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userlh_gardenservice
Level 1

Qb self employed and payroll

So I have qb self employed, going great, now looking employ someone and bolt on payroll, or can I, or do I need to upgrade to qb online?, which I have mixed views and reservations on from other experiences, data transfer etc, asking here as qb themselves seem confused, hoping someone out there can help??

Solved
Best answer May 22, 2022

Accepted Solutions
JamaicaA
QuickBooks Team

Qb self employed and payroll

Thank you for reaching out to us, @userlh_gardenservice. I’ll share some insights about these two versions to help you find out which one best suits your needs.

 

Self-employed individuals can use QuickBooks Self-Employed (QBSE) to keep track of their business transactions. It assists you in calculating federal estimated taxes based on your company's information.

 

For now, we’re unable to add employee and do payroll in this version, you can only record the expense of paying them it does not have the functionality of a payroll to calculate employees taxes ,ni etc. QuickBooks Online is the only place where you can get these features. I recommend using QBO to set up employees, handle their payroll, print their checks and stubs, and submit their tax returns.

 

Once you've signed into QBO and have all of the necessary information, you can follow the directions below to set up your employee and start using your payroll.

 

1. On the left pane, select Payroll and choose the Employees tab.

3. Click the New Employee button.

4. Enter employment details, start date, pay rate and other necessary field. Then, Next.

5. Enter tax file declaration Information.

6. Hit the Done button.

 

Feel free to visit these articles for more information about the process of updating your employees record as well as how they can view their payslips:

 

 

You can also refer to this article to learn how to file your VAT return and track your payment in one place: File your VAT return and record tax payment in QuickBooks Online

 

If you have any other concerns about employee or payroll, know that you're always welcome to post again or reply in this thread. I’d be glad to address them further. Keep safe.

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1 REPLY 1
JamaicaA
QuickBooks Team

Qb self employed and payroll

Thank you for reaching out to us, @userlh_gardenservice. I’ll share some insights about these two versions to help you find out which one best suits your needs.

 

Self-employed individuals can use QuickBooks Self-Employed (QBSE) to keep track of their business transactions. It assists you in calculating federal estimated taxes based on your company's information.

 

For now, we’re unable to add employee and do payroll in this version, you can only record the expense of paying them it does not have the functionality of a payroll to calculate employees taxes ,ni etc. QuickBooks Online is the only place where you can get these features. I recommend using QBO to set up employees, handle their payroll, print their checks and stubs, and submit their tax returns.

 

Once you've signed into QBO and have all of the necessary information, you can follow the directions below to set up your employee and start using your payroll.

 

1. On the left pane, select Payroll and choose the Employees tab.

3. Click the New Employee button.

4. Enter employment details, start date, pay rate and other necessary field. Then, Next.

5. Enter tax file declaration Information.

6. Hit the Done button.

 

Feel free to visit these articles for more information about the process of updating your employees record as well as how they can view their payslips:

 

 

You can also refer to this article to learn how to file your VAT return and track your payment in one place: File your VAT return and record tax payment in QuickBooks Online

 

If you have any other concerns about employee or payroll, know that you're always welcome to post again or reply in this thread. I’d be glad to address them further. Keep safe.

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