For ADP & Paychex, delivery of physical checks and forms is either included or available as an extra-cost service. For all but 1 service plan (Assisted Payroll) it also needs to print any forms that will be distributed to employees, such as W2’s. For all of the Intuit services, an organization must print any physical checks it needs to distribute. If you need to distribute physical checks to employees, there are some fundamental differences between Intuit’s service offerings and the competitors we evaluated. In payroll processing, as you’ll soon see, the devil is in the details.
We started with online quote systems and supplemented what we learned with phone calls and emails to pin down the details.
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Once implemented, the firm will be switching from the current manual payroll system. Payroll costs should easily integrate with the QuickBooks GL.
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Our objective was to find the right software or service to prepare payroll and file/pay all payroll taxes for a firm with a payroll of 10 employees paid weekly in a specific northern Virginia zip code. Let’s see how the 3 payroll service providers stack up in 2011.įirst, the basics. It’s easy to see that Intuit is encouraging users to process payroll online by making the online service offerings more capable and widening the price gap to similar desktop products. In the same time period, the effective cost of its desktop payroll products has jumped by 32%. Since we conducted our initial analysis more than 2 years ago, the cost of Intuit’s online payroll offerings has either dropped by 24% or gone up by 4%, depending on the product you choose, and there are more online products from which to choose.
The big impact: Intuit’s focus on online payroll products has increased. Pa圜ycle was one of the largest players in the online payroll processing market, and the acquisition added significantly to its share of this market. In 2009, Intuit acquired Pa圜ycle for about $170 million. Since our initial analysis, there were some big changes in the payroll processing world.
We did our initial comparison in late 2008, and we freshened that analysis at the start of 2011. In response to a request, we undertook a comparison of 3 big payroll services: Intuit, ADP, and Paychex. That’s where payroll software and services prove their value on a regular basis. As every business owner knows, it takes a lot of work to turn timesheets into a completed payroll either in the form of paychecks or direct deposits, calculate all deductions, and process all payroll taxes.
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