The QB Payroll is designed specifically for employers to pay their employees. You do not need to be a payroll expert to complete the process. QuickBooks Payroll UK helps you submit the information to HMRC, calculates taxes, employees, NI and Pension Contributions, etc. It also helps you run payroll more confidently and faster.
You will get the best payroll-processing service. QB also updates and adds more features & functionality to its tool. This article will give you a complete review of the Payroll UK QuickBooks tool. Read the article to know more about its features and pricing.
What Is QuickBooks Payroll?
QuickBooks Payroll is designed for businesses which have 50 or more employees. It offers next-day or same-day direct deposits. You can choose between three subscription plans. If you need more service, then you can upgrade the plan.
Here is the comparison between three subscription plans:
| Plan | Pricing | Features |
| Core | $45 (+$5 per extra employee) |
|
| Premium | $75 (+$8 per extra employee) |
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| Elite | $125 (+$10 per extra employee) |
|
Key Features Of the QuickBooks Payroll Software
The main feature includes reports, next-day direct deposit, health & retirement plans, tax filings, and payroll runs. Here are the different key features of the QB application.
Ease Of Use
It is the most complex and challenging payroll solution. QuickBooks Payroll dashboard is similar to the QuickBooks online tool. Clicking the Payroll option opens the submenus. You can go to the Settings and Tools option. The Dashboard is called Overview. It includes setup tasks, to-do-list, payday information, and other common tasks. Payroll processing does not require excessive adornment.
Read More:- Sage Online Employee Set Up To View And Download Payslips
Employee Records
You can add employees during the setup. It includes OnPay and different tasks to create pay schedules, benefits, and withholdings. You can manage these tasks in the employee record section. You can enter the employee details in this section.
Employee Benefits & Pay
In this section, you can add the payment information of your employee. You can also set up a payment plan based on commission only, salary, or hourly rate. It also allows you to change the payment details. Choose any other earnings option, such as reimbursement, bonuses, and overtime.
QuickBooks lets you create an unlimited number of payment types. After that, you can add contributions and deductions. Enter the deductions, advance repayments, loan details, retirement plans, health insurance, and HSA plans.
Invite Employees
QuickBooks allows you to invite your employees to share their details. They can access paycheck information and W2 forms. The payroll tool offers more tools and data to manage the accounts. However, the local, state and federal tax information can be quite challenging.
Contractors
Go to the Contractors tab and generate new records for your employees. You can also run a separate payroll for contractors. It lets you handle all types of workers.
Reports
You can create impressive reports in the Payroll software. QB payroll offers 20 report templates; you can customise or edit them. It includes worker’s compensation, total payroll cost, payroll summary, and employee details. Print these reports and export them into excel software.
Same Day Or Next Day Deposit
The next day or same day deposit makes the direct deposit feature easier. If you want the same-day direct deposit, then upgrade to the elite or premium plan. This feature is not available in a few other payroll software. It is ideal for cash-flow management to manage any small and medium businesses.
Payroll Runs And Approve Payroll
The Payroll processing time depends on the number of employees. It varies according to the earnings type and hours. You can click on the Run Payroll link to start the process. Open the list of employees to establish multiple pay schedules.
It offers six default columns, including Total Pay Hours, Memo, Regular Pay Hours, Pay Methods, Total Pay, and Employees. If you want to edit the paycheck, then tap the Pencil icon. After that, you will get the list to edit the details. If there are any additional or alternate earnings types, then you can enter them in the Pay section.
QuickBooks Payroll UK For Smartphones
The application is available for both iOS and Android devices. The Android application allows you to create additional paychecks. You can visit the previous payrolls by tapping the Pay History icon. On the other hand, the iOS application works differently. You will get a bar graph, an employee list, and other menus.
The application lets you access settings, payroll history, and tax information from the navigation menu. You can also set up contact photos, notification sounds, and passwords. Your employees can access the pay stubs from the payroll app.
QuickBooks Payroll Cost
It is the most expensive payroll solution with three subscription plans. The base version costs $45 per month. If you want to add extra employees, then you will have to pay $4 per user per month. QB premium plan costs $75 per month and $8 per employee.
QuickBooks Elite plan costs $125 per month and $10 per employee. It also offers tax penalty protection, remote project tracking, and an HR advisor.
Pros & Cons
The below table includes the benefits and drawbacks of the payroll software.
| Pros | Cons |
| Simple user experience | Expensive |
| Smooth payroll process | Unreliable time tracking integration |
| QuickBooks Online integration | App is missing different tools |
| Impressive reports | Limited integration |
| Same Day or Next Day integration |
Is QuickBooks Payroll Good For You?
Intuit offers three different plans. You can fill out the year-end filings and state & federal taxes. The simple software offers vision insurance, dental, and medical benefits. Employees can easily access the paid balance details, W-2 forms, and pay stubs. You will also get live support and call-back options. The user interface is also user-friendly and intuitive. It provides time-saving options to manage your payroll process easily.
If you do not want to use QB payroll, you can use other payroll software like Paychex, Gusto, Run, and Patriot.
Conclusion
QuickBooks Payroll UK offers the best tools to manage your payroll. However, it lacks some flexibility and functionality compared to its competitors. It also offers QuickBooks Online integration. The payroll tool is the best option for your business. If you want to make accounting easier, then use the QuickBooks Payroll application.
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Frequently Asked Questions
Follow these steps to set up Payroll in the QuickBooks tool:
- Firstly, tap the Payroll option.
- Select the Payroll plan from the list.
- Then, tap the Standard Payroll option to continue.
- Fill out the required details.
- After that, enter your HMRC account details.
- Finally, save the changes and confirm your actions.
The cost of QuickBooks Payroll software depends upon the subscription plan and the number of employees. There are 3 subscription plans:
- Core: $45 ($5 for additional employee)
- Premium: $75 ($8 for additional employee)
- Elite: $125 ($10 for additional employee)
Here are the top features of the payroll tool:
- Employee records
- Employee pay & benefits
- Invite your employees
- Contractors setup
- Reports
- Same-day direct deposit.
