This provides the numerator for the price level equation, which represents the current year’s prices for the base year’s basket of goods and services. The base year basket quantities are then multiplied by the base year prices. If you’re in the market to upgrade your QuickBooks Desktop application or maybe even waiting to purchase QuickBooks 2022, it may seem like you can only purchase a subscription plan.
You can tack QuickBooks Online plans onto any QuickBooks Payroll plan and vice versa. The software must have features that allow users to set sales tax rates, apply them to invoices, and enable users to pay sales tax liability. The banking section of this case study focuses on cash management, bank reconciliation, and bank feed connections. The software must have bank integrations to automatically feed bank or card transactions. The bank reconciliation module must also let users reconcile accounts with or without bank feeds for optimal ease of use. Lastly, the software must generate useful reports related to cash.
- Salesforce CRM connector works with Salesforce Professional, QuickBooks Enterprise Diamond and Unlimited versions only; Salesforce is sold separately.
- Intuit, the company behind QuickBooks and many other top software packages, has decided to focus on their cloud-based QuickBooks Online version.
- Learn if it’s right for your business through our comprehensive QuickBooks Premier review.
- Intuit has created an ecosystem of its own when it comes to apps for small businesses.
How to Run QuickBooks Payroll Reports
Merchant Maverick’s ratings are not influenced by affiliate partnerships. QuickBooks Assisted Payroll is only available to new customers under the QuickBooks Enterprise Diamond plan. With QuickBooks Assisted Payroll, QuickBooks processes your payroll for you and automatically files your payroll taxes. QuickBooks Desktop Assisted handles the payroll setup for you as well.
We Want Your Feedback
With or without bank feeds, you can account for cash transactions and reconcile bank accounts just by entering the bank statement balance. Other accounting software programs require a bank feed connection to reconcile accounts. With QuickBooks Desktop Premier, you can still perform reconciliation even if you choose not to connect your bank accounts. Premier’s mobile app is weak compared to QuickBooks Online and Xero, which isn’t surprising given that QuickBooks Premier isn’t cloud-based software. Additionally, Premier also lost in pricing because it can get expensive for multiple users. It’s ideal for businesses that need to keep separate books for multiple companies and have an experienced bookkeeper who rarely needs assistance from an offsite accountant.
- Also, we don’t recommend learning QuickBooks Desktop Premier on the job because mistakes can create very messy books quickly.
- Money movement services are brought to you by Intuit Payments Inc. subject to eligibility criteria, credit and application approval.
- The software must have bank integrations to automatically feed bank or card transactions.
If QuickBooks Desktop offered a tax filing service for its users, then that would have earned it a perfect score. However, despite this weakness, it still provides a convenient way of tracking taxes. QuickBooks will monitor the accrual and payment of sales tax separately for each taxing authority. You can define which types of sales should have sales tax collected. While QuickBooks Desktop has strong A/P features, the A/P module isn’t easy to use. Users without experience in bookkeeping and accounting software programs will have a hard time navigating.
Service or project-based businesses should choose accounting software that can track project costs, revenues, and profits. The software must have tools to track time, record billable hours or expenses, send invoices for progress billings, or monitor project progress and performance. Intuit workforce portal is an employee self-service platform that enables employees to view their paychecks and W-2s. They can also apply for leave, view leave balances and enter time sheets on the portal.
Pros
You can purchase QuickBooks Payroll by signing up for a QuickBooks Enterprise plan on the Intuit website. If you are currently using version 2023 or an earlier version, I highly recommend upgrading to our latest release, which is version 2024. Personally, I don’t have an issue with a transition to QuickBooks online, but the company owner is absolutely against switching from Desktop to an online system. To answer your question, yes, the notification you’re receiving does sound like it’s providing info about migrating your Desktop Payroll to the Online version. First, after May 31, 2024, all QBDT 2021 software will be discontinued. Including all 2021 versions of QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Desktop for Mac, and QuickBooks Enterprise Solutions v21.
Is QuickBooks Desktop Payroll different from Intuit Online Payroll?
This makes setting up the software easy, and users with prior QuickBooks experience will find the payroll dashboard easy to navigate and use. QuickBooks Desktop Payroll works within QuickBooks Desktop, which offers over 260 integrations. This includes popular business apps and software like QuickBooks Time, Expensify, Shopify, and Chaser.
Its live expert guidance, expert review and support, 24/7 chat service and robust knowledge database are perfect even for first-time users. Terms, conditions, pricing, special features, and service and support options subject to change without notice. Users cited a cumbersome process when setting up payroll, a lack of customer support, and ever-increasing prices as their primary concerns regarding the software. Customer support was a mixed bag, with some reviewers praising the service and others lodging complaints about the lack of support they received. If your small business is looking for cheaper, cloud-based payroll software with a more comprehensive feature set, consider QuickBooks Online Payroll.
In addition to the basic QuickBooks Enterprise features, QuickBooks Enterprise Platinum also includes advanced inventory, advanced pricing, and bill workflow approvals. QuickBooks Premier has almost all of the same potential additional fees as QuickBooks Pro, with a few minor variations in cost. Be sure to consider these when determining how big of a dent QuickBooks Premier will leave in your wallet. When purchasing QuickBooks Desktop Pro, there are several additional fees to be aware of. Intuit isn’t always very forthcoming with these add-ons and fees, so we wanted to share them. In the next few sections, we’ll cover the pricing structures of QuickBooks Pro, Premier, and Enterprise in more detail.
How does payroll work in QuickBooks Desktop?
The software must have enough reports that can be generated with a few clicks. Moreover, we’d also like to see customization options to enable users to generate reports based on what they want to see. The A/P section focuses on vendor management, bill management, bill payments, and other payable-related transactions.
Take time to compare Gusto versus QuickBooks Online Payroll if you’re considering either option as an alternative to QuickBooks Desktop Payroll. You need to have QB Desktop Enterprise Gold or higher to quickbooks premier payroll use the payroll feature. As I know, Intuit will support QB Desktop 2024 until 2027 and they should release QB Desktop 2025 Enterprise on schedule this year. Consider to renew your subscription thru a partner and get perpetual discounts up to 20% off. If you have additional questions about the provided updates, please don’t hesitate to get back on this thread.
One of the biggest differences between QuickBooks Pro and QuickBooks Premier is that Quickbooks Premier offers six industry-specific versions of the software in addition to the standard version. These industry editions add customized features and reports to fit your business needs better. If a user provides accurate information on time and something still goes wrong, QuickBooks will pay the payroll tax penalties. QuickBooks Payroll Premium and Elite plans come with QuickBooks Time, which lets employees clock in and out on their smartphones. The Elite plan also includes a geofencing feature that notifies employees to clock in and out based on when they arrive and leave a job site. The feature can help with job costing for project-based businesses like landscaping companies, where employees work in different locations depending on the project.
QuickBooks Online is the only accounting software QuickBooks Payroll integrates with, and if you have employees in more than one state, you may have to pay extra monthly tax filing fees. If you need to send invoices, accept payments, and view reports on the go, then we recommend choosing QuickBooks Online especially if you plan to stay within the QuickBooks product line. QuickBooks Payroll provides expert review with its top-tier plan. Recently, it has added live support to its QuickBooks Online plans. If you do not opt for a 30-day free trial, you can access one-time live setup support within the first 30 days.
Payroll experts are hypothetically available for important issues, but getting to one and talking things through can take a long time. Otherwise, your support options are generally limited to taking the DIY route. Through the QuickBooks Workforce portal, new employees will be able to set their bank accounts, addresses, phone numbers, W-4s, SSNs, and birthdates. QuickBooks Desktop Payroll earned a 3.7/5 star in the features category, which is low compared to other payroll software solutions on the market. If you’re already accustomed to QuickBooks, QuickBooks Desktop Payroll will seem familiar and easy. QuickBooks Desktop Payroll works with locally-installed QuickBooks Desktop accounting software.
You can customize to add or delete the columns that you want in the reports before running them. If you mark a report as a favorite, you can access it in a single click the next time. You can either export the reports to Microsoft Excel or print them directly. For other plans, you need to integrate payroll with Facebook’s Time Meter or any other time tracking app. QuickBooks Payroll calculates, files and pays all federal and state payroll.
Can I buy QuickBooks Desktop without a subscription?
An upgraded plan that includes QuickBooks Enhanced Payroll is also available, or you can purchase QuickBooks Payroll as an add-on. Both plans are billed annually and include automated backup and recovery, unlimited customer support, and automatic updates. Despite the advantages of the Elite plan, we recommend the QuickBooks Payroll Core plan for small businesses, especially mom-and-pop operations. It handles all your payroll needs, integrates with QuickBooks, and has the same customer support as the Premium plan. It lacks time tracking, HR features, and automated local tax filing, but it has multiple integrations that may be less expensive overall than upgrading. Naturally, it’s a good place to start, and you can upgrade at any time if you wish.