QuickBooks Desktop Payroll

QuickBooks Desktop Payroll is a software tool that is designed for managing business. It offer a place to manage your business and works inside your QuickBooks accounting software. You can easily use and manage this software. You can see your business performance, and it syncs with your accounts automatically. It is associated with subscription services.

QuickBooks Desktop Payroll system has gained the trust of over one million small businesses. It helps in managing everything that is related to payroll, calculating wages, managing taxes, etc. It keeps you updated with the latest tab forms, tables, and different regulatory changes that affect payroll.

Key Features of QuickBooks Desktop Payroll

Here are the key features of QuickBooks Desktop Payroll:

• Direct Deposit: You can pay directly to your employees accounts without any extra payment.
• Unlimited Employees: As per your business requirements, it handles several employees without any restriction.
• Automatic Tax Calculations: It can immediately calculate payroll taxes with built-in precision.
• E-filing Options: It is used for simple compliance and has options like 1099s,  File W-2s, and payroll tax forms.
• Customizable Reporting: It can initiate complete reports on tax accountability, payroll fees and employee payroll.

Benefits of QuickBooks Desktop Payroll Software

There are various types of Benefits of QuickBooks Desktop Payroll Software including are:

Unlimited Employee Management

QuickBooks Desktop Payroll provides unlimited employee management means that you can add many employees without any extra cost or limitations. It does not include additional payroll processing fees for individuals.

Free Direct Deposit

You can pay directly to your employees bank account without any additional fees. It saves from paper check issuing problems by ensuring faster and more secure transactions.

Automatic Payroll Tax Calculations and Filings

QB software calculates the local taxes and the federal taxes. It automatically pays payroll taxes in QuickBooks. It also manages filing forms such as 1099s, W-2s, and reduces the risk of financial mistakes.

E-Filing W-2s and Other Tax Forms

This desktop payroll clarifies tax reporting at the end of the year through giving permission to electronically file and other forms. It also reprints W-2s forms in quickbooks. It guarantees adherence timelines with state and federal for different tasks such as filling taxes, requirements for reporting, and many regulations.

Integration with QuickBooks Desktop

QuickBooks Desktop easily integrates with the QuickBooks Desktop enhanced payroll software. It enables tracking of the payroll and reports in the software tool. This feature combines with third party softwares. It also offers accurate time monitoring for field service teams and construction.

It also offers different additional features which are:

• HMRC submissions
• Payslips
• CIS
• Easy pensions
• Statutory payments

QuickBooks Desktop Payroll Plans

QuickBooks Desktop Payroll has three types of plans, which are:

Sole Trader – 

This QuickBooks Desktop Payroll Plan has many features that can be used by sole traders and individual property owners. Who needs to prepare self assessment. It is for those individual traders who are not registered for VAT (Value Added Tax).

Simple Start –

This plan is used to manage VAT (Value Added Tax) for individual traders or small businesses. It includes income tax and arranges self-assessment. It has a various additional features than the sole trader plan.

Essentials –

QuickBooks Desktop Payroll Essentials plan is for small businesses who are employed with suppliers.This software solution plan handles Value Added Tax (VAT) and Income Tax. It has several additional features than the simple start plan.

QuickBooks Desktop Payroll Management Steps

QB Desktop Payroll can be managed with three simple steps:

• Pay Employees: When you enter time in QuickBooks Desktop Payroll. It does all the tasks of payroll such as payroll taxes, earnings and deductions.
• Pay Payroll Taxes: It has an option to pay your taxes by clicking on e-pay. It reminds when to pay and computes payroll taxes.  This tool monitors payroll taxes and other payroll related accountability.
• File Payroll Tax Forms: Just clicking to e-file in your forms, it automatically fills in federal and state payroll tax forms for you.

QuickBooks Desktop Payroll Solutions for Business

QuickBooks offers two solutions that can manage your business payroll in a suitable way.

Core Payroll – 

This desktop payroll solution is ideal for businesses with only directors and small employers who are seeking speed and ease. It offers many features which including are:

• Create payslips
• HMRC-identified
• Calculate statutory maternity, paternity, and sick pay
• Pay employees weekly or monthly

Advanced Payroll – 

The Advanced Payroll solution is for employers who require functionalities of HR and detailed examination of customisable reports. Its features include are:

• Automatic pay runs
• Time tracking sheets
• Employee portal & HR features
• Calculates 5 statutory payments
• Everything in Core Payroll
• Select any payroll frequency
• Automatic pension submissions to 5 pension providers