With QuickBooks Payroll, users can not only manage employees and file taxes but also directly deposit salary into the account of their employees. This simplifies workflow for many small businesses which do not have the funds to hire a lot of accountants and HRs. You can easily store PIIs (Personally Identifiable Information) of your employees such as account number, social security number, address and so on. Data is encrypted with SSL certificates using SHA2 hash algorithm.
Since, security isn’t an issue, you can easily pay your employees on time. This is how simple it is to run payroll with QuickBooks Direct Deposit Payroll service provided by Intuit:
- Enter data such as name and account number of your Employees
- Enter hours completed along with any deductions
- Select the day on which you want to run the payroll
- Either run the payroll on that particular day or schedule it in advance
As soon as the payroll runs, money will be deposited into the account of each and every selected employee. The best part about this service is that you can schedule payment up to 45 days in advance.
If you consider purchasing Intuit Payroll but have not compared the alternative Accounting & Finance Software provided by competitors, it definitely a good idea that you do. With just a moment of your time used on considering the Intuit Payroll alternatives you will quickly get a complete overview of other programs by simply analyzing their vital functionalities and pricing plans. comprehensive review and comparison system allows you to simplify this approach so you can decide which product to buy based on detailed information, not guesswork. Signing up for a plan is a long-term investment and it begins with locating the most suitable software.
Our team of experts have evaluated Intuit Payroll with a total rating of 8.8/10 after a series of thorough tests. Actual users of Intuit Payroll have an average satisfaction rating with the product at 96% which reflects their opinion about this service. If you spend some time comparing other Intuit Payroll alternatives you will definitely find other programs with similar or possibly higher ratings.
And this isn’t it. QuickBooks Direct Deposit payroll service does much more to simplify your workflow. With the payment data, you can easily fill out all employee related tax forms such as 1099s and W2s. You can purchase these forms directly from QB Payroll. Intuit provides envelopes along with tax forms. You can then choose to take a printout of all the forms or submit the forms online. Hence, you can easily prepare taxes and pay them electronically with QuickBooks Direct Deposit payroll service.
Which form to select W2 or 1099?
For independent contractors, you need to fill out the 1099 forms. For employees you must fill out the W-2 forms.
Can i directly deposit money into contractors and employee’s accounts?
Yes. As soon as you run the payroll, a paycheck for the calculated amount is deposited into the account of the selected employees and contractors. Salary is calculated on the basis of wage rate and calculated hours. You can include additional information such as deductions for making your books more informative.
Can i schedule payroll in advance?
Yes. This is one of the best features of QuickBooks direct deposit payroll service. You can schedule the payment 45 days in advance.