Accounting All-in-One For Dummies (+ Videos and Quizzes Online), 3rd Edition

Chapter 4

Processing Employee Payroll and Benefits

IN THIS CHAPTER

Hiring employees

Collecting and depositing employee taxes

Keeping track of benefits

Preparing and recording payroll

Unless your business has only one employee (you, the owner), you’ll most likely hire employees, which means you’ll have to pay them, offer benefits, and manage a payroll.

Responsibilities for hiring and paying employees usually are shared among the human resources staff and the bookkeeping staff. As the bookkeeper, you must be sure that all government tax-related forms are completed and handle all payroll responsibilities, including paying employees, collecting and paying employee taxes, collecting and managing employee benefit contributions, and paying benefit providers.

In this chapter, we tell you about the various employee staffing issues that bookkeepers need to be able to manage, including staffing, labor hours, payroll, benefits, and other matters related to the accounting functions of human resources.

Staffing Your Business

After you decide that you want to hire employees for your business, ...