Being a QuickBooks Payroll user, it is important to be aware with the QuickBooks Payroll tax tables. To provide the users with the proper knowledge of QuickBooks Payroll tax tables, we have come up with this article. At the end of this article, the reader would be well versed in downloading, installing, and verifying QuickBooks Payroll Tax Table. Therefore, stick to the article until the end.
Before digging in deep and exploring the steps to download, install, and verify QuickBooks Payroll Tax Tables, it is better to understand what it actually means. To define Payroll tax table, it can be stated that it is a chart that characteristic different columns, assisting to find out the apt taxes to be suspended from the employee’s paycheck.
It should be noted that the withholding taxes are generally affected by numerous factors just like, the income sum, the marital status of the worker, and also the payment schedule, just like bi-weekly, monthly, etc.
Important points to remember
Before downloading, installing, and verifying the QB Payroll Tax Table, the user is required to keep in mind certain factors, such as:
The user is required to have an active payroll subscription, if they wish to update the tax table.
It is recommended by Intuit that the user should download the tax table at least within 45 days, or they can update the same every time they make payment to their employees.
Lastly, the user is required to turn on the automatic updates feature in QuickBooks Desktop, if they want to receive the payroll tax table updates automatically, the moment the update releases.
Procedure to download the QuickBooks payroll tax tables updates
Undoubtedly, it is essential to download or install the newest available QuickBooks Payroll Tax Table updates, in order to safeguard that the Payroll has precise information. Being a QuickBooks Payroll user, all you need to do is follow certain steps, and you are good to go.
To begin with, opt for ‘Employees‘ and after that select ‘Get Payroll Updates‘.
Moving forward, the user is required to select ‘Download entire payroll update‘.
Tap on ‘Update‘ button
Once the downloading procedure comes to an end, a pop-up message will appear stating “A new tax table and updates to your payroll tax forms have been installed on your Desktop. Click OK to read about the modification.”
Considering the prompts, hit ‘OK‘ and you are good to go.
Steps to Install a Payroll Tax Table update from a CD (Disk Delivery Service:)
To start with, the user needs to insert the ‘Payroll Update CD‘.
Once done with that, open the ‘Get Payroll Updates‘ option.
QuickBooks Desktop Pro and Premier: The user is required to choose the ‘Employees‘ option and after that the option stating ‘get payroll updates‘.
Moving forward, if the user is prompted to locate the ‘update.dat‘ or ‘data file‘ in the ‘Install Payroll Update window‘, then he/she is required to take the necessary actions and respond to the prompts.
Once you have completed that, tap on ‘Browse‘.
Tap to choose CD drive from the ‘Look in the drop-down arrow‘, in the install from window.
Now, either select the ‘date or update3.dat‘ from the ‘Payroll Update Disk‘ and after that click on ‘Open‘ to proceed.
The next step is to choose between the ‘update.dat or update3.dat‘.
Now, hit the ‘Open‘ option.
After that, the user is required to move on to the ‘Payroll Update Window‘, and then tap on ‘OK‘.
Note: In case the user receives a pop-up message displayed on the screen which says “File Not Found” go through your CD drive by following the below-enumerated steps:
Firstly, the user is required to ‘close‘ the QuickBooks Desktop and after that hit the ‘Start Button‘, once done with that, select ‘My Computer‘.
Moving ahead, right-click the ‘CD drive‘ and after that select the option “If you cannot see the files, test the CD on a second desktop.” In case the files are visible on the second desktop, then there might be some issue with the hardware on the first desktop.
Whereas, if the user is unable to see the file on both the desktops, then he/she is required to order a new payroll update disk.
The user is required to authenticate, in the ‘install confirmation window‘ that the user is installing the accurate location and that the ‘tax table versions‘ in the current and new fields are precise.
The next step is to click when the update is complete, or a message appears stating ‘A new tax table has been installed on your desktop‘.
The next step is to click ‘OK‘ in order to read about the modification.
The last step of the verification process is that in case the tax table version has not modified, a pop up message will appear on the screen stating that “You have successfully installed payroll update”.
How to Download the latest payroll tax table update?
The payroll tax table update will provide the user with the accurate and updated rates and calculations for:
E-file options
Supported provincial and federal tax tables
Payroll tax forms
How to find out the version of QuickBooks?
Included in the new update: July 2018 payroll tax tables updated
Current Version: Version 108
Release date: June 28, 2018
Effective date: July 1, 2018, to December 31, 2018
To check the version of QuickBooks, the user is required to follow the following steps:
The first step is to go to the ‘Employees menu‘ in QuickBooks, after that select the ‘My Payroll Services‘.
In the next step, the user is required to select the ‘Tax table information‘.
The first three number reflects the tax table version in “You are using Tax table version”.
Note: The user should be QuickBooks 2018 or QuickBooks Desktop 2018 or QuickBooks Desktop Enterprise Solution 18.0 to download the tax table update.
Check out the Current and historical TD1, CPP & EI amounts:
TD1 Amounts:
Effective
date
7/1/2018
1/1/2018
7/1/2017
1/1/2017
7/1/2016
1/1/2016
7/01/2015
1/1/2015
Tax
table version #
108
107
106
105
104
103
101
100
TD1 Amounts
Federal
11,809
11,809
11,635
11,635
11,474
11,474
11,327
11,327
AB
18,915
18,915
18,690
18,690
18,451
18,451
18,214
18,214
BC
10,412
10,412
10,208
10,208
10,027
10,027
9,938
9,938
MB
9,382
9,382
9,271
9,271
9,134
9,134
9,134
9,134
NB
10,043
10,043
9,895
9,895
9,758
9,758
9,633
9,633
NL
9,247
9,247
8,978
8,978
8,802
8,802
8,767
8,767
NT
14,492
14,492
14,278
14,278
14,081
14,081
13,900
13,900
NU
13,325
13,325
13,128
13,128
12,947
12,947
12,781
12,781
ON
10,354
10,354
10,171
10,171
10,011
10,011
9,863
9,863
PE
9,160
8,160
8,320
8,000
8,292
7,708
7,708
7,708
QC
15,012
15,012
11,635
11,635
11,550
11,550
11,425
11,425
SK
16,065
16,065
16,065
16,065
15,843
15,843
15,639
15,639
YT
11,809
11,809
11,635
11,635
11,474
11,474
11,327
11,327
ZZ (employees outside Canada)
0
0
0
0
0
0
0
0
Canada Pension Plan (CPP)
Effective
date
7/1/2018
1/1/2018
7/1/2017
1/1/2017
7/1/2016
1/1/2016
7/01/2015
1/1/2015
Tax
table version #
108
107
106
105
104
103
101
100
Canada Pension Plan (CPP) – outside Québec
Maximum Pensionable Earnings
55,900
55,900
55,300
55,300
54,900
54,900
53,600
53,600
Basic Exemption
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
Contribution Rate
4.95%
4.95%
4.95%
4.95%
4.95%
4.95%
4.95%
4.95%
Maximum Contribution (EE)
2,593.80
2,593.80
2,564.10
2,564.10
2,544.30
2,544.30
2,479.95
2,479.95
Maximum Contribution (ER)
2,593.80
2,593.80
2,564.10
2,564.10
2,544.30
2,544.30
2,479.95
2,479.95
EI amounts:
Employment
Insurance (EI) – outside Québec
Maximum Insurable Earnings
51,700
51,700
51,300
51,300
50,800
50,800
49,500
49,500
Premium EI Rate (EE)
1.66%
1.66%
1.63%
1.63%
1.88%
1.88%
1.88%
1.88%
Premium EI Rate (ER) (1.4*EE)
2.62%
2.62%
2.62%
2.62%
2.62%
2.62%
2.62%
2.62%
Maximum Premium (EE)
858.22
858.22
836.19
836.19
955.04
955.04
930.60
930.60
Maximum Premium (ER) (1.4*EE)
1,201.51
1,201.51
1,170.67
1,170.67
1,337.06
1,337.06
1,302.84
1,302.84
Québec Pension Plan (QPP)
Maximum Pensionable Earnings
55,900
55,900
55,300
55,300
54,900
54,900
53,600
53,600
Basic Exemption
3,500
3,500
3,500
3,500
3,500
3,500
3,500
3,500
Contribution Rate
5.40%
5.40%
5.40%
5.40%
5.33%
5.33%
5.25%
5.25%
Maximum Contribution (EE)
2,829.60
2,829.60
2,797.20
2,797.20
2,737.05
2,737.05
2,630.25
2,630.25
Maximum Contribution (ER)
2,829.60
2,829.60
2,797.20
2,797.20
2,737.05
2,737.05
2,630.25
2,630.25
Employment Insurance (EI) – Québec only
Maximum Insurable Earnings
51,700
51,700
51,300
51,300
50,800
50,800
49,500
49,500
Premium EI Rate (EE)
1.30%
1.30%
1.27%
1.27%
1.52%
1.52%
1.54%
1.54%
Premium EI Rate (ER) (1.4*EE)
1.820%
1.820%
1.778%
1.778%
2.13%
2.13%
2.16%
2.16%
Maximum Premium (EE)
672.10
672.10
651.51
651.51
772.16
772.16
762.30
762.30
Maximum Premium (ER) (1.4*EE)
940.94
940.94
912.11
912.11
1,081.02
1,081.02
1,067.22
1,067.22
Québec Parental Insurance Plan (QPIP)
Maximum Insurable Earnings
74,000
74,000
72,500
72,500
71,500
71,500
70,000
70,000
Contribution Rate (EE)
0.548%
0.548%
0.548%
0.548%
0.548%
0.548%
0.559%
0.559%
Contribution Rate (ER) (1.4*EE)
0.767%
0.767%
0.767%
0.767%
0.770%
0.770%
0.782%
0.782%
Maximum Contribution (EE)
405.52
405.52
397.30
397.3
391.82
391.82
391.30
391.30
Maximum Contribution (ER) (1.4*EE)
567.58
567.58
556.08
556.08
548.81
548.81
547.40
547.40
Commission des normes du travail (CNT)
Maximum earnings subject to CNT
74,000
74,000
72,500
72,500
71,500
71,500
70,000
70,000
Fix QuickBooks Payroll update issues:
If the TD1 amounts are not updated even after installing the latest tax table update, the user is required to perform the following checks:
The user is required to ‘confirm the tax table effective date‘, whether it is on or after the date.
After downloading the product update that contains the new tax tables, the user is required to start with payroll, or open and close the QuickBooks Desktop for the TD1 amounts to update.
If in case the user has ever manually updated the TD1 amounts for an employee, the new tax table would not dominate any previously adjusted amounts.
Employees set up over the basic TD1 amounts? ‘Yes‘, or ‘No‘
The reason is that the QuickBooks Desktop will update TD1 amounts on its own, only for the employees with the basic amounts for the previous tax tables.
Payroll tax
table is now out of date: One of the most commonly encountered error
When the user opens the payroll tax table on the computer, he/she might encounter the pop-up stating the Payroll tax table is now out of date. It should be noted that any of the calculations that the users perform using this tax table will be either zero or will show as $0.00. There can be various reasons behind this error, a few of which are listed below:
The very first reason can be that the QuickBooks Desktop is not updated to the latest payroll tax table release.
The last reason can be that not all the versions of QuickBooks located within the network might have been updated to the latest tax table.
How to rectify this commonly encountered error?
The very first thing is to analyze the QuickBooks Desktop and check whether it is using the latest product update or not. The next step is to check whether all the versions are located on the network or not, especially in the case you have the multi-user network.
The next thing the user has to do is to equate the product release number of the currently installed product with the product update page at the time when the user is working in QuickBooks. After that, the user is required to press F2 key to view the release reference number.
Lastly, if the user hasn’t updated its product to the latest release, it would be better to update it first, in order to resolve the error. The user can get rid of the error and backup the file first, by clean uninstall and reinstall of QuickBooks Desktop.
We conclude this article, with the hope that it might help you to download the latest QuickBooks Payroll tax table and also get a better insight into the same. After reading this article, you might be able to deal with the errors that you may stumble upon and many other related information. However, in case of any difficulty, our QuickBooks support team is there to guide you. You can consult our team of experts at our toll-free number .i.e. +1-844-964-2960.
Some FAQs Related to QuickBooks payroll tax tables
How do I update my QuickBooks payroll tax tables to ensure accurate tax calculations?
To update your QuickBooks payroll tax tables, simply navigate to the “Employees” menu, select “Get Payroll Updates,” and follow the prompts. Regularly updating your tax tables ensures that you are using the most current tax rates and calculations, allowing for accurate payroll processing. Don’t forget to keep an eye on tax-related news and announcements to stay informed about changes to tax laws.
What if I encounter issues while updating my QuickBooks payroll tax tables?
If you experience any difficulties or have questions while updating your payroll tax tables, don’t hesitate to reach out to our expert support team at our toll-free number +1-844-964-2960. We are available to assist you and ensure that your payroll tax tables are up-to-date and functioning correctly.
Can I manually edit the payroll tax tables in QuickBooks?
QuickBooks payroll tax tables are designed to be automatically updated through the “Get Payroll Updates” feature. However, if you need to make manual adjustments, we recommend consulting with a tax professional or contacting our support team for guidance. Making manual changes without proper knowledge can result in inaccurate payroll calculations and potential compliance issues.
How often should I update my payroll tax tables in QuickBooks?
It’s essential to update your QuickBooks payroll tax tables at least once every 45 days to ensure the most accurate tax calculations for your employees. Keep in mind that tax rates and regulations can change frequently, so staying updated is crucial for maintaining compliance and avoiding potential penalties.
How can I verify that my QuickBooks payroll tax tables are up-to-date?
To confirm that your QuickBooks payroll tax tables are current, navigate to the “Employees” menu, select “Get Payroll Updates,” and check the “You are using tax table version” section. The displayed version should be the most recent one available. If you’re unsure whether you have the latest tax table version, feel free to contact our support team at our toll-free number +1-844-964-2960, and we’ll be happy to assist you.
Opening balance in QuickBooks is basically the amount of money in a company’s account at the beginning of a new financial period or year. This is known as the first entry that is done when a company starts its processes or after a year-end. There are various steps to edit or enter the opening balance in QuickBooks Desktop. This article details the steps in entering or editing opening balance in QuickBooks Desktop. However, to save time and effort, the user can contact our QuickBooks support team via our toll-free number i.e. +1-844-964-2960.
Points to Note:
It is considered a good option to contact the accounting professional always before entering the opening balance. While setting up the account, you can press F1 key or you can simply click on the link that says- ‘Should I enter an opening balance?’. In this way, you can get information about the opening balances.
Also, you must not enter the opening balance, if you do not have balance prior to the QuickBooks start date.
You are allowed to enter the Opening Balances using one or more GJE that you may have created from the Balance Sheet for the previous fiscal year. This can be done when you start a new company with the date later than the actual one. You should keep the following points in mind if you are using journal entries in order to record the opening balances:
Use Opening Balance Equity account as the offset account so that you keep the journal entries in balance.
When you enter balances from the beginning of the year, then you can enter balance for the previous year’s retained earnings instead of entering each income, expense and cost of goods sold.
Per journal entry, you can enter only one accounts payable or receivable transaction. Therefore, you need to have multiple journal entries to load the balances for these accounts.
Do not forget to include the name of the vendor or customer in the names column of journal entries to accounts receivable, sales tax payable and accounts payable.
You can choose to use the Inventory Adjustment screen instead of entering the Inventory Asset Balance through a journal entry so that you can adjust both inventory quantity and value.
The dates you have entered for when your company started indicate the period when you would start tracking your financial transaction in QuickBooks.
It is created by QuickBooks when you enter opening balance in the balance sheet account for the first time. In addition to this, when you enter the opening balances, opening balance Equity is recorded by the QuickBooks. This is done to ensure that you receive a good balance sheet for your company.
These are the profits that have not been distributed among the company’s owners. QuickBooks also computes your profit or loss at the end of your fiscal year. This is done into an equity named Retained Earnings.
Enter Opening Balance in QuickBooks Desktop
Bank or credit card accounts
Click on Chart of Accounts from the Company menu.
In this window, right click and select ‘New’.
Then, choose the account type- Bank or Credit Card.
On the ‘Add New Account’ Screen:
Fill all the required details.
Click Enter Opening Balance Button. This button will only be available if you have not entered any transaction yet. As soon as you enter a transaction, the button will change to Change Opening Balance button.
Now, enter ending date and ending balance from your credit card statement or last bank statement.
Then, click OK.
Click ‘Save & Close’.
To ensure that all your future reconciliation is accurate, you would be required to account for all the outstanding transactions in the credit card or bank.
After Entering opening balances, follow the steps below
Take the ending balance from bank statement and increase the amount by any outstanding checks, and decrease the amount by outstanding deposits.
Enter the journal entry debiting the bank or credit card, and crediting opening balance equity.
Select ‘Make General Journal Entries’ from the Company menu
Set the date and enter a number of journal entry
Now, choose the bank or credit card account from the Account column and enter the amount calculated in step 2 in the Debit column.
In the next line, click on Account and choose ‘Opening Balance Equity’ from the drop-down.
Now, in the credit column, put the amount calculated.
Create checks and deposits by using Opening Balance Equity and enter all the outstanding transactions.
This will become available for reconciliation without any impact on the prior balance sheet.
Now, reconcile the opening balance journal entry for each account through mini reconciliation, a process to do it.
While entering an opening balance for Equity, Fixed Asset, other Asset, Current Asset, and Other Current Liability, be careful as it is possible that you may create a double accounting entry. In QuickBooks, both the Accounts Payable and Accounts Receivable are considered different.
✔ Through the Chart of Accounts:
Click on Chart of Accounts from the Company menu
Right click anywhere on the window appeared and select New, in the Chart of Accounts window
Choose the right Account Type
In the Add New Account screen:
Fill all required details.
Click Enter Opening Balance button.
Enter amount of opening balance and the date. You can use the date before the QuickBooks start date.
Now, click ‘OK‘.
Click Save and Close.
✔ Using a Journal Entry:
Select ‘Make General Journal Entries’ from the Company menu.
Now, set the date and enter the number required for the journal entry.
From the Account column, select the account you want to enter.
You can also enter the accounts in the order in which they appear on the balance sheet or trial balance.
Depending on the type of account, enter the account balance as a positive amount and that too, in the right column.
For example:
Positive balances will appear in the Debit column, for Asset accounts.
For Liability and Equity, these positive balances appear in the Credit column.
Now, for each account, you shall repeat the steps 3 and 4.
Make sure that once all the balances have been entered, the total amount in Debit and Credit column is equal. You can use the Opening Balance Equity as the offset to check any difference noticed between the two columns.
Click Save and Close.
To enter the balance for accounts payable, accounts receivables, and sales tax payable create an additional journal entry. You can also enter any other account that is not included on the first journal entry.
Now, create a final journal entry in order to distribute any remaining balance in the opening balance equity account among other retained earnings and equity accounts as desired.
✔ Through the Register:
When you have transactions in the account, you are required to go to the account register so as to enter the opening balance.
Click on ‘Chart of Accounts’ from the Company menu.
Choose the account for which you wish to enter the opening balance. Then, select Use Register from the Edit drop-down list.
Fill the following fields for the new transaction:
Date of the opening balance
Number/Type- Leave this section blank
Payee- Type Opening Balance (Optional)
Account- Choose Opening Balance Equity
Payment or Deposit: In this field, enter the opening balance in the Deposit field if it is positive and in the Payment field if it is negative.
Click ‘Record’.
✔ Income and Expense Accounts:
There is no option to enter balance for income and expense accounts because the balance for these accounts comes from transactions that are entered like bills, invoices and checks.
If any of your customer or vendor has an outstanding balance BEFORE the commencement date, following options can be used:
Option 1: Put the outstanding balance in the Opening balance field with as of date equal to your start date. These opening balance entries will track to Uncategorized Income or Expense. You can enter opening balance for the individual jobs in case you are planning to setup jobs for customers. Moreover, the name of the customer will reflect the total balance for all the jobs. Also note that when you add new customers or vendors, the opening balance field is available only at that time.
Option 2: To create opening balances for vendors and customers, use the opening balance item that you will create anew and use the same in invoices. This will aid in determining the account you want entries to track to.
Option 3: Enter the individual unpaid bill or invoice rather than entering the total balance for each of the customers or vendors. All the unpaid transactions will result in open balances for vendors and customers. And these will ultimately result in A/R and A/P opening balances. This option will help you keep track of all the individual sales and bills that make up your vendor and customer opening balances.
For Transactions which occurred after your start date:
When you find that the transactions of the customer or the vendor have occurred on or after the start date, then you have an option to use standard QuickBooks forms so that you are able to enter the appropriate individual transactions which include:
Bill Payments
Deposits
Sales tax payments
Vendor Bills
Vendor Credits
Invoices and Sales Receipts
Customer payments and returns
How to Edit Opening Balance?
✔ Bank, Credit Card and other balance sheet accounts
Choose the Chart of Accounts from the Lists menu
Double click on the account that you want to edit.
Then, find the opening balance transaction (usually the first one) in the account register. It will also have Opening Balance Equity in the Account field.
If essential, also edit the date as well as amount.
Click on Record to save all the changes.
✔ Income or Expense Accounts
Select Chart of Accounts from the Lists Menu.
Double click on the income or expense that you wish to edit.
Change the date to your start date in the Account Quick Report. If you don’t know the exact start date, then you can choose ALL in the Dates drop-down.
After this, you can search the report for the correct transactions that are usually among the first transactions.
Hover the mouse pointer over a transaction and QuickZoom it. As soon as the magnifying glass appears, double click on that.
Do all the required changes. If changes done affect journal entry, then General Journal Entry transaction requires- total debits equal total credits.
A balance sheet in terms of financial accounting is a summary report of company assets, liabilities, and shareholder equity of an individual or an organization, whether it is a sole proprietorship, a corporation, a business partnership, private limited company or other organization such as a not-profit entity or government organization.
Why do you need to pay the outstanding balance?
It is mandatory to pay the due balance each month in order to improve the savings and credit score of your organization. It is also necessary to pay all the due taxes on time to maintain a good standing of your business with the state.
How to record an opening balance in QuickBooks?
From “Company” menu click on “Charts of Accounts” Right click and select ‘New’. Choose the account type On the ‘Add New Account’ Screen: Fill all the required details. Click on “Enter Opening Balance” Button. Now, enter ending date and ending balance. Then, click OK. Click ‘Save & Close’.
How to change the opening Balance in QuickBooks Desktop?
From Accounting menu, choose Chart of Accounts Choose the Account Select View Register Search for the opening balance Note the balance and date Compare your real-life account with the entered opening balance Find you bank’s statement Check the account’s balance on the same day of the opening balance If QuickBooks doesn’t match with your bank records: Select the opening balance entry Edit the balance, in the Deposit column, so it matches your bank records
For the past decade QuickBooks have changed the way accounting activities are performed. Now it is no longer a time taking and complicated task, and all thanks to this new age accounting software. All across the globe small and medium businesses are now making use of QuickBooks for accounting as well as payroll. It has made business operations much smoother by streamlining financial management system. In this article we have discussed about the complete procedure of QuickBooks Payroll Setup Checklist in Intuit Desktop Payroll & Online Payroll.
Even though QuickBooks Payroll comes with many benefits it is a bit complicated. Today, this path breaking software is being used on desktops, laptops, and even cloud and it also offers various amazing features suitable for various devices, as well as operating systems. If you are planning to setup desktop or online payroll account, QuickBooks Payroll might require certain information. Here is the checklist for the information that you would require during the set-up of the software. Apart from this, if you have any other query regarding the software or face any error you can directly call to Intuit QuickBooks help community. Or you can give us a call in our 24/7 QuickBooks payroll support number i.e. +1-844-964-2960 and our Intuit certified ProAdvisors who have years of experience will be ever ready to help you in this.
Setting up payroll will be a smoother process if you can collect the following information first:
Category
Type of information needed
Company
The frequency that employees are paid (weekly, every other week, twice a month, or monthly)
The date you plan to start using Payroll
The first pay period that you’ll run within QP
Compensation, Benefits, Contributions and Deductions
Types of compensation (hourly wages, salaries, commissions, vacations)
Sick and vacation time policies
Insurance benefits (health, dental, vision)
Retirement benefits offered (RSP)
Additional deductions that the employee wants withheld (for example, child support, repayments of employee advances or loans, life insurance)
Additions (bonuses, travel reimbursements, employee advances or loans and tips)
Tax Information
Federal tax business number (BN)
CRA Payroll number
T4 transmitter number
RQ payroll information
Employees
Employee names, addresses, and Social Insurance Numbers from your employees’ T4 forms
Employee withholdings from the employee’s TD1 form
Employee wages/salaries, additions, deductions, and company contributions
Sick and vacation time hours and monies accrued
Year-to-Date History (YTD)
You’ll need to enter year-to-date payroll information ONLY if you’ve started using QP after January 1 of the calendar year AND if you’ve already run payroll using another system at least once since January 1. (If you start using QuickBooks Payroll after January 1 but have not yet run a payroll this calendar year, you will have no year-to-date information to enter.)
Year-to-date information for each employee is available on the employee’s most recent pay stub from the previous system.
Copies of payroll liability cheques from the beginning of this calendar year to the date you started using QP
Note: once you run a payroll in QuickBooks Online, you’ll no longer be able to add or edit year-to-date information. Be sure to add all employees and payroll data prior to running payroll
QuickBooks payroll requires certain information for setting up in the QuickBooks desktop or even in QuickBooks online payroll account. Once the user completes the set up process, after that it is very easy to spot all the information form the previous payroll provider, or from the records, accountant, federal and state agencies, etc.
QuickBooks users have a plenty of options for payroll on QuickBooks desktop or even in cloud, and the user needs to make a wise decision of selecting the most appropriate out of many.
No doubt, QuickBooks desktop payroll, as well as QuickBooks online payroll has a large customer base, and thus it is ensured by the developers to offer a wide range of options to suit the needs of every user. The varied options are very much confusing for the user, and that is why our team ensures to help the users in opting for the best option that suits their requirements.
The Desktop Payroll version is one of the best and is being used by many entrepreneurs all across the globe. Though it is used by many users, there are a few who like their data on the desktop as they don’t like changes. Many users resist change, but it can bring many perks.
Some option for Desktop that runs on the desktop versions:-
No QuickBooks payroll tax form filing.
QB payroll tax filing and good job costing and the ability for yourself.
QuickBooks Desktop Enter the Payroll hours and amount.
QB Desktop features of Enhanced.
QuickBooks desktop Payroll service is pretty easy to use and that’s why bookkeepers, accountants, business owners and even individuals can make use it. However, for the desktop version it charges per cheque, but for the online versions the direct deposit is free of cost. For any further information regarding the setup of the desktop version reach us out via our 24/7 toll-free .I.E. +1-844-964-2960.
QuickBooks Online is another version that is widely used and it is within the QuickBooks Online Payroll along with Intuit Online Payroll. You have to integrate into QuickBooks so that it runs from there. This is a very important step to do, so as to make sure that the tax rates as well as the previous payrolls are recorded properly. This is because it isn’t easy to change in the online version without an adjustment as it can be done in the Desktop version.
This one is a very good option for the QB Online Payroll users who have QuickBooks Online or who have not used QuickBooks ever in their life.
QuickBooksOnline Payroll
Just like the Intuit Online Payroll, QuickBooks Accountant version is a new age product that is packed with many amazing features and have brought significant changes in the organizations operations. The Intuit QuickBooks Online Payroll doesn’t charge direct deposit fees but it charges $2.00 per person every month if there is one client.
But what is great about it is that the monthly fee and per person charge drops when you get more than one clients. You make a great profit as the charge drops to $0.50 per employee and with more than one client.
A great thing is that clients have their own logins and passwords so that they can handle their own payroll. And once they set up the QuickBooks, Intuit Online Payroll, the need to worry about it doesn’t arise, except for the taxes. If you want to know more about Intuit Online Payroll you can consult with our Intuit Certified ProAdvisors.
We have been in the industry for a long time now, and this has helped us in learning a lot about the software. And that’s how we render quality, as well as quick support service to our customers. We are available 24/7 through our toll-free customer care number to listen and help out our clients. So, why wait, dial our QuickBooks support number+1-844-964-2960 and get an instant solution to any QB related problem.
