How to Use QuickBooks Software with Payroll service?
QuickBooks is an accounting software, it allows the business of all sizes to handle payroll related issues. Once set is complete then maintaining payroll with the program in our business Quick. It is simple to do QuickBooks Payroll.
It calculates the Each employees gross pay into the company. You can write the paycheck record the transaction in your QuickBooks checking account. And keeps track of your tax liabilities, and pay them on the payroll working.
QuickBooks Payroll Services is the simple resolution for your payroll and provides you sufficient time to spend your valuable time on your business. you can do all this to ease the processes of your business and maintain your business with the most accuracy.
QuickBooks Payroll helps to paychecks and calculate all e-taxes and e-payments in a systematic way.
Intuit designed an accounting service named as QuickBooks Payroll. It is a service which you activate to enable payroll features in your QuickBooks Desktop Software. Features you can choose from are Basic, Enhanced or Assisted Payroll. It is basically preferred by small and medium scale businesses.
QuickBooks keeps all your accounting information and runs payroll for you. It is made to save your time running payroll right inside QuickBooks Desktop. It has both clouds as well as on-premises and it has several variations including Enterprise, Accountant, Pro, and Premier.
Using QuickBooks payroll service in QuickBooks, First, you need to figure out how to get them paid, and after that, you hire your first employee and checking the basic payroll requirements in company file. We are using the three-way to approaching the payroll processing- First Do payroll yourself, use payroll services like Square Payroll and hire accountants.
The process to setup QuickBooks Payroll service:
Step 1: Have all employees complete a W-4
Step 2: Finding and sign up the Employee Identification
Step 3: Choose your Payroll schedule
Step 4: Calculate and withhold income taxes
Step 5: Pay taxes
Step 6: File tax forms & employee W-2s
Features of QuickBooks payroll service:
- Payroll updates
- Create paychecks
- Direct deposit for employees
- Direct deposit for 1099 contractors
- Federal forms
- State forms
- E-file and E-pay etc.
For Additional information: https://www.wizxpert.com/faq/set-up-payroll/