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    Section 5 QBP

    Uploaded by

    Miriam Manansala
    The document contains a review of answers to multiple choice questions about QuickBooks payroll. It displays the questions, submitted answers, and allows the user to edit the answers. The review includes questions about setting up employee overtime calculations, using auto payroll features, setting up employees to track time, running payroll with time tracking, payroll reports, changing payroll settings and preferences, and downloading archived payroll forms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Section 5 QBP

    Uploaded by

    Miriam Manansala
    4K views22 pages
    The document contains a review of answers to multiple choice questions about QuickBooks payroll. It displays the questions, submitted answers, and allows the user to edit the answers. The review includes questions about setting up employee overtime calculations, using auto payroll features, setting up employees to track time, running payroll with time tracking, payroll reports, changing payroll settings and preferences, and downloading archived payroll forms.

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    The document contains a review of answers to multiple choice questions about QuickBooks payroll. It displays the questions, submitted answers, and allows the user to edit the answers. The review includes questions about setting up employee overtime calculations, using auto payroll features, setting up employees to track time, running payroll with time tracking, payroll reports, changing payroll settings and preferences, and downloading archived payroll forms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    4K views22 pages

    Section 5 QBP

    Uploaded by

    Miriam Manansala
    The document contains a review of answers to multiple choice questions about QuickBooks payroll. It displays the questions, submitted answers, and allows the user to edit the answers. The review includes questions about setting up employee overtime calculations, using auto payroll features, setting up employees to track time, running payroll with time tracking, payroll reports, changing payroll settings and preferences, and downloading archived payroll forms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 22
    At a glance
    Powered by AI
    The document discusses how to set up and use various payroll features in QuickBooks Online such as overtime calculations, recurring changes, tracking time, and running payroll.

    To set up an employee to track time in QuickBooks Online, the employer would go to Payroll > Employee > Edit employee > Enter the employee's email address > Invite the employee to track and record hours.

    To run payroll when using QuickBooks Time, the employer would go to Payroll > Overview > Approve the employee's tracked time > Run payroll.

    Review Answers

    Take a minute to review your answers before you turn in your work.
    Once you submit this section, you won’t be able to change your answers.

     Q1

    Where do you go to add overtime calculations?

     Edit answer

    Your answer:
    Payroll > Employees > Edit employee > Profile > Overtime and paid time off > Define
    overtime

     Q2

    Which scenario is a good fit for the Auto Payroll feature in QuickBooks Online Payroll?

     Edit answer

    Your answer:
    Johanna has multiple companies connected to one payroll subscription and wants to
    process payroll automatically across companies
     Q3

    How do you set up an employee to track QuickBooks Time?

     Edit answer

    Your answer:
    Payroll > Employee > Edit employee > Enter email address > Invite employee to track
    and record hours

     Q4

    What is the process for running payroll when using QuickBooks Time?

     Edit answer

    Your answer:
    Payroll > Overview > Approve time > Run payroll

     Q5

    What QuickBooks Online Time activities can you perform in QuickBooks Online Payroll
    because of the direct integration?

     Edit answer

    Your answer:
    View employee GPS location in QuickBooks Online Payroll

     Q6

    In which 2 scenarios would it be a best practice to delete a paycheck?

     Edit answer

    Your answer:
    The paycheck has not been processed and is incorrect
    A duplicate paycheck check was created and has not been processed

     Q7

    Which 2 payroll reports show details for employee taxes and deductions, as well as employer
    taxes and contributions?

     Edit answer

    Your answer:
    Payroll Summary by Employee
    Payroll Details

     Q8

    What 2 reports would Tina use to reconcile payroll wages?

     Edit answer

    Your answer:
    Profit and Loss
    Payroll Summary

     Q9

    Where would you find the amount that needs to be paid to the retirement plan administrator?

     Edit answer

    Your answer:
    Reports > Payroll > Retirement Plans

     Q10

    Where should the penalties and interest be recorded? 


     Edit answer

    Your answer:
    + New > Check > Record the penalty and interest paid

     Q11

    Which payroll report would Sally use to ensure the upcoming payroll return, Form 941, is
    accurate?

     Edit answer

    Your answer:
    Payroll Tax Liability

     Q12

    Where would Billy Joe go to download after-the-fact payroll forms and filings?


     Edit answer

    Your answer:
    Taxes > Payroll Taxes > Filings > Archived forms and filings > Select Form

     Q13

    When you change payroll accounting preferences and choose to update past transactions, what
    will not be updated?

     Edit answer

    Your answer:
    Employer tax expense

     Q14

    Where can you make these changes?

     Edit answer

    Your answer:
    Gear > Payroll settings > Accounting > Wage expenses

     Q15

    Where do you go to change the posting bank account for QuickBooks Online Payroll?
     Edit answer

    Your answer:
    Gear > Payroll settings > Accounting > Bank account
    Submit section

    SECTION 5

    • Q1

    • Which statement is not true about the Overtime calculations tool?


    Edit answer

    Your answer:

    The Overtime calculations tool can only be used in combination with timesheets

    • Q2

    • How do you make a recurring change?

    Edit answer

    Your answer:

    Payroll > Employees > Select the employee > Make changes to salary, deductions, default hours as
    required

    • Q3

    • How do you set up an employee to track QuickBooks Time?

    Edit answer

    Your answer:

    Payroll > Employee > Edit employee > Enter email address > Invite employee to track and record hours

    • Q4

    • What is the process for running payroll when using QuickBooks Time?

    Edit answer

    Your answer:

    Payroll > Overview > Approve time > Run payroll

    • Q5

    • What are 2 features QuickBooks Online Time Elite has that Premium does not?

    Edit answer

    Your answer:

    Ability to use geofencing

    Ability to use QuickBooks Time Projects rather than sub-customers

    • Q6

    • In which 2 scenarios would an employer void a paycheck?

    Edit answer

    Your answer:
    An employee notified the employer that the employee taxes and deductions are not accurate on their
    paycheck stub

    An employee notified their employer that their address was not correct, and they did not receive their
    paper check for the most recent payroll

    • Q7

    • Which 2 payroll reports will show you individual employee and company contributions to
    retirement plans by employee name?

    Edit answer

    Your answer:

    Retirement Plans

    Payroll Deductions/Contributions

    • Q8

    • What report shows the balance of all payroll liabilities?

    Edit answer

    Your answer:

    Balance Sheet

    • Q9

    • Where would you find the amount that needs to be paid to the retirement plan administrator?

    Edit answer

    Your answer:

    Reports > Payroll > Retirement Plans

    • Q10

    • Where would she expect to view notifications for upcoming payroll tax drafts?

    Edit answer

    Your answer:

    Via email reminders

    • Q11

    • What 2 reports would you compare to isolate the discrepancy?

    Edit answer

    Your answer:
    Payroll Tax Liabilities

    Transaction Detail Report for State Unemployment Payable

    • Q12

    • Where would Billy Joe go to download after-the-fact payroll forms and filings?

    Edit answer

    Your answer:

    Taxes > Payroll Taxes > Filings > Archived forms and filings > Select Form

    • Q13

    • When you change payroll accounting preferences and choose to update past transactions, what
    will not be updated?

    Edit answer

    Your answer:

    Employer tax expense

    • Q14

    • How can this be changed?

    Edit answer

    Your answer:

    Payroll > Employees > Edit employee > Pencil icon for Pay > Taxes > Choose posting account for taxes

    • Q15

    • Where do you go to change the posting bank account for QuickBooks Online Payroll?

    Edit answer

    Your answer:

    Gear > Payroll settings > Accounting > Bank account

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