There are many excellent payroll processing apps such as OnPay, Gusto, ADP, Paychex, etc. available in the market. By providing feedback on how we can improve, you can earn gift cards and get early access to new features. Our Gusto vs. QuickBooks Payroll comparison takes a deeper look into the differences between QuickBooks Online Payroll and Gusto, including pricing, features, and more. Generally, QuickBooks Online doesn’t experience data breaches frequently. Most recently, QuickBooks worked to mitigate its software’s security vulnerabilities to cybercriminals exploiting the logj4 code that QuickBooks software is built on. Cybercriminals have exploited logj4 coding present in QuickBooks software to steal data.
QuickBooks Online Payroll Elite + Plus
Once your employees are enrolled, their hours and pay scales set, and your pay dates set, running payroll is simple. Overall, QuickBooks Online Payroll boasts a range of features that make it a great option for businesses already within the QuickBooks ecosystem. As a standalone solution, though, it doesn’t stand out from the competition. Small businesses might find all those features dizzying, inflexible, and more expensive than other small business options, such as Gusto or Square Payroll, which keep things simple.
Additional QuickBooks Payroll features
The QuickBooks Desktop Payroll system works with QuickBooks Desktop products and the QuickBooks Intuit Online Payroll platform, which is available for QuickBooks Online clients. CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. CPA Practice Advisor has products that deliver powerful content to you in a variety of forms including online, email and social media. There are many reasons businesses should consider using QuickBooks Online Payroll Premium, one of which is the increased security features it offers.
What is QuickBooks Payroll Elite?
You can take advantage of the benefits of QuickBooks Online Payroll Core, Premium, or Elite, but still use your QuickBooks Desktop file for accounting if you need. Gusto is an all-in-one people platform that simplifies payroll many human resources tasks. With our expertise, you can be assured of getting the right product at the best price. Tax tables and paycheck calculations are updated automatically before each payroll run. All QBO Payroll versions are full-service payroll, on par with Assisted Payroll for Desktop. Contact us to schedule your free consultation to get the most benefit from your software.
- The platform’s reporting dashboard is easy to navigate and allows users to favorite specific payroll reports for quick access.
- You can add team member—employee or independent contractor—details manually or import from external sources, such as spreadsheets or previous payroll applications.
- QuickBooks Online Payroll Core is a great option for businesses with a few employees.
Your budget and the amount of work you want to put into your payroll can help you decide which QBO Payroll plan is right for you. At the Core pricing level, the automated tax filings, basic reporting features, and basic benefits management programs are enough to help a small business with a handful of employees. As a business grows and the HR requirements increase, the offerings at the Premium and Elite levels may align better. QuickBooks Payroll Core is a better option for small companies than the Elite plan, even though it comes with more features.
If you’re looking for comprehensive HR and employee-benefit features on top of basic payroll tasks, QuickBooks Payroll might not be the best fit. Sure, it offers all the basics, like workers compensation insurance, health insurance management, and 401(k) plans. But Gusto includes more varied perks, such as health savings accounts and life insurance options. And competitors like ADP, Paychex, and UZIO have better payroll-plus-HR packages with more comprehensive HR solutions than QuickBooks.
QuickBooks Payroll may easily be integrated with any existing human resources (HR) system, such as an HR team or HR software. Payroll software can save you time and money by automating tax filing, direct deposit and employee self-service. It can also help you manage your payroll, HR, benefits and talent from a single platform. When it comes to pricing, QuickBooks Payroll costs less than OnPay for those that have five or more employees. Pricing aside, QuickBooks Payroll provides integration only with QuickBooks Online but with OnPay you can integrate with multiple accounting software such as QuickBooks Online and Xero. Besides, QuickBooks does not automatically process local taxes; you need to do that manually at your end.
As handy as QuickBooks Payroll is, it’s not the only solution available to those who already use QuickBooks for their accounting needs. We’ve compiled a list of the best online payroll software and services if QuickBooks Payroll doesn’t match your requirements. In addition to QuickBooks, you’ll discover a slew of additional options on the list. Our list of the greatest professionals Employer organizations (PEOs) are a good place to start if you’re searching for something more comprehensive.
It doesn’t add quite as many additional features as the Premium plan adds to Core, but it does increase the personnel that can be summoned at a moment’s notice. QuickBooks Core if you’re looking for a simple, easy, and painless way to pay your employees and file your taxes. QuickBooks remains one of the most popular payroll services, and the Core plan is a great way to get all the essentials.
How Does QuickBooks Online Payroll Pricing Work?
A QuickBooks Online Payroll API for time tracking and deductions is available on the platform’s developer sandbox. At Tech.co, we have a number of full-time in-house researchers, who re-run this research process regularly, to ensure our results remain reflective of the present day. When it comes to calculating a provider’s final score, not all research areas are weighted evenly, as we know some aspects matter more to our readers than others. After hundreds of hours, our process is complete, and the results should ensure you can find the best solution for your needs. The next step is a free 30-day trial to see if QuickBooks Payroll is for you.
- Next- or same-day direct deposits are supported, depending on the plan, but either one helps make payroll simple.
- QuickBooks Payroll is incredibly convenient to use, especially for small businesses that are already using or are planning on using QuickBooks Accounting.
- Once you enter personal and payment details, payroll is calculated automatically on the pre-decided date.
Paychex starts at just $39 per month, plus $4 per employee per quickbooks online payroll premium features month, making it less expensive than QuickBooks’s lowest plan. All QuickBooks Enterprise plan users pay an additional fee for contractors paid via direct deposit. QuickBooks Enterprise Diamond users will pay just $1/employee per month under the Assisted Payroll plan.
QuickBooks’ time tracking offers businesses the ability to manage and track employee and contractor time through a QuickBooks Time integration. Users will need a subscription to the QuickBooks Online Payroll Premium tier to access time-tracking features. Additionally, while QuickBooks Online Payroll’s cheapest plan for paying both employees and contractors doesn’t include local tax filing and payment, both Gusto and OnPay’s cheapest plans do. Terms, conditions, pricing, special features, and service and support options subject to change without notice. QuickBooks Payroll pricing starts at $45 per month, plus $6 per employee for its Core plan.
Regardless of the version you pick, QuickBooks Payroll Online offers full payroll software (so that employees can be paid and taxes can be deducted and filed). Many more programs may be added, however the procedure is not as straightforward as with the ones described above. QuickBooks Payroll Premium includes everything in QuickBooks Payroll Core and has some additional features, such as workers’ comp, HR support, and automated local tax filing.