peachtree-software peachtree complete accounting 7.0 Quick Setup Guide
Lesson VI—Payroll
Payroll Entry
139
4
Accept the check Date displayed (3/15/03) by pressing
e.
The Hours Worked, from the Maintain Employees window, are listed in
the bottom left of the window. The hours can be adjusted for this
paycheck, if necessary.
the bottom left of the window. The hours can be adjusted for this
paycheck, if necessary.
Notice that all the Employee/Employer Fields entered in the Default
Information display in the bottom right of the window. All of the fields
we asked the program to calculate for us—Federal Income, Social
Security, Medicare, and State Income—have been calculated, and display
as negative amounts (because they decrease the check amount).
Information display in the bottom right of the window. All of the fields
we asked the program to calculate for us—Federal Income, Social
Security, Medicare, and State Income—have been calculated, and display
as negative amounts (because they decrease the check amount).
Accrued Vacation (entered as a memo field) displays as a positive
amount but is present for record purposes. It does not affect the balance
of the paycheck. The EmployER field also displays (as a positive
number) to record employer taxes. This field also does not affect the net
amount of the check.
amount but is present for record purposes. It does not affect the balance
of the paycheck. The EmployER field also displays (as a positive
number) to record employer taxes. This field also does not affect the net
amount of the check.
5
Save and post this paycheck, by selecting the Post button.
A Salaried Employee
6
In the Employee text box, type DGROHS-01 and press
e.
Notice that Derrick has the same payment and deduction categories as
Michelle Wang. The only difference is he has a single Salary field where
Michelle’s record had three types of hourly rates.
Michelle Wang. The only difference is he has a single Salary field where
Michelle’s record had three types of hourly rates.
Once everything is set up properly, payroll takes very little effort. Just
check the Check Date field and leave the Check Number blank to have
the program print a check. If no special adjustments need to be made,
save the record.
check the Check Date field and leave the Check Number blank to have
the program print a check. If no special adjustments need to be made,
save the record.
7
Save and post this paycheck, by selecting the Post button.
8
Press
q to close the window.
Instead of entering one paycheck at a time, you could alternately enter a batch
of paychecks and print them at the same time by using the Select for Payroll
Entry option from the Tasks menu.
of paychecks and print them at the same time by using the Select for Payroll
Entry option from the Tasks menu.
Note