QuickBooks Payroll is a software program that helps with payroll processing for employees of the firm and simplifies accounting tasks. In addition, it entails figuring up employee pay and subtraction of state and federal payroll taxes. Payroll refers to a company's financial records of its workers or the way that employee paychecks are disbursed.The purpose of this course is to walk through a few of the QuickBooks payroll functions. Depending on which (if any) payroll service you use, the method your business processes payroll may vary from this lesson. We won't be covering payroll setup in this class because payroll information is pre-configured in the exercise file. Tax tables are used by QuickBooks payroll. After determining each employee's gross compensation.