QuickBooks Payroll Cost In 2020 | Compare Prices, Reviews, Products, Pro & Cons, Alternatives
QuickBooks is an easily navigated and affordable payroll software for many small businesses. Here’s what you need to know about using Quickbooks for company payroll.
Inquit QuickBooks Info:
Headquarters: Mountainview, CA
CEO: Sasan Goodarzi
Stock: INTU (NASDAQ)
# Employees: 200+
Choosing the right payroll system for a business can seem like a bear of a task at first. There are dozens of programs all offering various perks at different prices.
With every program, there are different levels of offerings and each of those offerings has discounts, various services, and an impact on your business.
We’d like to step in and help you find the answers about the Quickbooks Payroll cost and services they provide for those costs.
What is QuickBooks Payroll?
Quickbooks is a program sold by Intuit that helps a business maintain their paychecks, tax information, and worker’s compensation.
Simply put this program makes managing employees easier and businesses easier. Their goal is to save you time so that you can work on running your business, not crunching numbers.
It’s one of the most widely used programs on the market.
Quickbooks Payroll provides services like:
- Direct deposit paychecks
- W-2 Management
- 1099 management
- Automatic tax forms
- Payroll set up
- Payroll support
- Time tracking
Some Benefits of having Quickbooks Payroll are:
- Price is competitive
- Setup is streamlined
- Great for small businesses
- Multiple platform support (mobile, Mac, Windows, etc..)
Some drawbacks to Quickbooks payroll are:
- Poor inventory management for large businesses
- Customer support is difficult and time-consuming
- Lacks specific features that other programs have
There are many other ways to accomplish the same results, but Quickbooks strives to save you time so you don’t have to stay up late stressing about your employee’s pay.
Quickbooks Payroll Cost
Cost is typically where Quickbooks wins people over. They almost always have a sale going on, but their services vary depending on when you catch them.
They have three plans that they offer that increase how automated the system can be and how much support you’ll receive. All of these plans are frequently discounted between 25% and 50%.
Their lowest cost plan starts at $45 per month. Currently, the cost of the Quickbooks Payroll Core Plan is $22.50 for a three-month commitment. This plan will include an additional cost of $4 per employee per month. For two employees you’d be paying $30.50 per month. 50 employees would cost $222.50 per month.
The middle-level plan for Quickbooks Payroll starts at $75 per month, but at this time, it is going for 50% off at $37.50 for three months’ commitment. This plan will include an additional cost of $8 per employee per month so with two employees you’d pay $45.50 per month or with 50 employees it would be $437.50 per month.
Premium features include automatic time tracking and same-day direct deposit. You also get access to on-demand experts to resolve any payroll queries you may have.
This will run you $125 at its core cost per month which is currently discounted by 50%. The final plan will include $10 per employee per month, so two employees would cost $82.50 per month, and 50 employees would be $562.60 per month.
Payroll Elite includes Tax Penalty Protection, where Quickbooks will resolve any filing errors and pay any penalties or fees incurred.
If you aren’t seeing a discount on their product, wait a week or two and something will come up! Intuit is always trying to make the barrier to entry lower.
Find the Right Payroll Program for Your Business
Finding the right payroll service for your business can be overwhelming at times. There are dozens of programs out there that assist with the monstrous task of managing payroll.
Helping you decide if the Quickbooks Payroll cost falls into your budget is our pleasure.
We’ve focused on helping people find the right fit for them by comparing these services for you. If you have questions about which service will serve you best, be sure to contact us at any time.