (P32) report
An Employment Payment Record, also known as a P32 report, is a summary of the payments you need to make to HMRC for a given tax month. This includes all PAYE, student loan deductions, National Insurance contributions, and more.
7. Make an FPS or EPS submission to HMRC
In online QuickBooks training every time you learn to pay your employees, you must submit an FPS to HMRC. The FPS shows all payments made to employees, along with any deductions. You should send an FPS to HMRC on or before your employees’ pay date. We recommend you submit it immediately after you run payroll.
An EPS is used to report values that can’t be included on the FPS, claim refunds, or make declarations to HMRC. Here’s how to submit an EPS in Standard Payroll.
8. Give employees their pay slips
Online QuickBooks training guides you on how to automatically create a pays lip for each employee every time you run payroll. You must give your employees their pay slips on or before their pay date. Here’s how you can email and print employee pay slips.
