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Top Ten Year-End Intuit QuickBooks Payroll Processing Checklist

quickbooks payroll processing checklist

Payroll Year end payroll process tasks generally occur after the rush and celebratory atmosphere of holiday season has gotten over. Considering the lazy way many employees still work in after the holiday season, it is quite imperative for businesses to employ payroll support agencies like QBPayrollHelp in order to avoid mistakes and discrepancies occurring due to less focus on current tasks. However, it is not necessary that these issues arise because of less concentration and more of other valid reasons.

Those who operate their payroll system on their own and manage it also are quite aware of its complexities revolving around rules and regulations, procedures, tax laws and forms, deadlines etc. Doing all these at the end of the year is another battle altogether. Payroll process has always made bookkeepers and accountants a little wary considering its time consuming quality and prone to being error ridden if done with only half focus. For this very reason, many businesses opt to employ payroll expert agencies who could offer experienced support via QuickBooks Payroll Tech Helpdesk especially for those pesky but imperative year end QuickBooks payroll processes which if went wrong can be quite costly for the business. As per the survey of IRS (Internal Revenue Service) financial year ending on March 2015 saw at least 40% of small businesses paying tax penalty of an average $845 which were mainly due to mistake like non-payment or delay in payment of withholdings, misclassifying employees or improper filings etc.

Many support agencies like QBpayrollhelp accord customers and clients with supreme quality of support that helps to finish their payroll tasks by choosing an option from several different levels of services from guides for do it yourself payroll process to Intuit full service payroll options. They also offer sound advice over which QuickBooks payroll software integration will be the best for the business after understanding its needs and requirements. Many agencies like Ebbs Associates are also world renowned for being one of the only support agency to provide proper authentic training on regular basis for QuickBooks and QuickBooks Payroll at their Portland address or training center. For the current financial year their schedule was as follows:

Orientation of the Program: 5th January 2016

1st Class was scheduled on: 5th January 2016

Last Class was scheduled on: 5th April 2016

All the classes were held on Tuesdays for 3 hours from 5:30 p.m. to 8:30 p.m.

In case the user is still not using a payroll service by Intuit integrated with QuickBooks, then they need to pay close attention to the checklist of 10 tasks enumerated below as they need to be completed before the end of the year forms can be generated.

The Checklist of Top 10 Payroll Tasks

  1. Be up to date with latest updates for payroll.
  2. Automatic updates option should be turned on for QuickBooks Payroll software.
  3. Supplies required should be ordered before generating payroll tax forms.
  4. Employee data for active ones should be checked and verified.
  5. Year-end bonuses decided to be distributed should be performed
  6. Proper verification of the data of exempted employees must be covered.
  7. Verification and reviewing of the data revolving around the benefits accorded to the employees.
  8. Wages, sick leaves and holiday leaves applied by the employees should be verified and corrected if recorded wrongly.
  9. Information regarding the transactions performed with the vendor should be completely verified for Forms 1099 and 1096.
  10. State Unemployment and Disability insurance rates should be verified and updated.

Note: For more detail on the above 10 checklists, you can visit Intuit website on My Year-End Checklist.

For more details on how to manage payroll processes and avoid getting penalized for misinformation or delay in depositing of payroll tax by gaining insight into the system through QuickBooks Payroll or Intuit’s customer care team. You can also contact QBPayrollHelp for proficient support in handling any sort of technical errors or issues through their Toll Free Number +1(844)-827-3817.

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