Making it one of the most successful launches in Intuit (Nasdaq: INTU) history, the QuickBooks® Enhanced Payroll service has been adopted by more than 100,000 customers in just seven months since its introduction to the market in November 2004. Small business owners are choosing QuickBooks Enhanced Payroll to help them save time, ensure accuracy and retain control over the entire payroll process.
Solving these important needs is what has helped catapult QuickBooks Enhanced Payroll to the 100,000 customer mark so quickly. Managing payroll can be time-consuming and confusing for small businesses, especially since small business owners wear many hats. By automatically filling out and updating many state and federal forms, QuickBooks Enhanced Payroll takes the confusion out of the payroll process while saving small business owners precious time. With Enhanced Payroll, small businesses simply print, sign and mail state payroll tax forms.
"I used to spend the same amount of time manually processing payroll for eight to 10 employees as I do now for 60 employees with QuickBooks Enhanced Payroll Plus," said Dave Kummer, owner of three Dairy Queen franchises in Grinnell, Iowa.
Also driving customer adoption is the ability to process payroll straight from QuickBooks, helping ensure that data integration is accurate. Payroll accuracy is vital - both to the employees being paid and to the businesses writing the check. Nearly 40 percent of all small businesses incur a payroll-related penalty with an average fine of $845, according to an Intuit survey. Having a solution like QuickBooks Enhanced Payroll automates the payroll process and increases accuracy to help small businesses avoid costly errors. "I no longer worry whether my payroll is accurate or that I'm calculating Connecticut or federal unemployment withholdings correctly since Enhanced Payroll Plus does it for me," said Donna Szewczak, business manager, Szewczak Associates, an engineering consulting firm in Avon, Conn. "After using Enhanced Payroll Plus, I wonder why anyone would leave such an important process as payroll to chance."
About Intuit Payroll Services
The QuickBooks Enhanced Payroll services are part of Intuit's broad range of solutions designed to meet the payroll needs of any small business owner or accountant - from in-house to full service payroll solutions. With more than 900,000 customers across all of its payroll services, Intuit serves more U.S. businesses than any other payroll service provider. Intuit's payroll products and services can be ordered by calling 1-800-264-5643 or by visiting www.payroll.com.
- QuickBooks Standard Payroll: everything you need to process your payroll in-house with the confidence that all of your data is in one trusted application for $199 per year.
- QuickBooks Enhanced Payroll Plus: process your payroll in-house easily, accurately and with confidence. A subscription also includes automatic upgrades to the latest version of QuickBooks Pro or Premier. $399 per year with QuickBooks Pro, or $499 per year with QuickBooks Premier. QuickBooks Enhanced Payroll is also available without software upgrades for $299 per year.
- Enhanced Payroll Plus for Accountants: includes everything in Enhanced Payroll Plus and the ability to process payroll for up to 50 clients with a single subscription.
- QuickBooks Assisted Payroll: the control and flexibility to run payroll straight from QuickBooks along with the added confidence of knowing that Intuit files and pays the federal and state payroll taxes. From $79 per month.
- Complete Payroll: the comprehensive, full-service solution that helps with everything from running payroll to managing HR. From $100 per month.
- Direct Deposit: a pay per use service priced at $0.99 per check and $3 per transmission with no set-up fee.
