Payroll Quickbook UK

Welcome to the Community, @kkkkkkkkkkk.

Making sure you have the QuickBooks version that suits your business needs is necessary. To further help you with this, I'd be happy to answer your questions.

For the QuickBooks Online Payroll (QBOP) subscriptions, you can visit our Payroll Pricing page to see accurate amounts and the features they offer. You can also, reach out to our Payroll support team for more guidance. 

In managing other currencies, you'll need to make sure that the Multicurrency feature is enabled. Also, to give a glimpse of how this works, check out this link: Learn about Multicurrency in QuickBooks Online. 

Then, if you just need to keep a record for your employee's record, you can manually enter their payroll using journal entries. To know more, here's the article you can open: Manually enter payroll paychecks in QuickBooks Online.

Also, QuickBooks makes it easy to view your employee data and monitor your business finances. To get started, you can open any payroll reports you need. To give you a list of those reports and an overview of what data they show, please head to the Run payroll reports article. 

Feel free to post here anytime you have concerns about processing payrolls in QBO. I will be happy to assist you. Have a good one.

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@kkkkkkkkkkk wrote:

2. How can I use any other currency if I don't want to manage it in Pounds. As we have employees globally so how to manage it ?

@kkkkkkkkkkk 

You may open a new business account at Wise to pay your employee in their local currency globally and utilize the bank feeds.

https://wise.prf.hn/l/64dl92k

You may explore this time tracker app to manage your team globally and integrate it with your QBO.

http://try.hbstf.co/32nwNr

I have a question Is it necessary to utilize tax option for Payroll. As I have watched many videos related to payroll. QuickBooks wont allow you to save data if you don't enter tax information or don't submit your tax  of your employees salary. Is it necessary cant I just normally utilize this feature as my consultant usually manage tax and i don't want qbo to do this. Is it possible ?

Hello @kkkkkkkkkkk,

As of the moment, there isn't an integrated way of not using the payroll taxes upon utilizing your payroll subscription. In QuickBooks Online, payroll taxes are included as a package within your payroll subscription to calculate your employee taxes based on the requirements and rates mandated by your tax agency.

In the same manner, here's an article you can read to learn more about how you can start using your payroll account: What you need before setting up Payroll?

On top of that, I've also included this reference helpful with the recent updates mandated from your tax agency for all your payroll tasks: Browse all articles for your QuickBooks product.

Don't hesitate to post again here if you have other questions or concerns with QuickBooks tasks and navigations. I'm always around happy to help. Take care and stay safe!

I have a very simple question can I use QBO payroll without utilizing tax features or submitting w2 form or any other forms.

Yes or No ?

As I want to manage their payroll but don't want to submit tax using qbo. that my consultants will manage. Hope you got my point ?

I can share additional information about managing your payroll, @kkkkkkkkkkk.

First, you'll need a payroll subscription in addition to your QuickBooks Online (QBO) Plus subscription to use or run your payroll. 

As mentioned by my colleague above, when running payroll, QBO will also automatically calculates your employee taxes based on the requirements and rates mandated by your tax agency. From here, you can choose not to file your forms. 

You may also consider manually entering payroll paychecks into QBO. This tracks your payment totals by creating journal entries if you don't have a payroll subscription. 

It will also keep your payroll and account data all in one place. However, this one requires an understanding of debits and credits. I also suggest reaching an accountant for guidance. 

To create manual tracking accounts and entering the payroll paychecks, refer to this article: Manually enter payroll paychecks in QuickBooks Online.

Here’s a guide on how to process or run payroll. The following one is also a helpful guide in setting up your Payroll: Get started with Payroll. 

I'm always here if you have further questions about payroll and or anything else. Let me know by leaving a reply below. Take care and have a wonderful day!