Peachtree Complete Accounting 2012

Lesson- 4

Step 1: To Complete Payroll Setup Wizard

Maintain Menu  Default Information

 Payroll Setup Wizard

2times click on next

 Specify or select such as:

i) State e.g. AK

ii) Default GL account as shown below:

Gross pay e.g. salary expense

Tax liability e.g. Tax payable
Tax expense e.g. Payroll Tax Expense

Next ... Finish

Step 2: To Maintain Payroll Tax Formula

- File Menu  Payroll Tax Table  User Maintained

- From the coming window, delete the existing tax formula and enter the given below tax formulas
A) For income tax
 Tax Id = 001 N.B considers these points:
 Tax name = Income Tax 19
 Type = Deduction - Don’t forget to add the last two digit of
current fiscal year on each tax name and
Formula: Answer =-table (Adjusted_gross)
-To give a single space on each tax name

 Click on TABLE ICON and fill in the given below in it

Gross More than Withhold Plus%

100 6 6

Click on OK and then SAVE

Step 3: To Maintain Employee Default Information

Lesson 4: Payroll Preparation Set by: Abdisalam Ali Mahdi
 Peachtree Complete Accounting 2012

- Maintain Menu Default Information – Employee....

- From the coming window, do the following”:

A) In The Pay Level Tab

In the “Salary pay level” column without doing nothing to it but the “hourly level” column type the field names such as

Basic salary and overtime, with their respective GL. Account as shown below.

Field name GL Acc

Basic Salary 6000 (Wages Expense)
Overtime 6000

B) In the employee EE tab: fill in the given below information as it is

Field name GL/Acc Calc Tax name Memo Adjust

Gross 6000
Income tax 2380(Income Tax Payable) Income tax use
look up list to
select

- Click on OK

Step 4: To Maintain Employee Information

- Maintain menu – Employee/ Sales Representative...

- From the coming window, fill in such as
- Emp. ID e.g AO
- Emp. Name e,g. Abdi Omer

a) In The General Tab

- Fill in the address & other related information
b) In The Pay Info Tab
- Do the following
i) Select the Pay Method to Hourly & Frequency to Weekly
ii) Enter the hourly rates of Basic Salary for $10 and Overtime for $15,
c) In the employee EE tab

-Remove the check marks from “Std” column for the field names except Income Tax.

-Click on save and repeat the above all steps until you finish

Step 5: To Pay Each Employee

- Click on Task MenuPayroll Entry  Ok

Lesson 4: Payroll Preparation Set by: Abdisalam Ali Mahdi
 Peachtree Complete Accounting 2012

- From the coming window, fill or specify such as:

- Emp. ID
- Check #
- Date
- Click on save  repeat the above step
-

Lesson 4: Payroll Preparation Set by: Abdisalam Ali Mahdi