Thursday, September 6, 2007

Can I do payroll from Quickbooks Professional? Whats the difference between that and Quickbooks Payroll? -

Can I do payroll from Quickbooks Professional? What s the difference between that and Quickbooks Payroll?It seems that the professional edition has everything you need to do payroll - am I wrong?Also, on additional note, do I need any other Quicken software other then professional services for a law firm?

I can t answer all your questions. But I ve used Quickbooks for years (all the way back to 1988). Never had to do payroll with it though. (I worked for small businesses who paid via 1099 forms to independent contractors). [As an aside, not sure that was/is entirely legal - probably not]. But I had comandeering bosses and I caved in. [As another aside, I recently stopped working - for all of them. Asking me to manipulate the books was not right and my conscience finally got the better of me].But anyhoo, I believe that Quickbooks Pro will completely be able to handle a law firms accounts - the payroll thing is this - you have to subscribe to a yearly subscription from Intuit in order to activate the payroll module - they do this 1) to make money obviously, and 2) your business needs yearly updated tax tables to properly prepare the payroll.From what I could tell, Quickbooks Payroll is kind of a stand-alone thing. But it would almost definitely need a paid upgrade each year as well.I think you would be better off using QB Pro and subscribing to the payroll upgrade service. That would link the programs together and be so much easier to maintain. My opnion.

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