In this Quickbooks payroll review we’ll take a look at how you can get started using the payroll features, how customers describe the 2012 Quickbooks with enhanced payroll functions, and finally how this Quickbooks payroll program works for Macintosh computers.
There’s a lot that this new Quickbooks program has to offer in order to make handling payroll a lot easier for small businesses.
Quickbooks Enhanced Payroll 2012 Offers These Features:
- Creates paychecks automatically in only three simple steps.
- Payroll related tax forms are easily and quickly created for you.
- Integrated E-filing (electronic, online filing) of taxes is possible
directly from Quickbooks, along with printing out completed tax forms.
- Print paychecks or use direct deposit features to pay your employees.
How to do Payroll in Quickbooks 2012:
In this example you can learn how to add payroll items to an employee’s paycheck. First go to the menu at the top of the Quickbooks screen and select “employees.” From this drop-down menu, select “manage payroll items,” and you will then have the choice of creating a new payroll item, or viewing and editing the payroll item list. When you select the option to view the payroll item list, a new window will open, showing all of the deductions and credits to an employee’s paycheck. Wages are listed first, then the various state and federal taxes and company contributions. As you look through this list, you will find a lot of options preloaded onto the list, such as a mileage reimbursement option, if your company offers it.
Now let’s say you need to add an item to this payroll list, such as an insurance option offered by your company, for example. First select the “payroll item” tab at the bottom right of the screen, and from this pop-up menu you’d select the first option, “new,” to create a new payroll item. A “select setup method” window will open up, letting you choose to do an “EZ setup based on average standard settings” or a “custom setup.” For something as detailed as insurance, select the “custom setup” option, then select the “next” button at the bottom right of the window.
Next you select the payroll item type, which could be a wage, addition, deduction, company contribution (i.e. 401K), federal tax, state tax, or other tax. Insurance would be a deduction, so once that option is selected, click “next” again. In the next step, you’ll enter the name of your deduction, which would be “(fill in the blank) insurance,” and click “next” again. In the following step you need to enter the official name of the insurance company that provides your employee with coverage. You can leave the last selection set to “payroll liabilities,” and then click “next” to move on. Next you will determine how this payroll item will appear on your tax forms. The first option from the drop-down menu is “none,” if you don’t want it to appear on the tax forms at all. In this case, keep “none” selected, and be aware of the many categories you have available in that list which you may need to use in the future. Click “next” once more, and the following window asks if there are any taxes which are affected by this payroll item. In this case the answer is no, and you can then click “next,” again.
Now you enter if this payroll item was calculated based on your manual deductions, if it’s based on an hourly rate, or neither. In this scenario, “neither” would be the correct option, followed by “next.” Then select if the deduction is based on the employee’s gross or net pay, and for insurance you would select “net pay” and click “next.”
Finally you are asked if this deduction should be used as a default rate that will be applied for every employee. If it will vary from one employee to the next, then leave the entry set to “0” in order to avoid creating a default rate for everyone; then select “finish.” One additional pop-up window will ask if you want to set this deduction as a scheduled payment for the future, which you can easily do for even an entire group of employees if you wish. If you don’t want to create scheduled payments, simply click “ok” to close this window and finalize your payroll item entry. Now the insurance deduction has been successfully added to the paycheck!
There are many other functions and features to explore from here, and the Quickbooks setup menus help to guide users along the way.
What Does the Average Customer Say in Their Quickbooks Payroll Review?
Customers agree that the online chat help is a very useful feature that comes with Quickbooks software, so you can get your questions answered more clearly and efficiently.
One great tip for saving money is that the Quickbooks Pro 2012 with Quickbooks enhanced payroll can be purchased with one year of a prepaid payroll feature subscription included, at a great low rate online. If you buy this software online you can save significantly more money than if you were to let your payroll subscription auto-renew from one year to the next.
Please note that if you were reading an older Quickbooks payroll review online, you might have heard about the Intuit complete payroll service that handles all of your payroll needs so you don’t have to. As of December 31, 2011, this service has been discontinued. Now there is a newer service referred to as Intuit full service payroll that lets you enter employee hours worked online from a Mac or PC computer, and then processes the entire payroll for you. Contact Intuit for more information about if this service may be right for you.
Quickbooks Payroll Review for Mac:
When examining a Quickbooks payroll review of how this program performs on Macintosh computers, many people are pleased with its overall functionality. There is a low monthly fee for this service, but the advantage is that it allows you to pay employees and contractors whenever you like according to your own schedule. When preparing for payday, just enter the employee hours worked on your full list of employees, including overtime hours as applicable, and then with one click you can create all of their paychecks simultaneously. When the paychecks are ready, simply select if you to pay employees with direct deposit, computer printed paychecks, or handwritten paychecks with printed paystubs. All of the same great features for reporting taxes in the Windows version of Quickbooks are also included in the Mac version as well.