Monday, June 17, 2013

Payroll and Your Business

I am often asked what I recommend regarding payroll. My answer is always, "Out source payroll!"

Payroll can be a huge undertaking. A few of the many considerations are; making sure the appropriate tax amounts are withheld, tax deposits are made on time, and returns filed correctly. It is just too easy to mess up payroll.

When choosing a payroll processing company it is important to use a very reputable firm. Employers are responsible for the service's failings. According to The General Ledger, "In one recent case, when a payroll service company went bankrupt after allegedly embezzling client's money, the IRS told each client it owed tens of thousands of dollars in unpaid taxes and penalties, even though each had given the service the money for the taxes." So choose wisely and have all correspondence from the IRS or State regarding your taxes come directly to you.

QuickBooks offers payroll services which integrate easily with your QuickBooks file and allow you to make Intuit QuickBooks Payroll Enhanced. This service costs less than $30 per month!
good use of the time sheet data within QuickBooks. You can learn more about QuickBooks payroll services at

Other companies such as PayChex and ADP also offer complete payroll services. An agent will meet with you and assess your needs and give you an estimate of their charges. Tip: these rate are negotiable!

Out source your payroll but be sure to use a reputable company.

--Rhonda H. Smith
Your QuickBooks Coach


Tuesday, June 4, 2013

Quick Date Entry in QuickBooks

Looking for a quick way to enter dates in QuickBooks? Check this out...
T = today's date
M = First day of the month you are working in
H = Last day of the month you are working in
Y = First day of the year
R = Last day of the year
+ = Move the date forward by one day
- = Move the date backward by one day

--Rhonda H. Smith
Your QuickBooks Coach