Intuit Inc. (NASDAQ: INTU), a leading provider of business and financial management solutions for consumers, businesses and accounting professionals, today launched Intuit Payroll Services Complete Payroll, a pain-free way to outsource payroll. Complete Payroll is the only full-service payroll solution that seamlessly downloads data into QuickBooks® software, Intuit's best-selling financial and business management software for small and midsize businesses*. The ability for customers to download payroll data into QuickBooks products offers them an easy way to store all financial data in one place, for more control over, and insight into, their business.
In addition to QuickBooks integration, Intuit Payroll Services Complete Payroll provides a powerful, full-featured, stand-alone payroll solution that offers businesses the convenience of outsourcing payroll duties, giving them more time to focus on running their business. Complete Payroll further delivers on Intuit's "Right for My Business" Strategy by strengthening its broad payroll service line-up to better meet the unique needs of businesses.
More Control Over Financial Data
With Intuit Payroll Services Complete Payroll, and its ability to seamlessly download payroll data into QuickBooks software, businesses can quickly, easily and accurately store their payroll information with the rest of their accounting data. Customers can now abandon disparate spreadsheets and centralize detailed payroll and accounting information in one place. By automatically populating the correct fields within QuickBooks, data-entry errors are eliminated, and customers can access all of QuickBooks software's reports in addition to the reports available online with the Complete Payroll Service. Users can also view and run reports on payroll information at any level of detail, including by employee, department, job, etc., for more complete reporting.
"As companies become more complex, business owners must juggle multiple management responsibilities, leaving less available time for functions like payroll and tax filings," said Mike Sykes, general manager of Intuit's outsourced payroll team. "Intuit Payroll Services Complete Payroll frees business owners from payroll hassles and gives them the ability to better manage their business by offering a comprehensive outsourced service. In addition, seamless downloading of data into their QuickBooks software gives them a significant improvement in the level of payroll detail that can be maintained and analyzed in QuickBooks without having to re-enter data."
Convenience of a Full-feature, Flexible Outsourced Service
Intuit Payroll Services Complete Payroll is easy to use and offers added convenience through comprehensive features, hassle-free data collection and access, a choice of paycheck printing options and a "No Penalties" guarantee. The service automates tasks such as Federal, State and Local tax preparation, year end W-2s, payroll tax filing and payment, and 3rd party payments including garnishments and 401(k) contributions. No advanced tax, HR or computing knowledge is required, and users can input payroll information in whatever way is right for them--online, via fax, PC or phone--at any time, without the need for pre-set appointments. Regardless of the entry method, payroll data is available online to customers 24 hours a day, seven days a week, within minutes of running a payroll**. Complete Payroll offers several choices for delivery of payrolls-- printing and delivering paychecks directly to customers, printing the checks themselves right from their desktop printer, and/or providing direct deposit of funds into employees' accounts.
All payroll data is tracked in protected formats and housed at Intuit, with redundant backup systems. Intuit's "No Penalties" guarantee gives business owners further peace of mind by guaranteeing that as long as the information submitted to Intuit is timely and correct and customers' have sufficient funds in their account(s), they will not be liable for any tax penalties or resulting interest.
More Detailed Reporting
In addition to the reporting capabilities in QuickBooks software, Intuit Payroll Services Complete Payroll offers a comprehensive selection of report packages on its own, designed to meet a variety of accounting, HR and client needs. The service offers more than 40 standard reports with dozens of variations, which can track benefits or compensation by month, quarter or year, and much more. All reports are available online, ready for customers to access at any time. In addition, Complete Payroll also offers a powerful report writer option that employers can use to develop customized reports.
Product Pricing and Availability
Intuit Payroll Services Complete Payroll is available to customers starting October 28, with pricing structures competitive with other major outsourcing options. More information about Complete Payroll or the complete range of Intuit Payroll Services offerings--including various levels of support to fit the needs of businesses of every size, is available at www.payroll.com or by calling 800-445-0010.
