3 ms·
I use two Intuit products at my startup: Online Payroll because my BofA account easily integrates with it and Quickbooks to manage the books (because my account
by amoorthy 9y ago
I use two Intuit products at my startup: Online Payroll because my BofA account easily integrates with it and Quickbooks to manage the books (because my accountant suggested it). Both products are easy to use.
Online Payroll looks like a '90s UI but works. Some complications like if you have some non-standard paperwork to file with a tax payment then you have to do at irs.gov.
Quickbooks UI is actually pretty slick (perhaps recently updated?) The automatic classification is ok, nothing special. One issue is duplicate payroll transactions due to sync'ing with a bank account and Intuit Online Payroll.
On the whole I spend about 5 min every pay cycle creating paychecks and issuing tax payments. Once a quarter I classify expenses in Quickbooks - about an hour. And once a year I spend a couple hours double checking things with my accountant for the tax return.
These numbers may get more complicated when we're > 3 employees and have revenues.