A Guide on the Importance of QuickBooks Payroll

Discover the importance of QuickBooks Payroll for accurate tax filing, timely paychecks, and efficient payroll management.

QuickBooks Payroll is one of the services Intuit offers to its users. It simplifies and automates countless operations and activities such as employee salary payments, tax calculation, direct deposits, and filing tax forms. To take advantage of this functionality, you must have a payroll subscription that might differ according to the size of your business. For instance, payroll subscription includes basic payroll, enhanced payroll, and assisted payroll. Later in the blog, we will elaborate more on the kinds of payroll, the differences among them, the advantages of payroll, and a method to activate the payroll in QuickBooks. 

It is clear that this blog is all about the importance of QuickBooks payroll, which means it is full of advantageous features. Even if this is true, like all other software, it might also run into certain issues, like QuickBooks Error 15276. Let’s read this blog to the end and get some useful insights.

If you are new or want to learn about QuickBooks payroll, this blog is enough to guide you through it. If you want to get personal assistance with this, dial 1.855.738.2784 to get connected.

Differences Among Basic, Enhanced, and Assisted Payroll

This part of the guide will help you understand each payroll type in detail and how they differ from each other based on features:

Basic payroll: This tool improves payroll efficiency by simplifying payroll tasks, automating salary, deduction, and tax calculations, ensuring tax compliance, and further enabling direct deposit. It also helps to make an accurate report, facilitate record-keeping, and provide financial insights.

Enhanced payroll: This tool is equipped with advanced features and thus makes it different from basic payroll. For instance, it provides accurate paycheck and tax calculations, direct deposit, and e-filing of tax forms. It also offers easy tracking of employee hours, customizable pay schedules, and supports compliance with labor laws and state-specific tax forms.

Assisted payroll: This tool is now an advanced version of enhanced payroll that consists of features like tax calculations, year-end tax form generation, direct deposit or cheque payments, and timely tax deadline reminders. It integrates with QB Desktop and simplifies tracking and reporting payroll expenses. Additionally, it also provides expert support that no other payroll offers.

Comparison Among Basic, Enhanced, and Assisted Payroll

Under this, you will know the different features of the types of payroll and what they offer, and what they do not:

A Method to Activate QuickBooks Payroll

Below, you are given a set of steps that you can use to set up payroll in QuickBooks. Let’s have a look at this:

1. Open your QuickBooks Desktop company file. 
2. Click on the Employees option.
3. Tap Payroll. 
4. Choose the Enter Payroll Service Key option. 
5. Pick Add.
   Note: If a payroll service key has been registered before, pick the Edit option. Delete the payroll service key listed there. 
6. Type your Service key.
7. Click Next.
8. Click Finish. 
9. Click OK if a payroll update message appears on the screen. 
10. Payroll service status must be active.
11. Click OK.

In a nutshell

Lastly, after having an overview of this blog, you must have understood the importance of QuickBooks payroll and how it serves you in simplifying and streamlining tasks. We hope this helped you understand payroll elaborately.

You may also read: QuickBooks Error 6000 83, How to Fix it?

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