Intuit quickbooks desktop payroll options

Reporting and other payments: Finally, you must file reports and send payments to each entity that required a withholding amount.Payments: You need a process to pay each worker, and those payments may be electronic or by check, depending on the employeeвЂ™s preference.Gross pay, less all of the deductions, equals the net pay for an employee. Calculating net pay: Each payroll period, you need a system that takes SallyвЂ™s gross pay and subtracts her tax withholdings (federal and state), and deducts amounts related to company benefits, such as SallyвЂ™s contribution into a retirement plan.You must document her gross pay and the benefits she is eligible to receive. Collect information: You need to collect data from Sally, including her Social Security number, tax withholding preferences and other information.

Assume, for example, that youвЂ™re just hired Sally as a new employee. To determine how you will manage payroll, consider the steps a small business must take to complete the process. Here are some options for managing small business payroll. Consider hiring an accountant, to help you make an informed decision. You need to decide how much of the process youвЂ™ll perform yourself, and the amount of work you might delegate to an outside payroll expert. Now that youвЂ™ve started using the software, itвЂ™s a great time to take advantage of the QuickBooks payroll features.

Once you set up the payroll functionality, youвЂ™ll find that QuickBooks saves you hours of time. QuickBooks provides all of the tools you need to gather employee information, calculate payroll, and process payments.

Intuit quickbooks desktop payroll options