QuickBooks Payroll: What are the Benefits For Business

If you ask accountants of companies that which is the thing that gives them trouble while maintaining accounts, most of them will say payroll. Payroll is always been a troublesome topic because it means paying employees. It not only requires precision but also you have to deal it with accuracy with multiple taxing agencies, including the IRS. Read here the most Benefits Of QuickBooks Payroll:

Intuit designed QuickBooks Payroll which enhances your understanding of the entire payroll process. It is so dynamically built that even an amateur can do payroll. It reduces your expenditure by decreasing the no. of professionals in accountants. With the help of QuickBooks Full Service Payroll, you can leave your payroll done by QB with full accuracy and on-time work.

Benefits Of QuickBooks Payroll

Although QB covers a large number of good qualities which helps the small and large scale businesses in running their payroll. But here we discuss some of the major benefits which you get when you use it.

It Prepares and Submits Payroll Taxes

QB manually prepare reports and submit the correct amounts to the correct agencies. It is possible that a professional can do incorrect calculations, miss deadlines and penalties from various taxing agencies for recurring responsibilities that include FUTA & SUTA, Medicare tax, and FICA, as well as state and local taxes.

By QuickBooks Desktop Payroll you get payroll tax support. You can choose from a variety of services like as the filing of federal and state forms automatically and your taxes are electronically filed and paid. WIth this no need to worry about timely filings and late payment penalties. It assures you to do it on time.

It keeps Employees information Safe & Organised

You must be aware of this stressful activity which is keeping the whole information of your employees. It consumes lots of hours to maintain this record and after that run payroll for the employees. QB maintains all your employee’s information at one place. And by just entering the hours the payroll of the employees is done without any delay. You know that if you use QuickBooks Payroll you save around 15 hours of work in a month. And you can put this in other things.

It Tracks and Administers Company Benefits & Worker’s Compensation Insurance

If you use QB it definitely contributes to the generating profit for which any company works. If this thing goes right it attracts potential hires and contributes to overall job satisfaction. QuickBooks Payroll setup tools use a simple wizard to walk you through the process of entering all of the details required to define them. And also to keep up with timely payments to outside agencies.

  • Employees receive detailed pay stubs that spell out contributions made toward:
  • Insurance (health, dental, life, Health Savings Account, etc.)
  • Retirement
  • Paid time off
  • Miscellaneous deductions (wage garnishment, union dues, charitable donations, etc.).

See also: How QuickBooks 2017 Makes it Easier To Run Our Business

It Assigns Employees’ Payroll & other necessary activities

QuickBooks initially enter information and then direct it to create the paychecks and job-cost assignments. You just have to enter the employees’ id or hours and it will run payroll for them. It is a very time-saving process. You can then choose to print paychecks on check stock to hand it over to employees.

It includes many things like payroll taxes, costs to jobs, job tasks, paychecks and pay stubs. If you want accurate job-cost reports and need to include employee payroll and related costs you can let this work done by QuickBooks Payroll Support Team.

It Processes Payroll Quickly & Accurately

QB assures their registered users that their payroll will be done with no-hassle delay and quickly. It also assures that the work will be done accurately. It also reminds you when it’s to pay employees and provides you with a clear, simple series of screens for running payroll. If you want to track job costs and tasks, you can do that as well.

QuickBooks Customer Support

If you have any problem regarding Payroll services just contact to QuickBooks Enterprise Support Team to get it sorted or you can call on toll-free no. +1-855-441-4417 to speak with Proadvisors certified from Intuit or technical experts who deal with all type of issues of QB Payroll.

Read more…


Leave a Reply