Find out why you’re asked to enter Paycheck history quarterly details when setting up QuickBooks Online Payroll.
When you’re switching to QuickBooks Online Payroll from a previous payroll solution, you asked to enter quarterly totals of taxes. This information is necessary as some annual payroll tax forms require a breakdown of your totals by quarter.
Paycheck history quarterly detail when setting up QuickBooks Online Payroll
The Federal Unemployment Tax (FUTA) for example, needs to be reported on the form 940 at the end of each year. The form requires a breakdown of the total FUTA amount calculated for each individual quarter of the year.
Need help in entering prior payroll? We’ll help you Set up a prior payroll for QuickBooks Online Payroll.