What is QuickBooks Payroll for Small Business
In this article, we will talk about QuickBooks Payroll and its subscriptions. Everything QuickBooks users need to know facts about QuickBooks Payroll for desktop.
Does QuickBooks do Payroll? Yes, Learn More about QuickBooks Payroll
Table of Contents
QuickBooks payroll is an added part of the QuickBooks desktop. It can be activated as a subscription on QuickBooks Desktop. If you have got more than 100 employees in your organization, this software will be of great help to you.
In order to understand how, let’s first take a look at QuickBooks Desktop, after which we dive into the features, benefits, and functions of QuickBooks Payroll.
What Is QuickBooks Desktop?
QuickBooks Desktop is a financial accounting software. It is developed by the US firm Intuit. It was first released in 2002 and since then, many new versions have been released. These versions have added new features and many bug fixes.
QuickBooks Desktop is the market leader when it comes to accounting software. They have a subscription base of around 7 billion users. They have been present in the market for almost twenty years now. This makes their product the most advanced and the best features.
QuickBooks is best suited for all kinds of companies. They have different versions like Pro, Premiere, and Enterprise based on the size of your business. QuickBooks payroll can be activated on all three versions of the software. QuickBooks Payroll has a subscription base of around 1.5 million users.
QuickBooks payroll is payroll tracking software. Today, the companies have grown too large scales having thousands of employees. This makes it difficult to track every employee’s pay. This is where QuickBooks comes into the picture. It allows you to pay and keep track of every employee’s details. It provides complete HR support.
QuickBooks payroll desktop has three versions of itself and it can be activated with whichever QuickBooks desktop version you have. The three versions are Basic, Enhanced, and Assisted Payroll.
Benefits of Using QuickBooks Payroll
Following are some of the main benefits of having QuickBooks payroll:
- Time Saving – It helps save time by automatically making payments to the entire workforce. All you need to do is set up your payroll in the system, and once it is complete you are good to go. It will also give a reminder when it is time to make payments. So, you would just have to enter the number of working hours per employee and it would calculate the job cost for you.
- Employee friendly – The employees at your workplace will have a 24*7 access to their salary information. Hence, it works for the ease of the entire workforce, leading to a happy and satisfied workforce.
- Flexibility – Payroll products are in multiple forms so as to cater to all types of small businesses. One can choose as per their requirement and scope.
Features of the QuickBooks Payroll Software
This software has plenty of unique features that provide you with the above-mentioned benefits. Some may vary depending on the version of software subscribed for:
Create Pay Checks in QuickBooks Payroll
Paychecks can be created on the QuickBooks Desktop Payroll software, which will automatically calculate the tax. Once created, the print can be taken of the paycheck and give to the employees. However, a nominal usage fee might apply.
Direct Deposit Feature in QuickBooks Payroll
This software also has a feature to directly make payments to an employee’s savings bank account or his/her checking account. Again, there could be a nominal fee applicable per transaction or per transmission of payroll.
This Direct Deposit feature can be also used by QuickBooks payroll customers to send payments to 1099 independent contractors against a nominal fee per check.
Time Tracking in QuickBooks Payroll
You can track the time taken on each specified job or by the customer through timesheets that are accurately prepared. This can be used from any device. These timesheets do not consume much of the phone’s battery as well, it uses up as much as a basic social media app on the phone on an average.
Real-Time Insights in QuickBooks Payroll
Detailed in-built reports are available on a real-time basis. This helps to track the performance and progress of projects, check employee hours, and overall management of the business.
Tax Penalty Protection in Payroll Desktop
QuickBooks Payroll ensures that you don’t have to pay tax penalties. Only these many things are required on the user end – sufficient funds in the bank account and accurately filled up data within the deadline. If still the payroll tax deposits and filings are not done, QuickBooks would pay the tax penalty for you of up to $25,000.
Expert Support Provided in QuickBooks Desktop Payroll
You can, at all times, take assistance from payroll experts through call or online chat in case of any issue or even to review the setup. They could also do it for you in case you are facing any trouble or are unable to do it.
HR Support in QuickBooks Payroll Desktop
There are a plethora of resources that one can access in order to take any sort of advice related to human resources. QuickBooks Payroll has partnered with Mammoth to help you stay compliant with HR policies and also enable business growth through HR.
Various templates are available to prepare job descriptions and onboarding checklists. Also, it provides you with continuous updates on the state and federal laws regarding wages and overtime. Hence, it helps to stay HR compliant as well as boost employee performance.
QuickBooks Payroll Pricing & Purchase Link:- https://quickbooks.intuit.com/payroll/desktop/
QuickBooks Payroll Basic for Desktop
This is the basic version that means the entry-level version. It allows has the following features:
- Update the Payroll of employees
- Create Pay checks of employees
- Direct Deposit into employees’ accounts
- Workforce management
- Subscribe to e-mail for critical notes
- Expert Support
QuickBooks Payroll Enhanced for Desktop
This desktop payroll version is one notch above the basic version. This version has all the features of the basic version. Apart from the features of the basic version, it has added features like:
- Ability to fill federal forms
- Option to fill state forms
- E-filing and E-pay
- It allows to create tax forms for clients
- It can create client-ready reports
- It allows you to file as a reporting agent
- You have auto-fill option.
QuickBooks Payroll Assisted for Desktop
This version does not have all the features of QuickBooks Payroll Enhanced. This has the following features:
- Payroll Updates
- It allows you to create Paychecks
- You can deposit directly into employees account
- Workforce management
- It allows you to create federal and state forms
- E-file and E-pay
- Intuit will file and pay taxes on your behalf
- Intuit guarantees no penalties
- E-mail subscription
- Expert support for any problems
How do i contact QuickBooks Payroll support for QuickBooks Payroll Setup
QuickBooks payroll is a very good software for handling all your employee’s payments and their tracking. You can choose any version according to your requirement. In today’s growing environment, it is very handy for any company as it makes their work easier and faster. You can contact us for QuickBooks payroll support at +1-888-300-6790 & get started with payroll in QuickBooks.