QuickBooks tracks company-paid taxes with each paycheck you write. It also
allows you to track company-paid benefits with each paycheck through company
contribution payroll items.
Here are some advantages of tracking company-paid taxes and company-paid
expenses with paychecks:
You always have a record of how much tax you owe at any time, so you can
plan to have the case to pay it.
For taxes that have an earnings cap (such as federal unemployment), you can
see when an employee reaches that cap and stops accruing additional tax
When you track company-paid benefits with a paycheck, you can track the
total cost to the company for each employee. The total cost equals compensation
plus company-paid taxes plus company-paid benefits.
QuickBooks payroll reports provide you with a list of all company-paid taxes
and other payroll expenses. Taxable company paid expenses also appear on
paystubs that you can print separately from check, if you wanted to keep such
summaries in your own records, for example.
Where to find a list of
How QuickBooks calculates payroll
How payroll items