Explained: Benefits of QuickBooks Assisted Payroll Service

QuickBooks offers technically advanced and innovative solutions to ease up business management processes for small and medium-sized companies. QuickBooks Associated Payroll service is one such add-on. It helps to manage and e-file the payroll-related taxes. In this article, we will go through the details of the QuickBooks Assisted Payroll service.

If you have further queries about assisted payroll service or you need any help regarding QuickBooks, then contact us at our TFN (1-855-856-0042).

What is QuickBooks Desktop Assisted Payroll Service

QuickBooks Desktop Assisted Payroll service is a feature offered by Intuit through its QuickBooks Payroll to manage and e-file all the payroll related taxes of the employees. When the employer issues the paychecks, It fetches the related data and then calculates the taxes on its own. You can authorize it to file these taxes on your behalf. If the user already uses QuickBooks and payroll for accounting and payroll issue then they don’t even need to feed any details. They just have to keep doing their regular work and QuickBooks assisted payroll will automatically fetch data when paychecks are issued and use it for all the tax-related calculations and then the users can verify it and proceed with the authorization for e-filing.

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The Consequence of Payroll errors for your business

If there are frequent errors in the payroll issue to employees then it can have various consequences. The consequences of payroll errors can range from a trust deficit to legal issues. These issues can be resolve by using the assisted payroll service. We have listed them out for you:

• A payroll error damages employer-employee relations. It is detrimental for rapport building.
• You might end up losing money due to overpayments.
• There is a great deal of time involved in rectifying the payroll errors thus it is best to avoid them.
• It harms your reputation as an employer and able candidates would not be willing to work with you.
• The errors may result in non-compliance of norms and missing deadlines that can attract penalties.

Types of Error in payroll paychecks

You may come across a range of errors in payroll paychecks. It might be a calculation error or a human error. Let us look at some of these errors:

• There might occur an error in calculating the leave and vacation days affecting the overall paycheck amount.
• There might occur a wrong tax adjustment.
• Incorrect information can result in overpayments or underpayments to the employees.

Also read this blog: A Quick way to Resolve “QuickBooks Company File Not Found.

As these Payroll errors can affect your company in various ways, you should be careful with them. Through this article, we discussed the QuickBooks Assisted Payroll and its benefits. If you have further queries or you need any help regarding QuickBooks, then contact us at our  (1-855-856-0042).

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