QuickBooks is known for their accounting software but they also offer payroll software too. This payroll software is compatible with the accounting software. Intuit (The maker of QuickBooks software) has several payroll options for all types of businesses and organizations. I will give a brief overview of their payroll software. QuickBooks has the following payroll software:
1. QuickBooks Payroll Enhanced
2. QuickBooks Payroll Assisted
3. QuickBooks Online Payroll
4. QuickBooks Payroll Enhanced for Accountants
5. QuickBooks Online Payroll for Accounting Professionals
First, let us examine QuickBooks Payroll Enhanced. This payroll software allows organizations to control their own payroll within the software. It computes earnings, payroll taxes, and deductions. It computes gross pay. It can handle workmen compensation, federal forms and most state forms, and also has a direct deposit feature. QuickBooks Payroll Enhanced also has a job costing feature. This payroll software is for organizations that want to manage their payroll reporting internally.
Next, let us examine QuickBooks Payroll Assisted. It is for organizations that want a third party to manage their payroll. It pays employees by direct deposit within the QuickBooks software. Tax payments are created and tax forms are produced as part of the service. The funds for the tax payments are withdrawn from the client’s bank account directly and transferred to the correct taxing authority. It is compatible with QuickBooks software and has a job costing feature.
Next, let us examine QuickBooks Online Payroll. It is available anytime and anywhere. It computes earnings, payroll taxes, and deductions. One can print paychecks and pay stubs from their printer.
Direct deposit and electronic tax filing are available. One can create quarterly and year- end tax filings and W-2s. It can export payroll data to your QuickBooks file with a single click. Finally, this option offers an independent payroll solution. One can hide the payroll information from the staff that works in the QuickBooks file.
Finally, the last two options are for organizations that want an accountant involved in their payroll management. QuickBooks Payroll Enhanced for Accountants creates payroll records for those clients that do not use QuickBooks software or keep manual payroll records. It can produce client-ready payroll reports.
QuickBooks Online Payroll for Accounting Professionals is available any time and any where. The client can control how much or how little the accountant is involved in the payroll management.
The accountant can set the client’s access level to the online payroll software. The clients and their employees can enter their own hours. Management can review the information before payroll is produced.
In conclusion, QuickBooks has several options for payroll. One has to decide how involve they want to be in their payroll management. One can also decide the accountant’s level of involvement. If one has questions or needs further information, please do not hesitate to email me at firstname.lastname@example.org to set up a free one hour consultation.