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Understanding QuickBooks Enhanced Payroll for Accountants

thefeednewz by thefeednewz
April 15, 2022
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Handling payroll of a company is one hell of a task and it all falls on the shoulders of accountants. Every little detail needs to be taken care of before issuing paychecks to the employees. QuickBooks offers multiple features to ease this process and helps accountants in managing everything regarding Payrolls such as taxes associated with payrolls, tax details of every employee etc. In this article, we would try to understand one such service offered by QuickBooks which is QuickBooks Enhanced Payroll for Accountants. It is a payroll processing service available to QuickBooks Desktop subscribers.

If you want to know more about QuickBooks Enhanced Payroll for Accountants or need any assistance with respect to QuickBooks, feel free to call us at 1.855.738.2784

There are multiple Payroll service packages offered by QuickBooks for QuickBooks Desktop subscribers with varying costs and benefits attached to them. The starting package is QuickBooks Basic payroll package which costs $23/month, then the Enhanced package costs $45/month and the Full-service package costs $109/month.

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What is QuickBooks Enhanced Payroll for Accountants

It is a convenient Payroll service package offered by QuickBooks for QuickBooks Desktop users. It can be very useful in handling the tedious and clumsy task of issuing paychecks to employees. QuickBooks Enhanced payroll package can help you in multiple tasks related to processing of payroll such as direct deposition of the money to employees’ account. It also helps in taking care of tax forms related to payrolls and 1099 employees can be paid through one subscription.

In QuickBooks Desktop version, it is provided as do-it-yourself payroll option. You can yourself process the payrolls of your employees and file the taxes directly using QuickBooks Enhanced Payroll for accountants. It comes as a part of the subscription with QuickBooks Enterprise Platinum version. Otherwise, it costs a monthly rental of $45 for 1099 employees and then $2 per employee per month for extra employees.

Benefits of QuickBooks Enhanced Payroll

QuickBooks offers three different versions of payroll service packages. So, now we will try to understand how Enhanced payroll package can help you or in other words the benefits of QuickBooks Enhanced Payroll for accountants. Through its enhanced package, QuickBooks offers all the benefits of its Basic package along with some extra benefits such as Free Tax forms and E-filing facility through QuickBooks.

In the Enhanced Payroll plan tax forms are provided that can be easily filled by the accountant thus saving the effort of getting it from anywhere else. It also provides you the facility of e-filing of taxes through QuickBooks for Payrolls and that saves you time and effort to migrate to some other application for the same work or if it is done by some third party agent.

Why to choose QuickBooks Enhanced Payroll

QuickBooks Enhanced Payroll option can prove to be an excellent option for small companies or startups which run on a very tight budget as it is very economical and does a lot of work for you. Though QuickBooks also offers a full-service service package which automatically files the taxes, automatically processes the payroll and issues the paychecks by itself with minimum input from the accountant’s side but it costs $109 per month which may not be sustainable for small companies or startups.

But a little training on e-filing of taxes and processing of payrolls can make using Enhanced payroll very convenient and can save a lot of money for small companies which they then can spend on other essential activities.

Through this article, we tried to explain to you in detail about the QuickBooks Enhanced Payrolls for Accountants and also explained its benefit, its differences from other payroll plans offered by QuickBooks and if you should choose Enhanced plan for your company or not.

If you want to know more about QuickBooks Enhanced Payroll for Accountants or need any assistance with respect to QuickBooks feel free to call us at 1.855.738.2784

Tags: Accountants

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