A payroll summary report is a great way to keep track of employee expenses and income. This report is also an important tool for understanding your company’s financial health. In this blog post, we will walk you through the steps necessary to create payroll summary report in QuickBooks.
1. Create a Payroll
Summary Report
in QuickBooks
By Dancing Numbers
What is Payroll Summary Report?
A payroll summary report is a great way to keep track of
employee expenses and income. This report is also an important
tool for understanding your company’s financial health. A payroll
summary report includes information such as salaries, wages,
bonuses, and other forms of compensation paid to employees
during the past month. The report can also include information
about taxes withheld from employee paychecks.
How to Create a
Payroll Summary
Report in QuickBooks
QuickBooks is a great tool for
managing your payroll, but sometimes
you may need to create a summary
report of your payroll data. This article
will guide you through the steps
needed to create a payroll summary
report in QuickBooks.
2. First, open QuickBooks and click on the “Payroll” menu item from the main menu bar. The
“Payroll Summary Report” dialog box will appear.
In this dialog box, you will need to select the date range for which you want to generate a
summary report. You can select any date range that covers the entire period of your payroll
records (for example, all months or all years). Click on the “Next” button to continue.
The next step is to select the accounts that you want to be included in your summary report.
You can include any accounts that contain information about your employees’ paychecks (for
example, an employee’s name, job title, salary information, and so on). To include an account in
your summary report, just click on it in the list box and then click on the “OK” button.
Now it’s time to configure some of the report’s other settings. The first option is “Report Type.”
This setting determines how detailed your summary report will be (for example, whether salary
information will be displayed separately for each pay period or combined into one total sum for
each employee). The available options are “Summary by Pay Period,” “Summary by Account,”
and “Summary by Employee.”
So that's how to create a payroll summary report in QuickBooks.
What to include in the Payroll Summary Report
QuickBooks payroll reports are an important tool to keep track of your company’s
financial health. Below is a list of items you should include in your payroll
summary report:
1. Total Wages and Overtime Paid
2. Number of Employees
3. Cashier Check Counts
4. Payroll Deductions
5. Employee Stock Ownership
CONTACTUS
WEB:
DANCINGNUMBERS.COM
EMAIL:
INFO@DANCINGNUMBERS.COM
Hope the above info helped you. If
not feel free to contact us,