QuickBooks Payroll Options

A Faster Way to Pay Your Employees from QuickBooks Payroll

24-hr Direct Deposit:

Details:

QuickBooks Payroll has recently launched an innovation to solve the pain point at the core of a small business – getting employees paid. With the latest feature, 24-hour Direct Deposit, it allows small business customers to approve your direct deposit by 5 PM PT and still make payday the next business day. Just enter each employee’s details as you normally would, whether it be an hourly or salary worker. The confirmation screen will display when the funds will be withdrawn from the employer’s bank account and deposited into the employee’s bank account.

Benefits:

  • Faster time to pay your employees
  • Free to use
  • Hold on to your cash longer
  • Flexibility to run payroll when it’s convenient for you
  • Available for all QuickBooks Payroll customers (QuickBooks Online Payroll and QuickBooks Full Service Payroll

Approved copy bullets (for email/chats):

  • Direct deposit is free for you and your employees
  • Submit payroll up to 5 PM (PT) the day before payday
  • Take more time to run payroll and hold onto your cash longer

Same Day Direct Deposit:

Details:

The latest offering from QuickBooks Payroll speeds up the time to pay employees even more! Same Day Direct Deposit allows small business customers to approve their direct deposit by 7 AM PT and run payroll the same day.

Benefits:

  • Fastest time to pay your employees
  • Free to use
  • Available for QuickBooks Full Service Payroll users only

Approved copy bullets (for email/chats):

  • Pay your employees faster with free same day direct deposit
  • Submit payroll up to 7 AM (PT) the day of payday
  • No additional charge for same day service

Comparison of Free Direct Deposit submission deadlines across different solutions:

Direct Deposit Submission deadlines for employees to recieve money on friday(PT)
MondayTuesdayWednesdayThursdayFridayTotal Time to Payday*
Intuit Same day DD
(QBFSP starting Feb 2018 )
7am4-16 hours
Intuit Payroll With 24hr DD
(QBOP,QBFSP in Dec 2017 )
5pm7-31 hours
Intuit Payroll
(IOP,IFSP,Desktop )
5pm31-55 hours
Competition* 12pm to 18pm 76 - 108 hours

*Xero=12PM PT, Gusto=4PM PT, Square=8PM PT. **Exact time depends on the employee’s receiving bank and can vary. Estimates in this table assume a range of Friday 12am to 11:59pm

Intuit: Professional payroll for over 1 million businesses

Options include:

Basic Payroll

You get standard payroll tax tables downloaded to QuickBooks. You create, file and pay payroll taxes on your own or with the help of your accountant.

Features:

  • Instant paychecks
  • Free direct deposit
  • Automatic tax calculations
  • No tax forms included—create reports and work with your accountant on tax filings
  • Free live support from payroll experts
  • Does not require, but integrates with QuickBooks
  • Run payroll from your iPad, iPhone or Android phone

Cost:

  • Billed Monthly: $20/month + $2 per employee
  • Billed Annually: $17/month + $2 per employee

Enhanced Payroll

Complete your entire payroll in just a few clicks.  Create paychecks in QuickBooks, Intuit automatically calculates payroll taxes and uses “E-Pay” to pay your taxes.  They also instantly generate federal and state tax forms for you, use E-File for no additional cost. You will need QuickBooks 2008 or later to use Enhanced Assisted Payroll.

(Most Popular)

  • Instant paychecks
  • Free direct deposit
  • Automatic tax calculations
  • Federal and State tax forms completed for you
  • Click to electronically file and pay taxes
  • Run payroll online anytime, anywhere or in QuickBooks
  • Reminders when taxes and forms are due
  • Free live support from payroll experts
  • Ability to print year-end W-2s
  • Pay employees and contractors
  • Run payroll from your iPad, iPhone or Android phone

Cost:

  • Billed Monthly: $28/month + $2 per employee
  • Billed Annually: $24/month + $2 per employee

Full Service Payroll

If you want to be hands-off with your company’s payroll so you can be hands-on your running your business, then Intuit Full Service is for you. You enter the hours, Intuit takes it from there.

Total pay and hours are instantly calculated. Intuit error detection technology helps ensure paychecks are accurate. Print checks yourself or use free direct deposit.

Intuit handles your payroll tax payments and forms for you, guaranteed accurate and on-time. If a tax issue comes up, Intuit will help resolve it for you.

Features:

  • Complete payroll setup—done for you
  • Data transfer from previous provider
  • Instant paychecks
  • Free direct deposit & year-end W-2s
  • We file and pay your payroll taxes for you
  • Keep your payroll tax money until it’s due
  • Get instant alerts with our Error Detection Technology
  • Guaranteed error–free paychecks and payroll taxes
  • Integrates with QuickBooks
  • Free live support from payroll experts
  • Run payroll from your iPad, iPhone or Android phone

Cost:

  • $79/month + $2 per employee
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