Payroll requirements ?

[we3users]

Hai,

I am new to Quickbooks and we have 2003 version. I just want to know what are basic information required to be collected before starting Payroll Entries.

How to implement the collected information in Quickbooks.
Anyone aware of this may help.

bye

We3users

[RobJoy]

QB payroll is not very sophisticated, but it is easy to use - try to keep it simple, certainly at first, even if that means keeping some manual records alongside.

However you are calculating payroll now, you must have all the essential information for QB: basic personal information, pay & tax details, nothing out of the ordinary.

My strong recommendation is that you take a backup, play with payroll (set up a sample of employees with different pay periods and pay rates etc., do some trial payments meant to match your existing payroll system and reports, look at the expense entries). Restore when you've satisfied yourself that you understand what's going on.

By far the easiest point to start a new payroll is the start of a new tax year. Keep your existing system in place as a mirror for a while to give you a 'comfort zone'. Getting your employees' pay right is too important to rush it.