Question: Which statement is not true about the Overtime calculations tool? Enter total hours in the Regular Pay Hrs field, and the tool will suggest overtime
Which statement is not true about the Overtime calculations tool?
- Enter total hours in the Regular Pay Hrs field, and the tool will suggest overtime
- Click the caution warning to display the legal overtime rules pop-up
- Payroll users can click "Fix it for me" to accept the suggestion made by the Overtime calculations tool
- The Overtime calculations tool can only be used in combination with timesheets
Which 2 are required to set up Auto Payroll?
- The payroll subscription for the company needs to be Premium or Elite
- The company must have run their first payroll
- The payroll user must have established a QuickBooks Online Time account
- At least one employee must be assigned to enable auto payroll
- The employees must not be assigned to a payroll schedule
How do you set up an employee to track their hours in QuickBooks Time?
- Time > QuickBooks Time > Copy Link > Email employee > Invite employee to track and record hours
- Payroll > Employee > Edit employee > Enter email address > Invite employee to track and record hours
- Time > Company Settings > Select employee > Enter email address > Invite employee to track and record hours
- Payroll > Overview > Approve time > Add employee > Enter email address > Invite employee to track and record hours
Where in QuickBooks Online Payroll can you approve time tracked in QuickBooks Time before running payroll?
- Payroll Center > Overview tab > Approve time
- Gear icon > Payroll settings > Time > Approve time
- Payroll Center > Time tab > Approve time
- Payroll Center > Compliance tab > Approve time
What 2 of these can you do in QuickBooks Time Elite but not QuickBooks Premium?
- Use geofencing
- Approve time before processing payroll
- Track time off
- Set up a schedule for work that needs to be done
- Add and view notes, photos, and project updates from anywhere
In which 2 scenarios would it be a best practice to delete a paycheck?
- The paycheck has not been processed and is incorrect
- An employee notifies that the processed payroll is incorrect
- An employee notifies that their address is not correct before payroll is processed
- The bank mistakenly cleared the check two times
- A duplicate paycheck check was created and has not been processed
On which report can you view the payroll tax liabilities, the payments made, and the amounts still owed?
- Payroll Tax Payments
- Payroll Tax Liability
- Payroll Billing Summary
- Payroll Details
Which report can Mary run to see the transaction detail of amounts withheld and payments made?
- Payroll Summary by Employee of the designated Payroll Expense on the Profit and Loss
- Payroll Tax Liability of the designated Payroll Liability on the Balance Sheet
- Transaction Report of the designated Payroll Liability on the Balance Sheet
- Payroll Tax Payments of the designated Payroll Expense on the Profit and Loss
Where would you find the amount that needs to be paid to the retirement plan administrator?
- Payroll > Overview > To do list
- Payroll > Overview > Shortcuts
- Taxes > Non-tax liabilities > Upcoming payments
- Reports > Payroll > Retirement Plans
- Run the Profit and Loss report for specific period to see the liability
Where would she expect to view notifications for upcoming payroll tax drafts?
- In the Payroll Setting Center
- In the notifications section of the dashboard
- Via email reminders
- Via text message reminders
What 2 reports would you compare to isolate the discrepancy?
- Payroll Summary
- Payroll Tax Liabilities
- Payroll Details for State Unemployment Liabilities
- Transaction Detail Report for State Unemployment Payable
- Transaction Detail Report for State Unemployment Expense
Where would Billy Joe go to download after-the-fact payroll forms and filings?
- Reports > Payroll > Archived forms and filings > Select Form
- Payroll > Compliance > Archived forms and filings > Select Form
- Taxes > Payroll Taxes > Filings > Archived forms and filings > Select Form
- Taxes > Payroll Taxes > Payments > Archived forms and filings > Select Form
When you change payroll accounting preferences and choose to update past transactions, what will not be updated?
- Wage expense
- Employer tax expense
- Tax liabilities
- Bank account
Ann's Angora Yarn Shop has called because it appears the payroll taxes are posting to different accounts. She'd like them all to post to one account.
How can this be changed?
- Payroll > Employees > Edit employee > Pencil icon for Pay > Taxes > Choose posting account for taxes
- Gear > Payroll Settings > General tax > Employer taxes > All employer taxes are posted to one expense account
- Gear > Payroll Settings > Accounting > Employer tax expenses > All employer taxes are posted to one expense account
- Gear > Account and Settings > Payroll > Employer tax expenses > All employee taxes are posted to one expense account
Where do you go to change the posting bank account for QuickBooks Online Payroll?
- + New > Payroll settings > Preferences > Bank account
- Gear > Payroll settings > Accounting > Bank account
- Gear > Payroll settings > Bank accounts > Choose bank account
- Payroll > Overview > To do > Bank accounts > Choose bank account
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