Payroll is quite a complex endeavor for any organization as you need to keep up with multiple variables like payroll taxes, proper record of employee’s tax information, and staying on top of paydays.
The QuickBooks Payroll Service allows you to access the payroll features in the QuickBooks Desktop Software. The three plans available include Basic, Enhanced, and Assisted Payroll, and each plan comes with specific sets of features.
About QuickBooks Desktop Software
The QuickBooks Desktop Software is an accounting/financial software installed on your desktop, that enables you to seamlessly perform invoicing, bookkeeping, and billing. Furthermore, it helps you keep track of sales and expenses, payments, receipt scanning, and tax preparations.
The QuickBooks Desktop Software comes in Pro, Premier, and Enterprise Solutions.
Is Subscription to QuickBooks Payroll Services Compulsory?
You can choose to purchase QuickBooks without subscribing to the payroll services. In that case, you have to calculate payroll taxes manually. You can either enter the payroll tax figures into the system or make use of the free Paycheck Calculator.
QuickBooks Payroll Services
Different features are available based on the payroll subscription you opt for. The subscription plans include:
QuickBooks Desktop Basic Payroll Features
Basic Payroll allows businesses to create paychecks for salaried and hourly employees, calculate payroll tax and deductions and pay employees via check or direct deposit. It also tracks vacation, sick time, cash advances, insurance, and retirement contributions. Here’s is a snapshot of all available features.
QuickBooks Desktop Enhanced Payroll Features
In addition to all the features covered by the Basic plan, Enhanced Payroll features include preparation of federal and state payroll tax forms and year-end W-2 forms.
Here are the new features present in the Enhanced plan in addition to all present in the Basic Plan:
Enhanced for Accountants further has:
QuickBooks Desktop Assisted Payroll Features
This plan features professionally-prepared payroll tax returns. Assisted Payroll Service comes with a guarantee that payroll tax returns will be filed at the right time and payment will also be prompt, eliminating the possibility of late penalties.
In addition to the features present in Basic Payroll and Enhanced Payroll (The general features, not including those for Enhanced for Accountant), Assisted Payroll further has these extra functionalities:
Employee Limits and Pricing
While there is no limit to the number of employees that can be added, it’s best to keep it under 800 to avoid performance issues.
Pricing is based on a subscription model, with add-on fees for each additional employee added to the service.
For the first 3 months, you get a 50% discount on the base fee, so you pay:
The price is adjusted accordingly after the discount period of 3 months.