cost for quickbooks payroll
cost for quickbooks payroll
QuickBooks is one of the most popular accounting software options for small businesses. It offers a variety of features, including payroll services. QuickBooks Payroll is designed to make payroll processing easier for businesses, by automating many of the tasks associated with payroll management. However, as with any service, there are costs associated with using QuickBooks Payroll. In this article, we will discuss the cost of QuickBooks Payroll and the different options available to businesses.
There are three different versions of QuickBooks Payroll: Basic, Enhanced, and Full-Service. The cost of each version varies based on the number of employees you have and the features you need.
The Basic version of QuickBooks Payroll is the most affordable option. It is designed for businesses with fewer than 10 employees and offers the following features:
- Paycheck creation
- Direct deposit
- Federal and state tax calculations
- Year-end forms (W-2s and 1099s)
The cost of the Basic version of QuickBooks Payroll starts at $45 per month, plus an additional $4 per employee per month.
The Enhanced version of QuickBooks Payroll is designed for businesses with more than 10 employees. It offers all of the features of the Basic version, as well as:
- Automated tax filings
- Workers’ compensation tracking
- Sick and vacation time tracking
- Time tracking integration
The cost of the Enhanced version of QuickBooks Payroll starts at $75 per month, plus an additional $8 per employee per month.
The Full-Service version of QuickBooks Payroll is designed for businesses that want to outsource all of their payroll tasks. It offers all of the features of the Enhanced version, as well as:
- Payroll setup and tax filing
- Guaranteed tax compliance
- Year-end tax filing
- Employee self-service portal
The cost of the Full-Service version of QuickBooks Payroll starts at $125 per month, plus an additional $10 per employee per month.
In addition to the monthly fees, there may be additional fees for certain services. For example, there may be fees for same-day direct deposit, additional state tax filings, or payroll tax deposits. These fees vary depending on the version of QuickBooks Payroll you have and the services you require.
It’s also important to note that QuickBooks Payroll is only available to customers who have a subscription to QuickBooks Online. The cost of QuickBooks Online starts at $25 per month for the Simple Start version, which is designed for businesses that only need basic accounting features.
In conclusion, the cost of QuickBooks Payroll depends on the version you choose and the number of employees you have. The Basic version starts at $45 per month, while the Enhanced version starts at $75 per month, and the Full-Service version starts at $125 per month. In addition to the monthly fees, there may be additional fees for certain services. Overall, QuickBooks Payroll can be a cost-effective solution for businesses that want to streamline their payroll processes and ensure compliance with tax laws.