QuickBooks Online For Dummies, 2024 Edition

Chapter 4

Paying Employees and Contractors

IN THIS CHAPTER

Looking at the employee payroll process and starting up QuickBooks Payroll

Understanding how to prepare payroll

Knowing how to manage payroll taxes

Paying contractors and filing 1099s correctly

As an employer, you have a responsibility to pay both your employees and any contractors who work for you. In this chapter, I explore both responsibilities. Running payroll is more than just issuing paychecks to your employees. After you’ve prepared paychecks, you need to remit amounts withheld for deductions and benefits to the appropriate parties. QuickBooks Payroll is a subscription service that offers automated payroll, tax deposits, and tax forms, but you can manually pay your employees, remit payroll taxes, and file your returns if you prefer. At the end of this chapter, I explore the ways that QuickBooks users typically pay — and report on paying — contractors who are vendors who perform work for a company but don’t qualify as employees.

I discuss time tracking in Chapter 9. The QuickBooks Time service integrates seamlessly ...