Hi- I am the owner of a small business and I use Quickbooks. I started out freelancing and now I have so many projects that i have another consultant working with me. Our hours are billable on some projects and some projects are set rates.

How am I supposed tobe doing payroll? Are we supposed to get a certain percentage- say 45% of the project in as checks and the the rest goes into the business account? And do I remove expenses first- for example- If I found the project on a site that charges monthly access fees, do i remove those fees before processing payroll?

Payroll accounting 2009