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Guide to QuickBooks Payroll
Use Quicken features to ease payroll and end-of-year accounting woesUsing an accounting software suite can provide you with the most precious resource you need as a small business owner --time. Intuit QuickBooks Complete Payroll also offers:
1. Employee information tabs for easy W-2 mailings.
2. Time clock connectivity for automatic QuickBooks payroll checks generation.
3. Bonus and pay raise help features that can make wage changes much simpler.
4. Online updating to keep up with the IRS’s latest withholding percentages.
5. The QuickBooks Payroll Subscription – it provides real people to help with your questions.
Action Steps
The best contacts and resources to help you get it done
Determine how much help you need before you buy QuickBooks Payroll
Intuit offers 3 levels of QuickBooks Payroll Subscription that you may or may not need to process your company's payroll: basic, enhanced and assisted. The basic subscription is simple payroll, no taxes involved; your accountant will need to handle that part. QuickBooks Enhanced Payroll enables you to handle your own tax filings. The premium service, QuickBooks Assisted Payroll, comes with a tax filing service from Intuit.
I recommend:
Get the details and see demos of the levels of QuickBooks Payroll solutions. If you don’t have QuickBooks, you’ll need it to subscribe to a payroll feature. You can download the Free QuickBooks Simple Start 2008 to get you started. It’s compatible with every level of QuickBooks Payroll.
Enhance your QuickBooks payroll service with add on features.
Your employees will appreciate the option to have their paychecks direct deposited into their bank accounts. You'll like the time and money savings of not having to process payroll at your desk.
I recommend:
Buy Payroll Direct Deposit for your employees, and you can fully automate payday. Or process payroll from afar with QuickBooks Online Payroll, which requires QuickBooks Online.
Let Intuit train you on QuickBooks Payroll software
Take a class or complete an online tutorial to learn how to set up your QuickBooks Payroll, and then learn about advanced features that could make your life even easier. Set up your time clock to connect directly to your computer and record employee time punches, and by the time payday comes around, payroll's ready to print.
I recommend:
Intuit endorses classes offered through Real World Training. Free video courses are available through Intuit’s training website.
Tips & Tactics
Helpful advice for making the most of this Guide- Take the video courses before you try setting up your new QuickBooks Payroll Subscription, to get familiar with the lingo and features.
- If your accountant is available to set up your software, that's even better. He may be able to import reports and information from previous years so that you can have all of your business records in one place.
