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More…Intuit's relatively inexpensive (a flat fee of $30 per month) Web-based payroll preparation service is aimed at businesses that don't use its popular QuickBooks application. To set up Online Payroll, you complete a questionnaire and then take a guided step-by-step tour through the service to pay employees, pay taxes, and file tax forms.
Intuit Intuit Online Payroll
Pros
Inexpensive
Easy-to-use
Cons
No integration with accounting software
Supports tax forms in only 19 states
Bottom Line
Good value for a standalone online payroll service.
Intuit Online Payroll
Intuit Online Payroll Review, by Richard Morochove April 10, 2008
Online Payroll offers 13 types of compensation, from the most common (salary and hourly) to specialized pay types such as piecework, commission, and tips. You can adopt any of four pay intervals: weekly, biweekly, twice per month, or monthly.
Like PayCycle's competing Payroll Plus 2008, Online Payroll lets you print paper paychecks and pay stubs, and deposit net pay electronically into employees' bank accounts. Both services also maintain current tax tables, calculate gross pay and deductions, compile your pay and tax records, and can help you prepare your payroll tax forms at filing time.
But Online Payroll provides tax forms for only 19 states; if your state isn't among these, you'll have to complete the state tax forms manually. Also, Intuit Online Payroll doesn't integrate with QuickBooks or any other small-business accounting software. As a result, you'll have to prepare a manual journal entry after each payroll to specify the payroll and deductions in your accounting records.
This requirement is fine for businesses that keep their books manually, but it's a significant drawback for businesses that use accounting software. Intuit offers other payroll programs--including Basic Payroll and Enhanced Payroll--that do integrate with QuickBooks.
Despite its shortcomings, Intuit Online Payroll is cost-effective and easy to use.
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Discussion: Web Services Make Quick Work of Payroll
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Thank you Richard for the great review. As always, very informative. As one of the founders of PayCycle, there is one set of features that I would like to call out that differentiates PayCycle from the competition: our electonic payments and filing. PayCyle offers electronic, one click, payment and filing of taxes for over 80% of the businesses in the US. If you have ever had to rush to the bank to make a tax payment or the post office to mail a form/payment, you know how valuable this service is. PayCycle reminds you when to click and then all you have to do is click to take care of your taxes. A significant amount of PayCycle's resources have been invested in building this functionality so that businesses can have the simplest way to file and pay their employment taxes. We know it is important because it is one of our strongest rated features. Simply put, customers love it.
Rene Lacerte
CEO/Founder - Bill.com -
Bill,
When will you have integration with Microsoft Office Accounting 2008? Integration with this software program would make my life and the lives of those users of this software product so much easier.
Thanks,
Michael
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