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Bookkeeping All-in-One For Dummies, 2nd Edition
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Bookkeeping All-in-One For Dummies, 2nd Edition

by Lita Epstein, John A. Tracy
August 2019
Intermediate to advanced content levelIntermediate to advanced
608 pages
15h 28m
English
For Dummies
Content preview from Bookkeeping All-in-One For Dummies, 2nd Edition

Chapter 3

Employee Payroll and Benefits

IN THIS CHAPTER

Bullet Planning for your pay structure

Bullet Figuring net pay and collecting and depositing employee taxes

Bullet Keeping track of benefits

Bullet Preparing and recording payroll

Bullet Finding new ways to deal with payroll responsibilities

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

Responsibilities for hiring and paying employees usually are shared between 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. This chapter examines the various employee staffing issues that bookkeepers need to be able to manage.

Setting the Stage for Staffing: Making Payroll ...

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Publisher Resources

ISBN: 9781119592907Purchase book