Quickbooks Payroll Services

2008-01-15 11:01:50

( Computers )



Demands of a Company's Payroll System

If you are operating and managing a medium to large scale enterprise, one of your most basic concerns is to have an efficient payroll system for your company.

Payroll systems involve much paperwork and long complicated calculations if they are manually handled. You need to compute the exact hours of regular work and overtime earned by each employee, as well as the benefits of leave days, vacations and holidays. You need to calculate accurately for the exact withholding tax owed to the government and any pay deductions for social security, retirement funds and health insurance.

Types of Quickbooks Payroll Services

Quickbooks specializes in payroll and tax accounting software for all types and sizes of business organizations.

Quickbooks offers you several types and combinations of payroll services based on your own needs. Each of the Quickbooks payroll services provide you with useful software and tax tables that you can download right into your company network computer. You just need to pay monthly fees, ranging from just under ten dollars to sixty dollars depending on the services you buy.

If you have your own tax accountant who is well-versed in computing the payroll, you will appreciate the basic Quickbooks payroll program which equips you with the tax tables. This program also automatically calculates payroll deductions as well as print the payroll checks directly on your computer. The tax tables will always be updated to the latest rates required by the government.

If you are a do-it-yourself entrepreneur, you can get the Quickbooks Enhanced payroll service which already automates your entire payroll system. You can download not only the tax tables, but also the state and federal tax forms. You can electronically file your payroll taxes, and easily calculate any commissions or bonuses.

You can also receive partial assistance with Quickbooks Assisted payroll service, especially if you or your staff lack the experience for doing payroll. You calculate all the earnings, deductions and net pay while Quickbooks will file the payroll taxes and prepare the W2 forms for your company.

All Quickbooks payroll services also allow you to arrange for direct deposit of payroll into your employees' bank accounts.

Benefits of Quickbooks Payroll Services

Whether you choose the basic or assisted payroll package, you will be able to handle your payroll system more efficiently and accurately. You can easily prepare all the payroll reports and print paychecks fast, thus your employees will receive their paychecks promptly.

You will also be able to eliminate any errors and delays in payroll calculations. You will avoid employee grievances and costly lawsuits, as well as problems or issues with the IRS and other government agencies.


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