New QuickBooks Payroll Features 2023: Best Way To Experience a Better Business

Subscribed for QuickBooks Payroll service, and want to know about its features? We will help you to know the overview of QuickBooks payroll features 2023 through this article. No matter you are a beginner or an expert to run payroll in QuickBooks, you will definitely find new information in this article. In the meantime, you can take the assistant help through this number +1-844-405-0904.

QuickBooks Payroll services in two different versions; Online, and Desktop. And each version has its different sub-editions. In this article, we will mainly discuss the QuickBooks Desktop Payroll service.

QuickBooks Desktop Payroll service is available in 5 different sub-editions;

• QuickBooks Basic Payroll ($2.00/ employee per month)
• QuickBooks Standard Payroll (No charge)
• QuickBooks Enhanced Payroll ($2.00/ employee per month)
• QuickBooks Assisted Payroll ($2.00/ employee per payroll)
• QuickBooks Enhanced Payroll for Accountants (No charge)

Common Features Available for Payroll in QuickBooks

QuickBooks has various editions for payroll, and have their different features. But here, we have mentioned the common features available in all QuickBooks payroll versions. Have a look, at what are;

• It calculates your taxes automatically and accurately.
• Helps you to manage bonuses, commissions, and overtime.
• Gives the facility to process payroll for both hourly and salaried employees.
• Process payroll right away for W2 employees.
• Can select different deductions for each employee.
• It features vacation and sick time, paid time off, dental and other medical insurance, cash advances, retirement plans, and so on.
• Various federal tax forms are available in QuickBooks, such as W2, W3, 940/Schedule A, 943, 943a/Schedule B, 944/945a, and 1099.

See the comparison table to get a clear vision of QuickBooks Payroll editions, and their available feature;

Services Features	QuickBooks Payroll Basic	QuickBooks Payroll Standard	QuickBooks Payroll Enhanced	QuickBooks Payroll Enhanced for Accountants	Assisted
Payroll Updates	✅	✅	✅	✅	✅
Direct Deposit for Employees	✅	✅	✅	✅	✅
Workforce	✅	✅	✅	✅	✅
State Forms			✅	✅	✅
Intuit Workers’ Comp Payment Service	✅	✅	✅	✅	✅
No penalties guaranteed					✅
Free expert support	✅	✅	✅	✅	✅
After-the-fact payroll				✅
Client ready payroll reports				✅
Auto-Fill option for Paid Preparer information				✅
Filing as a Reporting Agent				✅
Create tax forms for clients on Standard or Basic Payroll				✅
E-mail subscription for critical notices	✅	✅	✅	✅	✅
Intuit files and pays taxes for you					✅
E-File and E-Pay			✅	✅	✅
Federal Forms		✅	✅	✅	✅
Direct Deposit for 1099 Contractors	✅	✅	✅	✅	✅
Create Paychecks	✅	✅	✅	✅	✅

QuickBooks Payroll Service Features

QuickBooks provides some of the payroll features for service. Read the following service features, and use these features to run your payroll.

1. Payroll Updates

This is the accurate calculation for the federal tax tables, payroll tax forms, and e-file. Intuit frequently releases updates for the QuickBooks Payroll software so that, you can get info on payroll updates according to the supported state.

2. Create Paychecks

In QuickBooks Payroll, you can easily create paychecks with the auto tax calculation. And now you can print the paychecks, and can give them to your employees.

Note: Nominal usage fee may apply in the paychecks.

3. Employees Direct Deposit

QuickBooks gives you the facility to deposit the employee’s payroll directly in the employee’s saving bank accounts, or in the checking. During deposit, the payroll, the nominal per-payroll transmission, and the per-transaction fee may apply.

4. 1099 Contractors Direct Deposit

In QuickBooks Payroll, the QuickBooks Payroll customers can deposit the payroll directly to 1099 Independent Contractors. During this process, the nominal per-check may apply.

5. Workforce

QuickBooks Workforce is the platform, where employees can get their paycheck information for 24/7 hours. Employees need a login credential to access their QuickBooks Workforce account. With this, they can see their current or prior pay stubs.

6. Federal Forms

QuickBooks Payroll Standard and Enhanced Payroll fill the Federal forms automatically in the latest W-2 forms, 1099, and 1096 forms. And the rest of the forms can be processed in QuickBooks in a few clicks. With QuickBooks, you can also print the forms and can mail them to federal agencies.

7. State Forms

QuickBooks Desktop Enhanced payroll fills the latest state tax form automatically. With QuickBooks, you do not need to add the federal forms manually. QuickBooks will guide you to process the form. And if you are using the QuickBooks Assisted payroll, then Intuit will fi;e, and pay the taxes automatically.

8. E-File and E-Pay

E-file and E-pay is the process, by which we can send the files electronically to the right agency. It saves time, and effort. You do not need to print and mail the files and gives the facility to make a scheduled Federal, and State tax payment easily. This service feature is only available in the QuickBooks Payroll Enhanced, and in some selected states.

9. No Tax Penalties Guaranteed

There is no chance of tax penalties with QuickBooks. But, if it meets with the situation then it will be no tax penalties guaranteed. Here are some situations;

If you provided the data on time, have sufficient account funds, and your tax deposited on time then you will not pay any penalty tax.

10. Free Expert Support

Intuit provides full support to run payroll. You can easily get free payroll expert support from the official site of Intuit or QuickBooks.

If in case, you are unable to connect with them, then you can contact our certified QuickBooks expert for further assistance.

11. Client Ready Payroll Reports

With a client-ready payroll report, your accountant can cross-check every single paper record and can analyze the client’s payroll on a quarterly basis.

12. Filling as a Reporting Agent

With QuickBooks, you can file Federal forms as an authorized e-file provider.

13. Auto-Fill Option for Paid Preparer Info

QuickBooks has the feature to fill the paid preparer’s information automatically in the Federal forms.

14. Create tax Forms for Clients

with the basic, and Standard payroll subscription, you can produce federal, and state tax forms.

Sign’s to Go for QuickBooks Payroll Service

Your QuickBooks Payroll accounting software must be well-kept so that you know how profitable your business is and that your tax returns are prepared accurately. If you experience any one of the issues listed below, this will indicate that it’s time to get support for your QuickBooks Payroll to help run your business.

• QuickBooks Payroll does not provide you with a clear picture of income and expenses.
• When your profit margin does not look accurate.
• QuickBooks Payroll file has general ledger errors resulting in inaccurate tax data.
• You have started to pay yourself or your employees and now you have payroll taxes to pay and payroll forms to file.
• Unable to find out, which expenses are ordinary, necessary and reasonable for tax purposes.

It was the overview of the QuickBooks payroll feature. Hope you find it informative. You can contact our QuickBooks experts through the toll-free number +1-844-405-0904, to get all answers to your queries related to the topic.