How Do I Set Up Payroll in QuickBooks Successfully?

QuickBooks is one of the best platforms to handle all small and medium-sized business accountancy essentials. This software aims to manage entire financial management with more accuracy. It introduces many advanced features to make the workflow smooth and reduce all complex issues. With all advanced attributes, QuickBooks introduces payroll services to track the employees’ pay status including all tax deductions and increments. This blog will help you Set Up Payroll in QuickBooks and provide guidelines on how to run it properly. Many businesses are using QuickBooks Enterprise Enhanced Payroll to manage their employee salary and payroll taxes.

Types of QuickBooks Payroll Option & Version

QuickBooks payroll services are updated with many versions 

QuickBooks Desktop Payroll basic, enhanced, assisted, QuickBooks online payroll, Intuit online payroll, and Intuit full-service payroll are all unique versions of QuickBooks payroll services. You can pick any one of them as per your business requirements. With these payroll services, employees are also enabled to check their pay status including all tax deductions and increments annually. You can fill out the details of the QuickBooks TAX form, which includes all federal and state taxes.

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Process Setting Up Payroll in QuickBooks Desktop

Before setting up payroll, make sure about these things and provide all mandatory information from federal and state agencies

• The user has to provide all the necessary information regarding your company
• All compensation and benefits are updated to view and compare with other products which are available on the market
• In your installed QuickBooks, users need to enter employees’ details such as job profile, current status, work performance, and all relatable information as per requirements
• Users make sure to update all information regarding taxes after every 45 days such as the tax table
• Prior Payrolls helps you choose the best payroll services as per your filled business information
• Payroll service calculates your taxes, the user just needs to enter all liability information and all Direct Deposit in the specific section.

Learn Setting UP Child Support in QuickBooks with garnishment and Paying Child Support Through QuickBooks.

To set up payroll in QuickBooks, users make sure to follow these instructions step-by-step

• First of all, enter all tax-related information
• From the available options, select the payroll systems as per your business essentials to calculate all payroll tax. The user gets access to create salary slips annually for all employees
• After all this, payroll software gives you to set up the system with the following steps:
  • Firstly, users need to fill in all basic information such as employee names, addresses, job profiles, and all mandatory information
  • After that, fill in all details about the “Wage”
  • As per software requirements, users need to fill in regular work hours to track the time for each employee
  • At last, bond your system with QuickBooks accounting software

After receiving the confirmation message, you are all set to run the payroll process. The payroll process is only accessible for cloud-based accounting software.

How To Update Payroll Service in QuickBooks

To update the payroll settings, QuickBooks users need to perform the below steps

• The first thing to do is to click on the “Gear” icon
• Then choose the “Payroll setting” option
• From the drop-down preferences, choose the “Employees” option
• The employee’s list will appear on the screen and then choose the employee name you want
• Make sure about the selected employee and then click on the “Pencil” icon
• And then select “What are employees withholding?”
• Users get easy access to view and check the boxes for all “state unemployment” and FUTA under all “Tax exemptions”

Support Payroll Setup QuickBooks Pro, Premier, Enterprise

After following all the above instructions, if you still need any help or advice to set up the payroll in QuickBooks then visit this website address to connect QuickBooks Support Phone Number. To resolve all your queries, QuickBooks professionals provide 24-hour availability service. To clear out all doubts regarding QuickBooks and payroll services, you can chat with QuickBooks experts via the LIVE CHAT link. This link is available in the right corner of the website.