Payroll & Quarter Balancing
1 Day Class
(7 hours)
This course is designed to teach participant how reconcile and balance individual payroll runs, Quarterly Reconciliation and preparing for Year End. We will also discuss methods for tracking changes in your system setup - such as adding new earnings, deductions and taxes - to ensure they are setup properly.
Who Should Attend:
Employees who use Abra Suite Payroll users and Payroll Managers who are responsible for running payrolls and quarterly and year end reporting.
What you will Learn:
- Creating and maintaining Earning Codes
- Creating and maintaining Deduction Codes
- Creating and maintaining Tax Codes
- Which reports to run after
- Each Payroll
- Quarter End
- Year End
- How to Reconcile Your Payroll to the Reports
- How to edit employee earnings, taxes and deductions amounts to correct errors
- How to edit employer liabilities to correct errors
- How to Record and Deposit Tax Liabilities
- How to Run Quarter End Processes
- How to Generate Quarterly Reports for State and Federal Reporting