Are you an owner of a small business looking for a new payroll provider? Then, you would want to read this Intuit QuickBooks Payroll Review. QuickBooks is a very popular business solution. Today, we will would like to help you decide if their payroll service is something that would meet your business needs or if you should look elsewhere.
This service is made specifically for small businesses and comes with an impressive list of features. Intuit It provides a way for them to pay their employees easily, on time, and without much hassle. Running payroll is fairly straightforward and reduces manual work to a minimum. Although this service has some downsides, most clients find that the benefits are worth it.
Pros
- Trustworthiness and reliability
- Integrates with other QuickBooks services
- Online access
- T-Sheets integration
- Accurate taxes and protection for tax penalty feature
- Unlimited payroll runs in every state
- Impressive, detailed reports
- Great ease of use, navigation, and data entry flow
- Numerous online tutorials and other resources
Cons
- Regularly increasing cost to use the service
- Customer service
- App
Features
- Payroll
What attracts many to QuickBooks Payroll is an ability to run payroll in every state as well as an option to automize the payroll process. Moreover, you can run payroll as often as you like and there will be no additional charges if using an online version of this product. Besides being able to pay part and full-time employees of your business, you can also have your independent workers paid with the help of Intuit QuickBooks Payroll.
- Payment
One of the important features we would like to bring up in this Intuit QuickBooks Payroll Review is the ability to use next-day or even same-day (with more advanced plans) direct deposits. Not only does this keep cash in your business flow for as long as possible, but also ensures that your employees get paid on time every time. Of course, you can also choose to pay your employees with our personal or business check or print checks on blank or preprinted check stock.
- Taxes
Running a payroll involves taking your employees’ gross pay and subtracting taxes, withholdings, and deductions. For independent contractors, you would give them a check and issue 1099 at the end of the year. If you do something wrong when running the payroll, you will end up owing a lot of taxes and penalties. With QuickBooks Payroll, clients get automated tax calculations for every paycheck, as well as federal and state tax filings and payments at the end of the year. With the most advanced plan, a tax penalty protection feature is also included.
- Additions
There are numerous services that can be tied to the basic Intuit QuickBooks Payroll Service as you upgrade to a more advanced payroll plan. These include HR service where you can receive help from an HR advisor and access other resources, worker’s compensation, 401k plans, as well as an affordable health benefits package for your employees. Clients can always upgrade or downgrade based on their needs.
- Free Payroll Tools and Multiple Help Resources
In addition to all the features available under the plan you choose, you can have access to free tools that you and your employees can find useful as you do the payroll. These include a payroll glossary for you to look up any unfamiliar terms and concepts and a paycheck calculator that takes into account all the factors, such as overtime, taxes, and more. You can also lookup current tax rates and laws related to payroll for any state you desire. Being a recognized company, there are numerous free tutorials and other resources that users can use to make their user experience better and be able to use the service at its full potential.
Pricing
QuickBooks Payroll pricing comes in three different tiers. You pay a base price to use the software and a per-employee, per-month fee on top of that. You pay this fee only for currently active employees and for independent contractors you paid in the month you are looking at.
Features vary depending on which option you go for. You can easily look up what is included under each plan on the Inuit’s official website. In this Intuit QuickBooks Payroll Review, we are just going to mention features that come with all plans.
- Unlimited and automatic payroll
- Ability to use in any US state
- Tax calculations for payroll
- Deductions
- Health benefits.
Limitations
Although there are very support resources available for users, in our Intuit QuickBooks Payroll Review we would like to note that there is no dedicated phone line as of right now for QuickBooks Payroll. Customers actually have to put in a request and wait for some time to have the customer support call you back. So, if something goes wrong, you would need to search for the answer yourself on their support page, watch video tutorials, or ask the community or contact the support and wait for the answer.
Another downside of QuickBooks Payroll Services is the cost of this service in comparison to other payroll solutions available on the market. Although more expensive than some other solutions, QuickBooks does run promotions on its service from time to time, so it is a good idea to check.
Finally, although this solution has an app for both operating systems, it is relatively limited in comparison to what the competitors have to offer. Nonetheless, you can still enter hours right from your phone and run the payroll. There is also the ability to view payroll history, which payroll payments still need to be or will be processed, and see taxes and payments that are already processed.