How to do Manual Payroll in QuickBooks?
With the recent hike in the cost of the payroll, subscriptions have affected the QuickBooks users and the ProAdvisors who accord payroll services to clients directly or assist clients with QuickBooks Payroll.
Due to the price escalation of the QuickBooks payroll subscription prices, small businesses would prefer manual ways of doing payroll rather than automating their payroll system. While some small businesses want to automate the payroll within their accounting, many businesses fail to afford the payroll subscription.
The payroll subscriptions are the add-on software to QuickBooks as it does not feature any of payroll functionalities. It seamlessly integrates with the payroll subscriptions and assists in the smooth handling of payroll activities. If want to know the best-suited payroll subscription or want to upgrade your payroll subscription, contact QuickBooks Payroll Customer Service.
Steps to Manual Payroll in QuickBooks Software
Manual Payroll is not a simple option to choose the payroll preferences. It involves certain steps that need to be followed to perform manual payroll successfully. In case you are not interested to subscribe QuickBooks Payroll subscription, your QuickBooks program can be set up to perform a manual payroll process.
To turn on manual payroll follow the below-mentioned steps:
Total Time: 24 minutes
Go to QuickBooks and click on Help -> Select QuickBooks Help
Locate the manual setup by entering compute payroll manually
A Series of payroll topics will be displayed
Choose Calculate payroll taxes manually from the list of topics
When the topic window is opened go through the info thoroughly, which involves the disclosure statement in case you prefer a manual payroll process they assume no liability for any incorrect computations.
Below the info find “Set your company file to use the manual payroll calculations setting.”
Click on the words manual payroll calculations
The help window also displays an additional message stating “are you sure you want to set your company file to use manual calculations?”
You can also see “Set my company file to use manual calculations.”Click in case you wish to proceed
QB displays the message “You must now calculate and enter your paycheck amounts manually.”
The manual Payroll process becomes active. You will notice that the Payroll items are supplemented to the List Menu, and you are authorized to approach the same type of payroll item functionality that payroll subscription users use.
You will be able to access the Payroll checks and other payroll functionality that had been turned off in your QuickBooks.
Setting-up payroll items, and employees, and processing payroll and payroll taxes can be done similarly as done by payroll subscription users. Only the dissimilar feature was to calculate all taxes manually by using the manual tax tables or tax formulas.
You are restricted to prepare or printing payroll tax forms using manual payroll but you can get the information within QuickBooks Payroll reports. Also, you have to manually prepare the tax filings and feed them to an online reporting system (like EFTPS – Electronic Federal Tax Payment System).
Comparing the value of manual payroll over payroll subscriptions, for large businesses payroll subscription is more effective and affordable. Manual payroll is recommended for small businesses.
In case you face problems in the above-mentioned steps to manual payroll in QuickBooks you can approach QuickBooks customer support. The QB support team includes highly experienced experts who provide instant solutions. You can contact them through email or the online chat option.