Module 16: Payroll bookkeeping basics
Gross-to-net pay and payroll liabilities using fictional rates.
1. Gross pay to net pay
Calculate gross pay, withholdings, and net pay using fictional stated rates.
About 8 minutes · 2 practice sets · Pro practice
2. Employer payroll costs
Record employer payroll taxes as an expense on top of gross wages.
About 8 minutes · 2 practice sets · Pro practice
3. Paying payroll liabilities
Remit withholdings and employer taxes and keep the liability accounts accurate.
About 8 minutes · 2 practice sets · Pro practice
4. Payroll at month-end
Accrue unpaid wages and related employer taxes so the period's expenses are complete.
About 8 minutes · 3 practice sets · Pro practice