Use QuickBooks to manage your payroll
QuickBooks payroll features allow you to track employee information, hours,
and compensation. deluxe payroll, payroll, options for managing, QuickBooks Payroll, . When it's time to write paychecks and pay payroll
taxes, you have several options:
QuickBooks Standard or Enhanced Payroll: Provides you with the latest tax tables and tax forms, allowing QuickBooks to do your calculations for you.
QuickBooks Assisted Payroll: Gives you all the benefits of Standard or Enhanced Payroll, while also having the payroll service prepare and file many of your tax forms for you.
Subscribe to QuickBooks Payroll
QuickBooks Payroll is offered on a subscription-basis (rather than a one-time purchase) because it's a service that provides a tax table each time the federal government, or the state or local governments covered by the subscription, enact any changes that affect payroll taxes.
An ongoing subscription enables you to get the latest payroll tax updates as they become available—simply download the information when you get updates from the service. deluxe payroll, payroll, options for managing, QuickBooks Payroll, . To help ensure compliance with changing payroll tax withholding regulations, we strongly recommend that you maintain an active payroll subscription.
Tasks you can perform when you have a subscription to one of the QuickBooks
Payroll services
With your service, you can do the following tasks
Calculate wages for each pay period.
Calculate hours worked, year-to-date totals for all employees, and show this information on payroll reports.
Calculate amounts for Forms W-2 and W-3, and print on preprinted forms.
Calculate federal, state, and selected local taxes for the United States, including the District of Columbia and Puerto Rico. deluxe payroll, payroll, options for managing, QuickBooks Payroll, . (Requires a subscription to either QuickBooks Basic, Standard, Enhanced, or Assisted Payroll.)
QuickBooks doesn't calculate taxes for Guam, the Virgin Islands, American Samoa, or Canada.
Prepare and print federal payroll tax Forms 940, 941, and Schedule B (Form 941).
Note: Forms are not available with a Basic Payroll subscription.
For Assisted Payroll subscribers: Assisted Payroll prepares and files these
forms on your behalf.
Observe wage base limits for taxes. deluxe payroll, payroll, options for managing, QuickBooks Payroll, . (Requires a subscription to either QuickBooks Basic, Standard, Enhanced, or Assisted Payroll.)
Handle all kinds of compensation: salary, hourly (including overtime),
commission, or a combination.
Track sick or vacation time.
Track Advance EIC payments, company loan repayments, 401k deductions,
tips, union dues, bonuses, car expenses, and many other nonstandard payroll
items.
Use time data or allow you to specify hours worked for each job and class to
allocate payroll expenses.
Track your company's liability to the government, insurance companies,
and other agencies.
Observe annual limits you set for deductions and company-paid benefits.
Record employee details such as pay and commission rates, Social Security
number, and tax exemptions.
Create your paychecks with earnings, deductions, and year-to-date detail
provided on the voucher (if you use voucher checks), or on a separate pay stub
that is automatically created and can be printed for your employees.
Pay employees on a daily, weekly, biweekly, semimonthly, monthly, quarterly,
or yearly basis.
Allow you to specify extra taxes or deductions in addition to the standard
federal and state taxes, and apply them to employees.
Create checks to pay your company's payroll liabilities. deluxe payroll, payroll, options for managing, QuickBooks Payroll, . For Assisted
Payroll customers: Assisted Payroll makes these payments for you.
See also