Payroll

Congratulations on taking on the payroll duties, Jdbhomes2014.

Currently, we're unable to provide information about the major differences between QuickBooks Desktop and Peachtree. However, I can provide an overview to help you understand what to expect and how to prepare in QuickBooks Desktop Payroll.

QuickBooks Desktop Payroll is designed to simplify payroll processing. It includes features that automate tasks you currently perform manually, making payroll processing faster and easier.

It can calculate, file, and pay federal, state, and local payroll taxes directly through the software, depending on your payroll subscription (Enhanced or Assisted Payroll). It also generates forms such as 941, W-2, and W-3, and includes direct deposit functionality, allowing for electronic payments to employees.

After purchasing and including the QuickBooks Desktop Payroll subscription, it is necessary to activate it. You can find detailed instructions on activating payroll and completing the payroll setup, including how to add employees, enter pay items, deductions, paid time off (PTO), taxes, and pay history in the article: Get started with QuickBooks Desktop Payroll Enhanced.

As you are switching mid-year, it is crucial to enter the previous payroll history for each employee. If you’ve paid taxes for your previous payroll, you will need to enter those payments. Refer to this page: Add payroll info to QuickBooks Desktop Payroll when you already paid employees this year.

Once everything is good, create a paycheck and process payroll for your employees.

Please let me know if you have any other concerns regarding your employee payroll, Jdbhomes2014.

@jdbhomes2014 

Which QB Desktop year version do you run?