Intuit has come up with a Payroll Services solution suite that is intended to provide sophisticated payroll tools to accountants and bookkeepers of small and medium-sized businesses. Simple tools that powerfully manage the payroll system of the organization with the least number of errors. With this software in hand, you can design, customize, and print unlimited paychecks, file & pay payroll taxes on time electronically, and avoid any brush with tax penalties.
What is the Difference between Intuit Basic Payroll, Enhanced Payroll, and Full Service Payroll
Intuit Basic payroll
Intuit Basic Payroll was incepted to provide bookkeepers and accountants a way to handle basic payroll activities like managing salaries and incentives of employees, and time maintenance of the employees. The software itself performs all the calculations required which ensures that the result is accurate without any manual interaction required.
Users can rely on the software to provide authentic calculations of the salary and incentives and later transfer them to employees through paychecks, pay cards, or Direct Deposit options. For calculation of the salary all the user has to do is fill in the number of hours worked by the employee. The best part is that this record of hours is also maintained by Intuit Basic Payroll.
The software is ingrained to follow proper procedures to maintain bonuses, commissions, overtime, and incentives for all employees to calculate the correct amount of salary that needs to be transferred to the account. The software will calculate the right amount of salary after adding incentives and deducting taxes. In the end, all the user has to do is either print the paychecks or pay via pay cards and the Direct Deposit option.
Some of the advantages offered by the software are listed below
- Swift Connection with QuickBooks software
- Pay Salary via Pay Checks, Pay Cards, and Direct Deposits
- Easy Management of Paychecks – Only need to Enter Hours Worked
- Payroll Expertise at your Fingertips
- Calculate Tax easily with an automatic tax calculator
- Includes additional employer services such as TSheets time tracking, Pay-as-you-go workers’ compensation, and Automatic labor law posters.
Intuit Enhanced Payroll
Intuit Enhanced Payroll is one step ahead of Intuit Basic Payroll. This software accords bookkeepers and accountants of small businesses with a crafty way of managing the organization’s payroll system and payroll taxes. Its skyrocketing popularity is a result of an interactive dashboard along with easy-to-implement tools and powerful features.
Apart from benefits such as Intuit Basic Payroll, the software provides further two benefits which are:
- Pay easily W-2 employee and 1099 contractor
- It includes free direct deposit and automatic tax calculator
- Can print W-2s & forms for employees
- Free Payroll support at your fingertips
- E-filing of W-2s at the end of each year
- Also provides access to other imperative forms of payroll taxes.
- As well as also includes additional employer services such as TSheets time tracking, Pay-as-you-go workers’ compensation, and Automatic labor law posters.
Read More: Print W2 In QuickBooks Online
Intuit Full Service Payroll
Full-Service Payroll is by far the most advanced payroll software and is also amongst the most sought-after ones. Intuit has designed the software quite innovatively by combining the intuitive interface with powerful and innovative tools that can be easily used by both novice and professional payroll users.
Swift navigation connecting different tabs and menus makes for a lively and interactive experience for the user. Impeccable features accorded with Intuit Full Service Payroll apart from those mentioned with Intuit Basic and Enhanced Payroll Software:
- Filing and payment are done by the Intuit payroll experts.
- Free from Tax Penalty.
- The payroll system is set up by the experts of Intuit.
- Year-end forms required to be filed are provided freely.
- Get a Personal HR advisor
- Can make payment with Same-day direct deposit.
Read More: Setup Direct Deposit in QuickBooks
When compared, the popularity of Intuit Enhanced Payroll is much more than Basic and Full Service despite Full Service Payroll having maximum tools & features and Intuit Basic Payroll being the least priced of all three. All three software are designed keeping specific payroll requirements in mind and will suit accordingly only.
FAQs
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What is Intuit Basic Payroll?
It is a basic Payroll designed by Intuit for the business, requiring creating paychecks, direct deposit sending, and payroll tax calculation. It becomes the best accounting solution for the business-owning their payroll tax forms to remit payroll taxes.
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I want to outsource my Payroll. Can QuickBooks Full-Service payroll suit?
QuickBooks Desktop Full Service payroll offers a full-service payroll service to small organizations that need payroll outsourcing. They can record employees’ working hours, and prepare paychecks, payroll tax forms, and direct deposits. They can file payroll tax returns perfectly, on time, without errors and penalties.
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What are the factors you need to consider when selecting Intuit Payroll?
Cost, features, user-friendly, customer support, reviews, and Penalty Guarantees
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Write the advantages of Intuit Enhanced Payroll.
💠 Ease of paying W-2 Employee and 1099 Contractor
💠 E-fillings of W-2 at the end of a year
💠 Free customer support
💠 Automatic Tax calculator, labor law posters & free direct deposit -
Is there a tax penalty in Intuit Full Service Payroll?
No, Intuit’s full-service Payroll is free of a tax penalty.
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What are the benefits of Intuit’s basic Payroll?
💠 Swift connection
💠 Salary payment via pay cards, Direct Deposits, and Paychecks
💠 Paycheck management only requires entering working hours
💠 Ease of Tax calculations
💠 It contains extra services like Tsheets time tracking, automatic labor law posters, etc.
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