9172018 2

Author: Laura Madeira

CPE Credit:  2 hours for CPAs

Prepare yourself for a successful year end! In this on-demand course, Laura Madeira will give you useful tips to efficiently close the year.

Publication Date: December 2017

Designed For
Practicing CPAs, and CPAs in industry responsible for working with clients that use QuickBooks financial software.

Topics Covered

  • Access to the Client's QuickBooks Data 
    -On-Site — Which Payroll Subscription? 
    -Copy of File — Added to Your QuickBooks Accountant Enhanced Payroll Subscription 
    -Confirm Payroll Subscription is Active and Current 
    -Enter After-the-Fact Payroll Records 
    -Optional: Setup Client for Manual Payroll (no Subscription, Automation or Form Fill)
  • Review Payroll for Accuracy 
    -Efficient Method to Review Uncleared Pay Checks 
    -Verify that Payroll Items have Correct Rates and Tax Tracking Type Assigned 
    -Compare Current Payroll Totals to Previously Filed Quarters 
    -Confirm Payroll Liabilities are Scheduled and Paid 
    -How to Properly Adjust Payroll Liabilities 
    -How to Correct Payroll Liability Payment Errors
  • Review the Client's Financials Prior to Filing 
    -Review Payroll Item List 
    -Financial Reports to Review for Payroll Accuracy 
    -Helpful Excel Payroll Pivot Tables for Payroll Data
  • Year-end Payroll Process 
    -Prepare Bonus Net-to-Gross Checks 
    -Sign Up for E-Pay and E-File 
    -Adjust Reported Totals on Payroll Forms 
    -Print or E-File Payroll Forms for Federal and State


Learning Objectives

  • Recognize the proper payroll subscription needed for you and your client to collaborate on payroll
  • Identify considerations when reviewing the payroll setup for accuracy in your client's file
  • List the reports that are useful when reviewing payroll financials
  • Identify the process for completing year-end payroll tasks
  • Identify a characteristic or functionality of Intuit QuickBooks Payroll Basic
  • Differentiate the types of Intuit QuickBooks payroll subscription software can process up to 50 client EIN's
  • Identify a process for reviewing payroll accuracy
  • Recognize correct statements with respect to reviewing financials
  • Identify a specific year-end payroll process
  • Describe which QuickBooks solution to recommend to your client
  • Differentiate additional functionalities of the QuickBooks Payroll Enhanced solution over the QuickBooks Payroll Basic solution
  • Recognize how many EIN's Intuit Enhanced Payroll for Accountants can process
  • Identify the first requirement of QuickBooks Desktop when correcting payroll liability payment errors
  • Describe which tool should be run before preparing payroll reporting forms
  • Recognize what you should compare balance sheet accounts to when reviewing financial reports
  • Identify when you should compare wage totals and tax totals to

Additional Course Details

  • Author: Laura Madeira
  • Publisher: Wolters Kluwer
  • Course Level: Basic
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