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Payroll is a tricky subject for many small business owners. It’s crucial to know what you’re getting into before signing up, and this detailed review will help you make the decision that’s right for your business.ć
The “pros and cons of quickbooks payroll” is a review of the QuickBooks Payroll product. It will also give you information on what to expect from the product, as well as what it’s like to use during your first few weeks.
QuickBooks Payroll is one of Intuit’s range of products, and it offers full-service payroll, automated tax filings, next-day direct transfers, and a variety of HR activities. It’s great for companies who currently use QuickBooks Accounting or wish to switch to a more dependable accounting system with payroll integration. It’s a fairly priced solution that works well for small firms, with monthly prices starting at $45 + $4 per employee.
Pay attention to QuickBooks Payroll.
What We Think QuickBooks Payroll Is Good For
We’ve tested and compared QuickBooks Payroll against a variety of payroll software for a variety of purposes—from general business to specific industries like trucking—and it consistently ranks near the top of our lists of the best employee pay processing tools, with a 4.62 out of 5 rating for its versatility, ease of use, and feature set. It’s also available via the QuickBooks Online accounting software, making it a straightforward move for small businesses that already use QuickBooks.
In a nutshell, QuickBooks Payroll is the best option for:
- Users of QuickBooks: If you’re already familiar with QuickBooks Accounting, having its payroll system directly linked makes managing payroll a snap; all payroll transactions flow to the general journal, and you don’t have to spend time setting up and allocating accounts on the front end. In addition, the system allows you to utilize the data from the payroll application in QuickBooks for budgeting and other analyses.
- Small companies: Intuit’s payroll price is affordable for small enterprises since you may conduct an infinite number of pay runs without incurring additional fees. You may pick from many QuickBooks Payroll plan choices, all of which include full-service Processing of Payroll (pays your taxes and employees). You can also add time monitoring and have access to HR professionals as needed—all for a fraction of the cost of competing suppliers.
- QuickBooks Payroll’s mobile app will come in useful if you’re often out in the field. In fact, it is ranked first in our list of the top payroll applications. No matter where you are, you can use the app to conduct payroll, e-file taxes, and even pay employees—as long as you have an internet connection.
When QuickBooks Payroll Isn’t Right For You
- QuickBooks Payroll is best suited for small and medium enterprises. Consider one of our suggested HRIS/HRMS services if you’re a big company with sophisticated payroll or HR requirements.
- Businesses on a tight budget: QuickBooks Payroll is reasonably priced for what it provides, but if you need something simpler and less expensive, consider Gusto, Patriot Payroll—it offers a lower-cost full-service plan as well as a lower-cost self-service plan if you’re willing to file your own taxes. There are various possibilities for free payroll software that may be sufficient.
- QuickBooks Payroll is an online payroll program, so you’ll need internet connectivity to keep connected. Consider a QuickBooks Desktop Payroll package if your company is situated in a region where the internet is unstable or if you just don’t want to pay a regular Wi-Fi charge.
Overview of QuickBooks Payroll
Pay attention to QuickBooks Payroll.
Payroll Pricing in QuickBooks
Full-service payroll, tax payments and filings, next-day direct transfers, and automated pay runs are all included in QuickBooks Payroll’s three plans (Core, Premium, and Elite). Payroll price from Intuit varies from $45 to $125 per month, plus $4–$10 per employee each month. However, depending on your plan, you may have to pay extra for certain services (such as multiple state filings and workers’ compensation administration).
*QuickBooks sometimes provides discounts (like as the present 50% off for three months for new customers), so check their website for the most up-to-date deals.
**Depending on the kind of plan chosen, additional costs may apply.
Features of QuickBooks Payroll
QuickBooks Payroll is simple to set up and utilize. You can manually enter payroll information or utilize QuickBooks accounting software if you’re a QuickBooks user. The Premium plan, on the other hand, includes a setup review to ensure that everything is entered properly, while the Elite plan includes unique setup services. Running payroll is as simple as entering the hours and pressing a button once the setup is complete.
Check out our tutorial on how to set up and operate QuickBooks Payroll. If you prefer a visual walk-through, it also contains a video instruction.
Processing of Payroll
With QuickBooks Payroll, you can run unlimited payroll each month and pay employees and contractors either through paper checks or direct deposits. Since Processing of Payroll is unlimited, you can set different schedules for different employees. Your staff can also be paid quickly—QuickBooks offers next- or same-day direct deposit vs two- to four-day like other providers. And while some services charge extra for processing deductions and garnishments, QuickBooks includes this in all plans.
QuickBooks features an auto-payroll tool that will run payroll every pay period if you’ve ran payroll numerous times and don’t need any adjustments or salary changes. However, this feature is only accessible to individuals that employ salaried staff and have direct deposit payments set up with e-services enabled. In the six months previous to initiating auto-payroll, your payroll account should be in good standing and not have been put on hold.
The QuickBooks Payroll dashboard includes useful shortcuts, a to-do list, and a “auto-payroll” box that lets you conveniently switch on and off the program’s automatic pay runs function.
Management of Payroll Taxes
QuickBooks Payroll handles federal and state tax payments and filings, as well as year-end tax forms. Consider its Premium or Elite plans if you need automatic local tax filings. There’s also extra protection for Elite members against fines of any type up to $25,000, even if you’re at fault, and a QuickBooks tax resolution team will represent you in addressing IRS filing or payment concerns.
Benefits for Employees
QuickBooks Payroll provides health insurance alternatives for employees via SimplyInsured, a service that helps small companies locate the best insurance packages for their budget. It’s a three-step process that results in fast quotations. If you choose benefits via QuickBooks Payroll, the software makes it simple to manage them.
Furthermore, QuickBooks Payroll’s plans all have access to a 401(k) plan. It’s run by Guideline, an independent third party that takes care of compliance and recordkeeping at no additional charge—though there may be some 401(k) plan costs.
Workers’ Compensation and Unemployment Insurance
QuickBooks Payroll files state and federal unemployment insurance and collaborates with AP Intego for workers’ compensation to ensure you receive the best deal. Because AP Intego connects your plan directly into QuickBooks Payroll, managing workers’ compensation is also a breeze. Workers’ compensation administration, on the other hand, is only covered in the Premium and Elite levels. If you’re a Core subscriber, this service costs $5 per month.
HR Support and Administration
Mineral has teamed up with QuickBooks Payroll to offer HR help and administration to its customers. The HR support section, which is exclusively available to Premium and Elite users, gives you access to personalized job descriptions, onboarding, and performance tools. If you join up for an Elite package, you’ll be able to access Mineral HR and compliance professionals (either online or over the phone) if you have urgent HR difficulties. They may also help you create unique HR rules and handbooks.
Tracking of Time
QuickBooks Time allows you to monitor your workers’ work hours and paid time off (PTO) if you choose the Premium or Elite subscription (formerly TSheets). Your employees may use the mobile app to clock in and out, transfer jobs or tasks, and check their attendance while on the road. It also includes GPS capabilities, enabling you to verify the whereabouts of your field staff as they clock in.
If you don’t have a Premium or Elite subscription, you may use QuickBooks Payroll to enter your employees’ regular and overtime hours.
Employee Intranet
Employees may access pay stubs and W-2s, as well as PTO balances and withholdings, using the QuickBooks Payroll site. They may also edit and update their contact information, bank accounts, and other personal information. It allows workers to apply for cost reimbursements and seek PTO in addition to reporting timesheets. There’s also a section dedicated to HR papers, such as employee handbooks. The capabilities available to workers may vary depending on your QuickBooks Payroll package.
Ease of Use in QuickBooks Payroll
- QuickBooks Accounting software is automatically integrated.
- Onboarding through self-service
- Interface that is easy to use
- Support is available by chat and phone.
- Videos and how-to tutorials
- You may use a mobile app to manage payroll and e-file taxes.
QuickBooks Payroll is a simple application to use, particularly if you are already acquainted with QuickBooks. Unless you upgrade to the Elite plan, you must set up payroll on your own, however you may contact support with any concerns. Before you run your first paycheck, the Premier package gives you access to a setup review to verify everything is in order. You won’t be able to add historical data after you’ve done payroll for an employee, so make sure you fill out all of the information first.
Your QuickBooks Payroll dashboard will provide activities that you must do while setting up your company and employee information in the system for new users.
The whole process of processing payroll with QuickBooks Payroll needs just a few button clicks. Its system brings up all of the essential employee and pay data, including time data (if you have QuickBooks Time), and you may make adjustments before the payroll run is completed. The layout is simple, and there is a help button with how-to articles as well as a method to contact the company’s live chat assistance 24 hours a day, 7 days a week. You may also reach a customer care representative by phone from 6 a.m. to 6 p.m., Pacific time, Monday through Friday, and 6 a.m. to 3 p.m., Pacific time, on Saturdays.
Alternatives to QuickBooks Payroll
Compare QuickBooks Payroll to alternative HR payroll software if you’re not sure whether it’s ideal for you.
Users’ Opinions on QuickBooks Payroll
Third-party review sites (such as G2 and Capterra) gave QuickBooks Payroll high marks. Its simplicity of use, quick direct payments, and effective online tools, according to many users, make paying workers and handling taxes simple. Others, on the other hand, have complained that it is too pricey when compared to other small company payroll providers.
Customer service is hit or miss as well. While several reviewers complained about excessive wait times when calling the company’s customer service department, a few noted the customer service representatives they dealt with were helpful and responsive.
QuickBooks Payroll received the following ratings on prominent user review sites at the time of publication:
While reviewing online QuickBooks Payroll reviews, I observed the following trends:
Conclusion
If you’re a fan of QuickBooks, its payroll software is a no-brainer. It makes calculating employee pay quick and easy thanks to seamless integration, and it also takes care of tax payments and filings for you. Furthermore, QuickBooks’ parent company, Intuit, has collaborated with a number of renowned firms to allow you to provide and administer benefits as well as basic HR responsibilities for your workers, all from a single platform.
The best part about QuickBooks Payroll is that you don’t need QuickBooks Accounting to utilize it. You may purchase its payroll module alone and then add Intuit’s other products to your platform as your company grows.
Sign up for a three-month free trial of QuickBooks Payroll now to discover more about its features.
Pay attention to QuickBooks Payroll.
The “quickbooks payroll tutorial” is a review of the QuickBooks Payroll service. This review will help you decide if it is right for your business.
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