In the previous article, I did a QuickBooks Tutorial; Explaining How To Use QuickBooks to Improve Your Business Growth.
What is QuickBooks?
With QuickBooks, you can easily invoice customers, pay bills, generate reports, and prepare taxes, payroll and so many related business activities that will improve your business efficiency.
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3 Important Things You Need to Know About QuickBooks Payroll
Just as I have said earlier, QuickBooks is one of the best payroll software you can find today for your business/company's payroll management.
If you are searching for a more reliable and easy to use payroll software, QuickBooks is one solution you can trust.
Quickly, let take a look at the 3 important things you need to know before using QuickBooks.
- QuickBooks is not just for Payrolls only, it is also a full accounting management software that you can use to manage your business/company's finances, taxes, etc. You can easily manage all your income and expenses in an organized manner.
- QuickBooks also has features that will help you to easily manage your team (employees). You can easily track work progress and make accurate sales estimates, cash flow, workflow automation, etc.
- QuickBooks provides you with Tax penalty protection. Even if you do not have an accountant or accounting experience, QuickBooks will assign you a dedicated account team to help you stay ahead in your finances and tax management.
Benefits of QuickBooks Payroll
QuickBooks Payroll will help you and your company by making your payroll processing a lot easier. It will also help to automate certain related tasks.
Here are some of the benefits of using QuickBooks payroll software:
#1. Payroll Automation and Accounting
QuickBooks Payroll can reduce the effort needed to remember when their payday is, and instead remind you when the date is nearing.
All you need to do is continue clicking at certain screens on the software. QuickBooks Payroll can also assist with job costing.
#2. Payroll Taxes
The software can also help to prepare payroll taxes. Preparing these taxes is an important job as it is easy to make mistakes.
This includes wrong calculations, incorrect tax filings, remembering local and state taxes, and having to meet tight deadlines.
QuickBooks Payroll offers a lot of payroll tax support. You will be able to get guidance from Intuit in the basic version, but will ultimately have to prepare the documents on your own.
In the enhanced version, the software can help you to fill in state and federal forms. If you opt for the full service, the tax calculation, filing, and payment process will be automated.
#3. Employee Profile Management
QuickBooks payroll software can help to categorize and organize employee information, which gathers the information required by both the taxing authorities and the organization.
It can also help to track general company benefits such as sick leaves and health insurance. This reduces the manpower needed for this tedious admin duty.
#4. Employee Work Progress
With QuickBooks payroll, you will also be able to assign employees' payrolls to respective job tasks or jobs.
This makes generating job costs reports a lot easier. Details of the task can also be keyed into QuickBooks Payroll.
The amount can then be directly transferred into employees' bank accounts.
#5. Employee Management and Regulations
QuickBooks Payroll helps to make managing employees a lot easier.
As long as you provide accurate information, the software can help you settle a lot of things.
Frequently Asked Questions
Now that you have learned about the 3 essential things you need to know about QuickBooks Payroll; it's time to take action and grow your business/company.
QuickBooks is offering you a 30% discount when you sign up with the button/link below.
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