This is one of the best demonstrations of the entire payroll accounting from beginning to end available on TH-cam. Thanks a lot for this informative video.
This video helped a ton with figuring out my small biz Quickbooks journal entries. Thanks for the accounting refresher Athens Tech instructor, great job :-)
I'm starting getting interest in QuickBooks payroll. Your video made it more clearer and very informative. Hope you continue to upload videos. Waiting for more from your channel 🙂
Hi. This is getting paid to the IRS once a year using the form 940 to report the data. The journal entry is the same as the others. Debit the FUTA Payable and Credit the Cash once it is paid. I hope this helped 🙂
Hi. She debited it twice but with different accounts names. Remember the employer pays everything but they have to differentiate the EE expenses and the ER expenses. In the EE expenses she included everything ( Wages, EE taxes and other deductions ), which is correct, and for the ER expenses she also included the taxes, but this time the ones the ER will pay including FUTA and SUTA. I really hope this helps 🙂
mam, I have a question like this : narayan is getting so busy that he decides to hire an employee for 5000 a month .Narayan makes his first payroll payment.- journalize in the books of Narayan so journal of this question should like this salaries expense a/c dr. 5000 to cash a/c 5000 am I right or wrong? plz answer me ...
This is one of the best demonstrations of the entire payroll accounting from beginning to end available on TH-cam. Thanks a lot for this informative video.
This video helped a ton with figuring out my small biz Quickbooks journal entries. Thanks for the accounting refresher Athens Tech instructor, great job :-)
I'm starting getting interest in QuickBooks payroll. Your video made it more clearer and very informative. Hope you continue to upload videos. Waiting for more from your channel 🙂
You explained it betten as opposed to my Professor!, Thank You. :D
Thanks for the lesson. Love your accent too ;)
I need a tax school that teaches with mostly videos
Thank you thank you soo much!! This really hepled me in my assignment 😆
Very good video
Awesome explanation! Thank you!
thank you for your detailed explanation
Nice
Well explained!
great tutorial. My question is regarding an outsourced payroll. Is the process any different for that?
Great presentation, thank you so much!
Thank you, this helps a lot.
Very good presentation. My only issue is you left out who FUTA gets paid to.
Hi. This is getting paid to the IRS once a year using the form 940 to report the data. The journal entry is the same as the others. Debit the FUTA Payable and Credit the Cash once it is paid. I hope this helped 🙂
Thank you this was a big help!
nice explanation
May I ask if this is complete tutorial/discussion for the payroll?
Thanks it's helpful
We are international so plz full abbreviation
Does not make sense, you have credited the tax account two times and only debited it once????
Hi. She debited it twice but with different accounts names. Remember the employer pays everything but they have to differentiate the EE expenses and the ER expenses. In the EE expenses she included everything ( Wages, EE taxes and other deductions ), which is correct, and for the ER expenses she also included the taxes, but this time the ones the ER will pay including FUTA and SUTA. I really hope this helps 🙂
What about FUTA deposit?
What HI tax stand for
mam, I have a question like this : narayan is getting so busy that he decides to hire an employee for 5000 a month .Narayan makes his first payroll payment.- journalize in the books of Narayan
so journal of this question should like this
salaries expense a/c dr. 5000
to cash a/c 5000 am I right or wrong? plz answer me ...
You forget the taxes. The employee doesn't get the full $5,000.
thanks
..
talk dirty to me