1. A third-party service - processes all paychecks and tax payments on behalf of small businesses.
2. Payroll software inbedded in financial software. QuickBooks Desktop financial software program has an add-on for payroll processing that is fully integrated with the accounting system.
3. Payroll services via the web - QuickBooks Online payroll works as an independent website that provides payroll processing for which the data can be exported easily to QuickBooks financial software.
Third-party services do provide ease of processing since companies are simply responsible for providing hours for each payroll, and then enter data into their financial software via journal entries. These services provide convenience but they can be costly.
The other two processes, as offered by QuickBooks, are a hands-on, cost-effective approach for small businesses. And, they are easy to use. QuickBooks Desktop Payroll and QuickBooks Online Payroll are offered as a subscription-priced product. All taxes and governmental reports can easily be filed electronically.
LFC provides payroll solutions using QuickBooks products. Please contact our office if you need to beginning with a payroll system or if you are interested in converting to the QuickBooks system from an existing system.
The other two processes, as offered by QuickBooks, are a hands-on, cost-effective approach for small businesses. And, they are easy to use. QuickBooks Desktop Payroll and QuickBooks Online Payroll are offered as a subscription-priced product. All taxes and governmental reports can easily be filed electronically.
LFC provides payroll solutions using QuickBooks products. Please contact our office if you need to beginning with a payroll system or if you are interested in converting to the QuickBooks system from an existing system.
