Are you comparing QuickBooks Payroll costs? When it comes to managing your business finances, QuickBooks is a name that often comes to the forefront. The software offers various plans to meet the needs of different kinds of businesses, from sole traders to limited companies.
But for those interested in automating their payroll, QuickBooks Payroll comes as an additional feature with its own set of costs. In this article, we’ll break down what you need to know about the costs associated with QuickBooks Payroll.
QuickBooks pricing overview
Firstly, let’s quickly revisit the primary pricing plans for QuickBooks:
- Self-Employed: £5 a month for 6 months, then £10 a month (sole traders only)
- Simple Start: £7 a month for 6 months, then £14 a month (sole traders only)
- Essentials: £12 a month for 6 months, then £24 a month
- Plus: £17 a month for 6 months, then £34 a month
- Advanced: £35 a month for 6 months, then £70 a month
The Essentials, Plus, and Advanced plans are available for both sole traders and limited companies.
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Payroll add-on costs
QuickBooks Payroll is available as an add-on for all plans except the basic Self-Employed option. The payroll feature starts “From £2 per month”, though QuickBooks has not publicly disclosed the detailed pricing structure for this service.
Why the vagueness?
The reason QuickBooks keeps the detailed pricing for payroll hidden may be due to the various customisation options and additional services they offer. These can include:
- Number of employees
- Payroll tax filing
- Employee benefits management
The final cost could be contingent on the specific needs of your business, and it’s likely that QuickBooks wants to provide a tailored quote.
What to consider when choosing a plan with payroll
- Business type: If you’re a sole trader, your options are limited to the Simple Start plan if you wish to include payroll. Limited companies have more choices.
- Employee numbers: The cost of payroll could increase with the number of employees, so be sure to get an accurate quote if you have a large workforce.
- Budget: While the lower-priced plans might seem attractive, assess if they offer all the payroll functionalities you require.
- Other features: Some of the higher-tier plans come with additional financial management features that could be beneficial for your business.
- Trial and error: QuickBooks usually offers a free trial period. Use this to assess if their payroll features fit your needs before making a financial commitment.
In summary
The cost of QuickBooks Payroll depends on several factors such as the plan you choose and the specific payroll features you require. While the baseline cost starts at £2 a month, the final price could be higher based on your unique requirements.
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To get the most accurate pricing, it’s advisable to get in touch with QuickBooks directly for a tailored quote. Regardless, integrating payroll into your QuickBooks plan could streamline your financial processes, making it a worthwhile investment for many businesses.
QuickBooks Payroll alternatives
FAQ for QuickBooks Payroll costs
The starting cost for adding QuickBooks Payroll to your existing plan is “From £2 per month”. The actual price may vary depending on factors such as the number of employees and additional features you may need. QuickBooks has not released a detailed pricing structure, so it’s best to contact them directly for a tailored quote.
No, QuickBooks Payroll is not included in the base price of any QuickBooks plan. It is an additional feature that comes with its own set of costs, starting from £2 per month.
QuickBooks has not publicly disclosed how the cost of their payroll service varies with the number of employees. However, it’s likely that businesses with a larger workforce may incur additional costs. To get a precise quote, it’s advisable to consult QuickBooks directly.
The QuickBooks Payroll add-on can be added to the Simple Start, Essentials, Plus, and Advanced plans. While Simple Start is available only for sole traders, the other plans cater to both sole traders and limited companies. The price for the payroll feature starts at £2 per month for all these plans, but actual costs may vary.
When budgeting for QuickBooks Payroll, consider the base cost of your chosen QuickBooks plan along with the starting payroll cost of £2 per month. You may also need to factor in additional costs for extra features or a larger number of employees.
For the most accurate and personalised pricing information, it’s recommended to contact QuickBooks directly.