QuickBooks offers comprehensive payroll services and is a valuable tool for businesses looking to streamline their payroll processes. There are two primary payroll options: QuickBooks Payroll and QuickBooks Full-Service Payroll.
QuickBooks Payroll
With QuickBooks Payroll, businesses can run payroll themselves. This option allows you to calculate paychecks, withhold and remit taxes, and handle payroll compliance independently.
You can choose from three different plans: Core, Premium, and Elite. Each plan offers varying levels of features, such as automatic payroll tax calculations, direct deposit, and next-day delivery for checks.
QuickBooks Payroll also integrates with QuickBooks accounting software, ensuring that your financial data is always up to date.
QuickBooks Full-Service Payroll
QuickBooks Full-Service Payroll is a more hands-off approach to payroll management. With this service, QuickBooks handles payroll processing for you. It includes features like automatic payroll tax payments and filings, direct deposit, and year-end W-2 filings.
QuickBooks experts assist in setting up and running your payroll, providing peace of mind that payroll taxes are accurately calculated and paid.
Key Features
- Employee Paychecks: QuickBooks calculates paychecks, including taxes and deductions, and offers multiple payment methods, such as direct deposit and printed checks.
- Tax Compliance: QuickBooks helps you stay compliant with changing tax laws and regulations.
- Employee Benefits: You can manage employee benefits like health insurance and retirement plans.
- Time Tracking: Some plans offer time tracking features to monitor employee hours and integrate them into payroll processing.
In summary, QuickBooks provides robust payroll solutions suitable for businesses of all sizes. Whether you prefer a DIY approach with QuickBooks Payroll or want the convenience of Full-Service Payroll, QuickBooks is a valuable tool for simplifying the complexities of payroll processing.
