QuickBooks Payroll Reviews and Features
The Best QuickBooks Payroll Version for Your Needs
Deciding on which QuickBooks Payroll option is suitable for your business is not always an easy task. Fortunately, Intuit offers three major online Payroll options making it a bit easier for you to choose the one that’s most suitable for your needs. The Intuit online payroll is internet-based and completely removed from your Quick Books desktop company data. It goes without mentioning that if you have employees, then you must pay them. However, as mentioned, determining which QuickBooks Payroll option is the right solution for your business is a different story. Below, we provide you with QuickBooks payroll 2020 online options available and a summary of the features you stand to enjoy for each option. Note that even with the online version, you’ll still enjoy Support for QuickBooks payroll. Anyway, let’s get started.
QuickBooks Online Payroll
This is internet-based and completely removed from your QuickBooks desktop business data file. QuickBooks Online Payroll comes in several versions to provide you with a variety to choose from depending on your business needs and budget. They are as follows:
This QuickBooks Payroll option is the basic one and recommended for starters. With this option, you’ll be able to keep a track of income and expenses, maximize tax deductions, capture and organize receipts, manage invoices, and accept payments and run general reports. The plan also enables you to track miles, track sales and sales tax, send estimates, and handle 1099 contracts. Intuit is currently offering a 50% discount and you’ll only need to pay $12 per month.
After the Simple Start, Essentials is the next online-based QuickBooks payroll. With this option, you’ll enjoy all the features of the Simple Start plus others that will make you accounting tasks better, including the ability to manage your bills and keep a track of time. Additionally, this option provides for multi-user functionality. It can be used by up to three QuickBooks users. With the current 50% off discount, you’ll only pay $20 per month for this option.
Plus QuickBooks Payroll online is the next online option above Essentials. It’s a great QuickBooks Payroll edition if you want to enjoy more advanced features and still take care of your budget. With the option, you’ll enjoy all other features of Simple Start and Essentials as well as the ability to track your project profitability and inventory. The multi-user feature for this option allows for up to five users. With the current 50% off on the cost, you’ll only pay $35 per month.
If your business is a little bigger and you’re looking for QuickBooks Payroll update with more advanced features, then this edition will be the best for you. With the option, you have all the features for Plus and on top of that, others will take you accounting and bookkeeping needs to another level. These features include business analytics and insights, customizable access by the roll, bitch import and send, dedicated account manager, ability to restore business data, on-demand online training, and ability to automate workflows. Moreover, this option allows you to manage and pay bills. The best part is that its multi-user feature allows up to 25 users. Thanks to the 50% discount, you will pay $75 per month.
QuickBooks Payroll Online for Freelancers – Self-Employed
If you’re a freelancer, you’ll also appreciate that Intuit has also taken care of you by providing a QuickBooks Payroll option that is very budget-friendly. QuickBooks Self-Employed allows you to track income and expenses, estimate quarterly taxes, capture and organize receipts, track miles, invoice, and accept payments, as well as run basic reports. With the current 50% off on the cost, you’ll only pay $7 per month.
QuickBooks Desktop Payroll
QuickBooks Desktop Payroll comes in three options, including Basic Payroll, Enhanced Payroll, and Assisted Payroll.
With the Basic Payroll, all of your payroll data lives in your QuickBooks file, which is very critical if you want good job coasting. This option comes with a range of features including Easy paycheck, ability to track time integration, and Pay W-2s and 1099s. Additionally, it comes with free employee Direct Deposit feature, free support for QuickBooks Payroll, and workforce portal. The discounted amount for this plan is $23.20 + $2 per employee per month.
QuickBooks Enhanced Payroll
This is the next QuickBooks Desktop Payroll option after Basic Payroll. QuickBooks Enhanced Payroll, all of your payroll data lives in your QuickBooks files, which is also very important if you want good job costing without duplicate data entry. Moreover, you’ll enjoy extra features on top of the ones available with the Basic Payroll. You’ll be able to electronically file W-2s at the end of the year and print the W-2s for employees. Additionally, you have access to Federal and State tax forms and free payroll tax –File and e-Pay. The discounted cost for QuickBooks Enhanced Payroll is $36 + $2 per employee per month .
This is the last and most advanced QuickBooks Desktop Payroll online. The option offers the best of both of the above options and includes the convenience of having your entire payroll data living in your QuickBooks Company file while having the Intuit Company responsible for paying your taxes and filing your tax returns, including W-2s. Other features of this option include job costing and class tracking. You’ll also be able to enjoy the convenience of Intuit filing and paying taxes for you and payroll installation support from experts. Additionally, you’ll not need to worry about tax penalties. Assisted Payroll supports up to 250 employees. The discounted amount for this option is $54.50 + $2 per paycheck per month.
Online payroll software can make payroll days go smoother and faster. Owning your own software indeed comes with a lot of advantages. However, maintaining that software isn’t easy either. Fortunately, the QuickBooks Payroll online can be the best solution for you because it will eliminate a lot of waste of time and resources and allow you to spend more time on other productive work. As you have seen above, the online option of QuickBooks payroll comes with a variety of other versions to choose from depending on your budget and business need. Never the less, if your business is big enough, the desktop version can work better for you. But if it’s still not big enough, the online version will help you eliminate a lot of hassles.