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Old 09-23-2019, 05:53 AM
 
Location: Milwaukee
5,482 posts, read 2,619,878 times
Reputation: 3472

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I'm helping a friend get his bookkeeping system started. I'm setting up the Quickbooks online account. Should I get the payroll add-on? It's a small automobile restoration company with two (maybe three) employees. There probably won't be any benefits offered.

How difficult is it to do your own payroll?
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Old 09-23-2019, 02:57 PM
 
5,388 posts, read 3,606,077 times
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We may be talking about the same thing, I have the Intuit Online Payroll for a very small company and it is worth every penny.

Every week when I do payroll, I just enter in the hours and it calculates the amount of the check and prints the paystub. When it's time to do payroll taxes for state, federal, unemployment, etc, I just go to the report, print it out, mail it or enter the numbers online and make the payments. Time for 1099's and W-2's? Just print them out.

I've used it for 4 years. It's much cheaper and easier than hiring someone or trying to relearn it myself and keep updated on changes.
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Old 09-23-2019, 03:48 PM
 
19,175 posts, read 58,269,233 times
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The charts and formulas used in doing a small payroll make it relatively easy for someone who has basic abilities, but that isn't the issue. Using an industry standard system eliminated a lot of possibility for expensive errors and saves time best used elsewhere. Also, the temptation to "fudge" books is much diminished. If an audit is done, things will go a lot smoother if the books are all in a readily known and approved system.

(You did bring back memories of when I had to design an early teleprocessing system to get the info from various locations to the accountants at the home office. Those were simpler days.)
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Old 09-25-2019, 07:04 AM
 
Location: Milwaukee
5,482 posts, read 2,619,878 times
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Thanks!

I did some shopping and spoke to Quickbooks.

Here's what I found out:

We decided to go with the brand new desktop version and we only need one license. If we want to purchase the new Quickbooks Desktop Pro 2020 with a one-year subscription to the Enhanced Payroll, we can purchase it from Amazon for $289.

https://www.amazon.com/dp/B07WHN8B9V

The same package would cost $785 if purchased at the Quickbooks site.

I know it seems unbelievable, but the agent that I spoke to confirmed this.
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Old 10-01-2019, 08:00 AM
 
7,296 posts, read 3,298,113 times
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If you can get payroll outsourced, it's worth every dime. Not only is it a huge hassle to do on your own, but going through a third party keeps you from having a running correspondence with the IRS. That's never a good thing.
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