Professional Documents
Culture Documents
Employees
McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.
Employees
In Chapter 4, you learn how Peachtree
processes payroll. Once default and
employee maintenance information is set
up, payroll is a simple process.
4-2
Software Objectives, p. 139
1. Restore data from Exercise 3-2. (This backup was
made on p. 137.)
2. Enter and store information using the Maintain
Employees/Sales Rep window.
3. Set up default information for payroll.
4. Store constant information about payroll payment
methods.
5. Transfer funds from the regular checking account to
the payroll checking account.
6. Enter paychecks in the Payroll Entry window.
7. Print employee paychecks.
8. Make two backups: backup Chapter 4 data; and
backup Exercise 4-2.
4-3
Web Objectives, p. 139
Use your Internet browser to go to the book’s
website at www.mhhe.com/yacht2009.
Complete the Internet activity for the American
Institute of CPAs.
Use a word processing program to write a summary
about the website(s) that you visited.
4-4
Employees
Peachtree’s
Payroll System
Set up Employee
Defaults
Select employees
Employee Record
Maintenance transaction
4-6
Peachtree Tips
In Chapter 14, Employees, Payroll and Account
Reconciliation, you learn how to set the defaults for
the payroll accounts. Each employee and employer
deduction will be set for individual liability accounts
and expense accounts.
4-7
Backing Up Chapter 4
In Chapter 4, you make two backups. The Chapter
4.ptb backup is made on pages 156-157 and the
Exercise 4-2.ptb backup is made on page 162. For
all the backups made in Part 1 (Chapters 1-8), refer
to the chart shown on page 2 in the textbook.
4-8
Chapter 4 Topics
1. Software & web objectives, p. 139
2. Getting started, p. 141
3. Default information, p. 142-145
4. Employee Maintenance, pp.145-147
5. Payroll tasks, p. 147
a. Transferring cash to the payroll checking account, pp. 147-
149
b. Payroll entry for a salaried employee, pp. 149-151
c. Payroll entry for an hourly employee, pp. 151-152
d. Printing payroll checks, pp. 152-156
6. Journal entry for payroll, p. 156
4-9
Chapter 4 Topics (concluded)
7. Backing up Chapter 4 data, p. 156-157
8. Internet Activity, p. 157
9. Summary and review, pp. 157-158
a. Going to the Net, p. 158
b. Short-answer questions, pp. 159-161
c. Exercise 4-1, p. 162
d. Exercise 4-2, p. 162
e. Analysis question, p. 163
e. Chapter 4 index, p. 164
4-10
Employee Defaults window, pp. 142-143
From the Navigation Bar, select ;
click , Set Up Employees Defaults.
4-11
Employee Fields, p. 143
After selecting the Employee Fields tab, this
window is shown.
4-12
Company Fields, pp. 144-145
Read the information on pp. 144-145. After
selecting the Company Fields tab, this
window is shown.
4-13
Maintain Employees/Sales Reps, pp. 145-146
Complete steps 1 and 2 on page 145. The
Maintain Employees & Sales Reps window
appears is shown p. 146.
4-14
Maintain Employees/Sales Reps, p. 146
Click on the Pay Info tab. Pay information for Brandee M.
Nunnley appears below step 3.
4-15
Payroll Entry for salaried employee, pp. 149-151
The completed Payroll Entry on page 150 is shown
below.
4-16
Payroll Entry for hourly employee, pp.151-152
The completed Payroll Entry on page 152 is shown
below. (Three overtime hours are added.)
4-17
Journal Entry for Payroll, p. 156
Account Description Debit Credit
Wages Expense (Regular Hours) 720.00
4-18
Backing Up Chapter 4 Data,
pp. 156-157
Complete steps 1-6 on pages 156-157 to
backup Chapter 4 data.
The suggested file name is Chapter 4.
4-19
Chapter 4, Internet Activity, p. 157
1 From your Internet browser, go to the book’s website at
www.mhhe.com/yacht2009.
2 Link to Student Edition.
3 In the Course-wide content list, link to Internet Activities; then link to Part
1 Internet Activities for Chapters 1-8. Open or Save. (In the Choose a
Chapter field if you select Chapter 4 observe that chapter-specific links
are available; for example, Multiple Choice Quiz, True or False,
PowerPoint Presentations and Going to the Net Exercises.) The Course-
wide Content also includes a Glossary link.
4-20
Going to the Net, p. 158
Access the SmartPros website at http://
accounting.smartpros.com. Move your cursor over
Career Center. From the Career Center list, select
Career Resources, then link to “Effective Salary
Negotiation (
http://accounting.smartpros.com/x28536.xml).”
Read the “Effective Salary Negotiation” article.
Answer the following questions.
4-21