Should you do PAYROLL as a bookkeeper?
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- Опубликовано: 5 окт 2024
- Should you do payroll as a bookkeeper? In this video I talk about the difference between manual payroll and using a payroll company. I explain the process for a payroll sync from Gusto to QuickBooks Online, and the basics behind benefits, taxes and a liability account.
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I would love a more detailed explanation of mapping a payroll service like gusto to QBO! Thank you! ❤
Yes!!! Please a video diving deeper in the gusto process from your end. 👍👍
I didn't want to do payroll at all.. but my very first client wanted me too 😂 so iv been doing salary for his two employees through payroll quickbooks and it's not too hard just the set up was stressful.. Iv heard mixed reviews also on quickbooks payroll also
I outsource payroll to a 3rd party payroll provider. Less expensive than QB or ADP or Paychex. I pay for the payroll directly and just mark up the fee in my monthly charge to the client. Great video Morgan!
what 3rd party provider do you use?????
Nothing about setting up a payroll service seems that hard I want to set one up. (I did this as an exercise in college for computer science real straight forward stuff.)
I have my first client and do their payroll. They have Quickbooks Desktop but have the payroll service. Seems to work, but I’ve only run it once by myself!
Thank you for sharing your most recent video about Payroll. I do have that skill in doing payroll manually, such as calculating the net pay. However, I would like to hear more about Gusto, the payroll company you were talking about in the video. Although I have that skill, I also would like to know how to do it on computer. Right now, I have no computer of my own; but, I would like to learn about it. If you have any information about it, please let me know. I would more than appreciate it.
Thank you for the detailed explanation on this topic! I have a much better understanding of how it works now 🤗
I do payroll and QuickBooks desktop almost every day. To me it’s easy but I will say you either get it or you don’t.
I still don't get most of what I'm doing as a bookkeeper 😂 I really need to learn quickbooks I need to get certified cuz I feel like I'm just getting by and hoping for thr best lol
I have been really wanting to learn how to add payroll to my new bookkeeping company so thank you for making this!! Yes will you please explain more on this and how to sync gusto to quickbooks and is this a risky thing for me to take on legally? Is it hard to learn payroll if I use Gusto?
More on mapping please. Thank you 🙏🏼
Manual you just need to have a datasheet copy for every week I would say. It will stack like a million miles depending how a decent accountant wants to run a company the hard way. A Good data sheet to start the basics and calculate all taxes to be withheld and now I would focus on the company liability to pay the tax withheld. It's a simple process to me. Always think you or the company don't want to get accused of stealing the Government's money held in trust. So, the process should end up getting taxes withheld in the company liabilities, get the Government funds ready and available to deposit to the treasury. That process can be done with a good maybe CPA, tax relief accountant, more so than a bookkeeper. But I just think if someone is mailing in a check with the 941's they would be a different type of animal in the process of the systems in place now
The only payroll I do is unfiled tax relief. I will have to work all 12-20 quarter of unfiled taxes in a fast span of time and believe me the manual way would be the tax relief method
Paychex will map to QB. Just send them a copy of your Chart of Accounts and they’ll map it and generate a GL report with each payroll run.
Hey! Thanks for sharing your experience with Paychex.
Krista (FinePoints Admin)
I'm also interested in mapping. I need to do that with my QBO clients that use ADP for payroll.
Map gusto.😁
You are doing great job thank you
Can you please walk us through gusto payroll?
Thanks a million
Hey! I'll let Morgan know you would like a more in depth video on Gusto! Thanks for letting us know it's something you want to learn more about.
Krista (FinePoints Admin)
Interesting!
I Try to stay away from payroll. Keyword “TRY”. It’s really a pain in the you know what. But a lot of clients expect it.
Honestly if people don't understand these things... they aren't ready to be trying to manage a client's payroll and add this to their services.
how much do you charge when doing someone's payroll?
I can not seem to hear what I am looking for. I too am a bookkeeper, it's been a while. To find out how much is owed for taxes (Fica,Medicare, etc) , you take gross amount and "*" it by what the irs/state percentage is? I am correct. Thank you for your help.
I'm not quite sure how to answer... medicare is calculated and taken out with the payroll company. The percentages are for income taxes on your owner's draw distributions (as an LLC or Scorp).
THOSE HANDS!!! 😂😂
Lol yeah she talks with her hands ALOT, I don’t mind it
Do I need to open an LLC to do my husband bookkeeping? 🤔 or whats is the best way to do my husband new business bookkeeping?
Hi Silvia! You do not need a separate LLC to do your husbands bookkeeping. Your husband will hire you as an employee under his business and you can work for him to do the bookkeeping. If you plan to take on additional bookkeeping clients, you will want to have a separate business/LLC for your bookkeeping business.
Krista (FinePoints Admin)
is it worth it to get certified in QuickBooks payroll? What will I be able to do with this cert?
Hey! Yes, it can be beneficial if you plan to offer payroll services to your clients. Having the certification shows your clients that you have learned about payroll process and have knowledge in this area.
Krista (FinePoints Admin)