QuickBooks Payroll Service for On-Time Paychecks

2007-03-08 10:33:40

( Computers )



Payroll Accounting is a Tedious Process

If you are currently doing your company's payroll accounting and disbursement on your own, you know that it takes a lot of time to prepare. First you need to calculate the hours that each employee has worked over a pay period. Then you need to compute social security contributions, withholding taxes, health insurance monthly premiums, and all other regular deductions from the gross salaries to come up with the net paycheck amount. Next, you prepare each individual paycheck, or if your employee has a payroll bank account, deposit the money directly to his or her account on payday.

The QuickBooks Payroll Service

QuickBooks offers four different types of packages, all of which use their basic payroll and tax accounting software. Prices for the services range from a low twenty dollars to a little more than one hundred dollars per month for a full-service package.

The simplest and cheapest package offers a do-it-yourself feature, allowing you to input your employee's work hours and other data directly. QuickBooks then calculates the earnings and amount of deductions needed. You can print the paychecks directly onto your own printer.

An enhanced package of QuickBooks payroll service allows you to calculate commissions and bonuses faster, and also has the blank state tax forms ready for you to fill in and sign. This is especially suitable if you are managing a sales force or project personnel who may have irregular working hours.

If you have very little time or experience in handling payroll matters, you may want to avail of a higher package where QuickBooks payroll services will assist you in preparing the documents to be submitted to IRS like the W-2 forms, and the necessary tax deposits. QuickBooks will also assist you in dealing with tax agencies.

And finally, QuickBooks has a comprehensive package that will do all the functions of payroll. You just need to set up your account and give all the employee information, then QuickBooks will do the rest. Along with the service, QuickBooks also guarantees accurate processing of payroll taxes and deductions, and prompt submission to IRS and other agencies of required forms and reports.

Delivery of Paychecks

You can also choose to have the paychecks delivered directly to your doorstep, or you can print the paychecks yourself on your own printer. Or you can even arrange with QuickBooks to have the amounts directly deposited to your employees' bank accounts, so that your employees can use the ATM to withdraw the money.

Through superior software quality and efficient onsite features, QuickBooks payroll services frees up your time to allow you to take care of other equally important business matters.


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