Quickbooks Payroll Support
Quickbooks Payroll Support
Quickbooks Payroll Support
QuickBooks Payroll can also assist with job costing. The software can also help to prepare payroll taxes. Preparing these taxes is an important job as it is easy to make mistakes. This includes wrong calculations, incorrect tax filings, remembering local and state taxes, and having to meet tight deadlines.
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Quickbooks Payroll Support
Quickbooks Payroll Support
Intuit QuickBooks Desktop Payroll Assisted will split your payroll taxes, direct deposits, and fees into two debits per payroll. Your bank may reject one or both debits if your account doesn't have enough funds to cover the amounts. If your bank rejects one or both debits, Intuit will only charge the $100 NSF fee once.
Benefits of Quickbooks Payroll Support
QuickBooks Payroll is designed to simplify your payroll processing and automate the related tasks. Below are the benefits offered by it.
1. Process Payroll
The time invested and hard work done pays off every time the payday comes. QuickBooks Payroll keeps the burden of remembering the payday away and reminds you when it's time. The process is simple – you need to click through a series of screens.
If your company is not into job costing, you’ll just have to enter the number of working hours. However, QuickBooks Payroll can help you with job costing as well.
2. Prepare Payroll Taxes
Preparing payroll taxes has to be done with great responsibility. It includes everything that can go wrong, including incorrect calculations, tax filing to the IRS, tight deadlines, local and state taxes, and much more. To solve such problems, QuickBooks Payroll offers three levels of payroll tax support.
In the Basic version, you’ll get guidance from Intuit but will have to prepare your tax documents by yourself. In the Enhanced version, state and federal forms will be completed automatically. Full service includes automatic tax calculation, filing, and payment.
3. Organize Employee Information
Every business owner and accounting professional is aware of the huge pile of paperwork that has to be filled by new joiners. QuickBooks Payroll helps you gather all the relevant information that’s required for your organization and taxing authorities.
4. Track Company Benefits
General benefits like health insurance and sick leaves can attract future employees and result in job satisfaction for current employees. How attractive such benefits may sound, managing, and tracking them is a complicated task.
QuickBooks Payroll includes a simple wizard that lets you manage and track the company benefits. You can define all of them – add a bonus amount, withhold pay (if necessary), or process timely payment.
Some of the benefits include contributions towards:
- Paid leaves
- Retirement
- Health insurance
5. Assign Each Employee’s Payroll to Jobs
Assign each employee’s payroll to jobs and job tasks with QuickBooks Payroll. This will help you generate job cost reports that reflect employee labor costs. You can use QuickBooks Time (which is integrated with QuickBooks) to track and enter the time information, and eventually create paychecks. You can also enter the details of employees’ tasks into QuickBooks Payroll directly.
You can then transfer the amount directly into the bank accounts of the employees or print physical paychecks.
