In a Press Release from Intuit, Product Innovations were announced at the QuickBooks Connect in Las Vegas. According to the release, “QuickBooks Online Payroll meets the team management needs of growing businesses with expanded capabilities that simplify the complicated world of Human Capital Management (HCM), providing access to integrated payroll, time tracking, HR, and employee benefits in one place.”
New and enhanced capabilities unveiled for QuickBooks Payroll customers include:
- HR Tools: QuickBooks Payroll will provide employers with an HR hub that includes features to make it easier to capture employee data and enhance the new hire onboarding experience, including document management, comprehensive employee records, organization charts, team directories, and a mobile app for employee self-service.
- Payroll Cost Allocation: With payroll cost allocation, QuickBooks Payroll customers soon will be able to split a given employee’s hourly and non-hourly payroll costs into multiple classes, along with associated projects, so that labor cost can be tracked accurately and in detail, eliminating the need for extra journal entries to get granular classifications.
- Payroll Item Management: The new pay item management tool will soon provide business owners with a consolidated display of pay types, deductions, and contributions assigned to employees in a filterable table. Business owners will also be able to create a pay item, bulk assign, and edit assignment information for all employees in one place.
- Allstate Health Solutions Partnership: QuickBooks now has a partnership with Allstate Health Solutions to provide QuickBooks Online Payroll customers with enhanced insurance options for their employees. As QuickBooks customers scale their businesses and grow their employee base, they will have the ability to build the right benefits package, with employee deductions all synced seamlessly with their payroll.
