QuickBooks software is the first choice of small and mid-sized business owners when it comes to accounting and bookkeeping. With the help of the advanced accounting software, business owners and accountants can handle and manage some of the most complicated tasks with utmost ease. But many a times they have to face some errors and issues that causes them obstruction of work. The software may malfunction, slow down, or temporarily stop responding to the user’s command. QuickBooks errors may show up anytime, for example, while downloading the software, updating or upgrading it, opening a file, during 1099 preparations, etc.
Here are some of the most common issues with 1099 and their solutions:
Issue: 1099 doesn’t show the correct amount
Solution: Here is what you can do if you face an issue where 1099 does not display the correct amount during preparations:
In all cases, the payments must either meet or exceed the threshold for the box. When you are on the Prepare 1099s screen, you can find the dollar amount parentheses under the Box number at the top of the column at the top of the Preview 1099 and 1096 Information section. Ensure that these sums exceed the thresholds for the box.
Check if the correct Tax Year is chosen in the Preview 1099 and 1096 Information section. Upon opening the Prepare 1099-MISC Forms screen, you will find a drop-down menu for Tax Year within Company Information box.
In case this is a bill payment, make sure that it is attached to the bill, otherwise, you can amend it by following the given steps:
Choose the Plus icon on the Toolbar.
Select Pay Bills under vendor.
Click the Filter drop-down.
Select All for Payee and Location and click on Apply.
Check the correct bill. In case the payment is outstanding, you will find the full payment amount displayed in the Credits column, leaving the rest of the amount in the Open Balance column. Adjust the sum, as required, in the Payment column – for example, if you want to apply the credit, you can change the Payment amount to 0.)
Choose Save (or Save and close).
Note: If you still see the incorrect information, re-certify that the payments were assigned correctly to a vendor and not to an employee.
In case vendor was paid by credit card – 1099K form will have their reports submitted by the payment processor.
Issue: 1099 reports show an amount that is lesser than what you’ve calculated
Solution: Your 1099 can at times display an amount less than given to your vendor if you recorded the vendor payments to income or equity accounts, for these two sorts of accounts have no flow to 1099 totals. It requires payments to record or edit to expense-type accounts, otherwise you can make use of an asset or liability account; though, if you want to keep an account other than an expense account, you must consult your accountant first.
The accounts shall also be assigned for your 1099-MISC forms. For more and detailed information, you can check Assign accounts to 1099-MISC categories for ways on assigning 1099 accounts.
Issue: 1099 vendor is not there on the list when preparing 1099s
Solution: Here, we have sorted a few things to track vendor payments right in the Prepare 1099s screen:
You’ve already chosen the vendor as a 1099 vendor.
You’re tracking these payments to the vendor in an account related with a box from the 1099-MISC form.
See 1099 E-File Service: QuickBooks Online setup, troubleshooting, & FAQs for setup steps.
If you’re uncertain what accounts to assign – you can run a Transaction List by Vendor report.
Select Reports from the left hand side menu.
In the search bar, type Transaction List and select Transaction List by Vendor.
Choose Customize option.
Now, set the Report period to Last Year/ Last Calendar Year.
Navigate to the Rows/Columns section and choose the Change columns link and put check the Split box.
Next, go to the Filter section.
Check the Vendor box and select 1099 vendors who are in question from the drop-down.
Click on Run report.
Find out what accounts the vendor’s transactions were tied to under the Splits column. In case the word -SPLIT- is there, select the transaction to see details on what accounts were affected.
If you come across a Bill Payment, check the Bill and find out the affected expense accounts.
1099 form is misaligned
If the bottom half of your 1099 form may be misaligned or if you have other issues with 1099 form alignment, see Set up printing alignment for 1099 Tax Forms.
Issue: Print 1099 for a vendor who doesn’t meet the threshold
Solution: You can manually print 1099 for a vendor who doesn’t to meet the threshold. That can be done by running reports as well as filling in the form by hand. You can’t override the system and have QuickBooks Online print a 1099 for a vendor not meeting the threshold.
To access and view the 1099 Detail Report:
Select Reports From the left menu.
Type 1099 in the search bar and hit enter.
Select 1099 Transaction Detail Report.
Now, set the report date range to Last (Calendar) Year.
Use filter to choose from lesser data on the report to a certain 1099 vendor or 1099 box.
Select Run report.
This blog post consists of almost all the major 1099 issues and their solutions. If you need assistance in regards to 1099 or any other QuickBooks related issue, you can call +1-844-405-0907 and speak to our 24×7 QuickBooks Payroll Support experts.
QuickBooks offers an amazing tool that helps the users in creating payroll computations with much ease. Getting payroll subscription with QuickBooks software is highly beneficial for the employees in managing pay checks and focusing on various other aspects of the business. But there can be situations when the user might encounter certain errors, while using payroll. If the user is getting an error message “Current Enhanced Payroll Service is Unavailable”, then the error code PS060 can be the reason. This error can be seen much often while using the payroll service in QuickBooks.
If you are also facing QuickBooks payroll error PS060, then this article can be a savior for you. In today’s article, we will be discussing the relevant causes, as well as the quick fixes to the error code PS060. However, if you want an expert team to resolve the issue for you, then in that case, you can simply make a call at our toll-free number i.e. 1-844-405-0907, and our QuickBooks payroll support executives and certified QuickBooks professionals will help you in getting rid of the issue in no time.
QuickBooks Error PS060 is a common error that the accounting software users may receive. An error message “Current Enhanced Payroll Service is Unavailable” might pop up on the screen, disrupting the smooth working of payroll. Though this error is not very critical, it is not very easy to fix it either. Besides, you will not be able to access QuickBooks until you get this payroll error taken care of. In the meanwhile if you need instant help to resolve this error contact QuickBooks Error support team.
What leads to Payroll Error PS060
No single factor leads to this type of error, which means that there are more than one reasons that might end up causing QuickBooks error code PS060. In order to fix this error, it is necessary to know the root cause of this error. We have listed below the factors causing error code PS060. Let us have a look:
Note: A major cause to trigger this error is settings with the expiry date. QuickBooks Payroll periodically checks the expiration date of the subscription by connecting to QuickBooks. Your billing information should be updated to keep accessing QuickBooks accounting software without any hassle.
Solution 4: Check the settings of 3rd party software
If the reason behind the error is any sort of third party application interference or any kind of malware infection, then in that case, the user is supposed to get the entire ADPS scanned. The problem can also be resolved by the customer support.
Implementing any of the above stated methods might help the QuickBooks users to fix QuickBooks Payroll Error PS060. However, if by any chance none of the methods work in your favor, then in that case, the user can get in touch with our experts, or speak to our 24×7 QuickBooks error support experts team at +1-844-405-0907 for quick and precise solutions.
In the advent of this QuickBooks software, it is widely used for a small, medium or a large sized business purposes. It helps in managing all essential financial reports in an organized way. Let us see how to fix Error codes 12152 in QuickBooks? This error arises when your internet connection disconnects randomly or it encounters some problem. When it arises and it’s so hard to connect via the server. This gives many glitches when doing updates.
The blog context describes a simplest way to troubleshoot the payroll update error code 12152.
Note : If you are looking for Instant help then you can speak with one of expert to quickly resolve to your QuickBooks Problems. Our QuickBooks Live expert are available at Toll-Free +1-844-405-0907.
What is Payroll Update Error Code 12152?
QuickBooks Error 12152 typically stands out up when you have problems with the Internet Connection setups that makes it difficult for the software to connect to the servers and gives concerns with the updates.
Before continuing to the solution of Error 12152 make sure your Internet connection is established as well as permits you to connect to verified websites.
Now start your app to be installed & launched it on your system.
If errors persist, click on the option to Scan & make your deviations as detected.
For fixing all errors, click on an option to Repair All.
Start your Computer.
Then login as administrator tab.
Click on the start key button.
Then click on all programs> accessories> system tools & after this finally, click to the system as to restore.
Under the new window, choose to restore my PC as earlier time option tab.
Now click to the next heading.
In the given list, just click on to ‘restore the point’ list. Select the latest system to restore that point from a displayed screen. After this just press to the next tab.
Into a confirmation window, give a single click on the next key button.
When restoration process is completed, then restart your PC system.
Select or click on the Start key button.
Enter or type as Command in the given dialog search box. Remember don’t hit the enter key yet!
On a system keyboard, hold the Ctrl+ shift keys instantly & then press or hit the enter key.
With the help of a permission dialog box, it will asks as prompted.
Then click to the yes option.
If the cursor of your mouse blinks, this opens the black box.
Now type or enter as regedit. After doing so, hit the enter key.
If want to take back up then choose the error 12152 related keys as instructed.
Now select export from the main file menu.
Then select the folder type and save into the list as where the client wants to save their IE backup keys.
Under the File Name box, now type a name for a backup file for instance, IE backup. If need any technical assistance, ask expert guidance.
Make sure that under the Export range box just type as selected branch is chosen by the user.
Apply to save all changes that you have been made recently.
Along with a .reg file extension. This file has been saved now.
For a related registry entries, Take now a back up into your Internet Explorer web browser.
I hope the solution methods given above are helpful for you to resolve QuickBooks error code 12152. If still you are facing the same error then get in touch with our QuickBooks error support team by dialing toll-free 1-844-405-0907. Our professionals work for twenty-four hours a day and all weekdays as 24/7/365
No doubt, QuickBooks is an exceptional accounting and bookkeeping software made possible by Intuit. This software possess all functionalities that every business regardless of the size and type requires. One of the most important functions that is offered by QuickBooks is payroll. But it has always been a debatable topic to decide whether Weekly Payroll is better or Monthly Payroll is better. To help the users in this confusion, we have tried to project the purposes of both payroll methods and unbiased pros and cons with the help of this article. Thus read the article till the end, or for any further information, you can make a call at our toll-free number .i.e. 1-844-405-0907.
Empowering employees is a symbol of growth, but at the same time it comes with important decisions and responsibilities, including payroll. Once the user sort out the legal requirements, you’re left with the settlement of how often to run payroll. Weekly, biweekly, and monthly payroll are the most common choices with some pros and cons of each to consider before choosing. So, without further delay, let us begin with the discussion.
Sending out weekly pay cheques follows in processing payroll 52 times per year and incurring the relevant service fees each week, whether you run payroll in-house or outsource it. Employees earn their pay-cheques on the same day each week, usually on Friday, for the salaries, hourly, and/or overtime pay they received through the seven-day span the cheque covers.
Pros of Weekly Payroll
A large number of employees enjoy getting paid every week, and also it keeps a patterned movement of money reaching into their bank accounts that can make it easier to budget household finances. In situations when an hourly employee works overtime, they are paid for those extra hours sooner preferably than having to pause two weeks or even till the end of the month to get the extra money. That can be particularly helpful if the weekly schedule alters significantly.
For instance, if an employee manages to reach 65 hours one week and only 25 hours the next week, this method is helpful to have that extra overtime pay way before heading into the lighter schedule week. If the user recommend weekly payroll, then this could be considered as high employee happiness.
On the user’s end, calculating overtime is an honest process, especially when there is hourly employees on staff. Since the pay period tallies with the work week, it becomes much easier to calculate any additional pay. With monthly pay periods, the first and last week of the month is typically partial weeks, which can hamper the calculations. Weekly pay periods also make it smoother to comprehend when timecards or time reports are payable.
In this method, the payable date remains the same every week as the user will run payroll on the same day each week. Whereas, on a monthly inventory, the cut-off for turning in pay may vary from one month to the next depending on end of the month.
Cons of Weekly Payroll
As it is rightly said, everything comes with its pros and cons, and talking about weekly pay, there are certain cons of this as well. One of the biggest disadvantages of weekly payroll for the employer is the time plus cost. Since the employer is following weekly payroll, that can take the employer away from other duties, or it indicates the staff member appointed to handle payroll gets drawn away from other duties. If someone is picked to do payroll, they get paid each time it’s run, improving the overhead.
Distributing pay more often might at times come at a cost if you issue conventional paper cheques, wasting money on the cheque forms and the ink to print them. If the user makes use of direct deposit, he/she might have to pay a small fee per deposit depending on the service that is practiced. Paying those fees every week adds up to the total cost. That fees can be cut off in half by preferring biweekly or monthly pay periods.
When the user runs payroll every other week that results into 26 pay times per year, as maximum months have two paydays, but some months have three. Similar to weekly pay period structure, the bi-weekly structure means that the employees will get paid on the corresponding day of the week each time, but only all another week.
Thus, the employer might pay them all Friday, just for an example. The biweekly option is a bit different than paying employees semimonthly, where they always get just two paycheques per month, for a total of 24 pay periods. In general, a semimonthly plan typically pays employees on the 15th and the last day of the month rather than paying every another week.
Pros of Biweekly Payroll
Biweekly payroll brings in certain pros, a few of which are mentioned in this paragraph. Balanced to a weekly payroll schedule, bi-weekly payroll frees the employer a notable amount of time since they simply have to run it every other week. This method saves money on direct deposits and cutting cheques, since these tasks are done half as many times per year. Running payroll less frequently also signifies less risk of error.
Running payroll weekly means that the employer has more possibilities to include human error into the equation. Not only this, the biweekly payroll also adjusts well with the work weeks, which makes it easy to add overtime for the two weeks that fall into each pay period.
Cons of Biweekly Payroll
Talking about the disadvantage, biweekly payroll adjusts the monthly expenses with the pay periods. This means that when the employer runs payroll monthly, it becomes easy for him to determine monthly thoughts. Whereas with weekly and biweekly payroll, the first and last paydays of each month often actually span two separate months, which creates disturbance.
The first pay cheque in March may include a few days from February, while the last pay cheque might cover a few days of April. (For example, adding some complexity to concluding calculations.)
Now comes the monthly payroll, and if the employer uses monthly payroll, then payroll is run only once a month and the employees solely receive one paycheque per month that makes a total of 12 cheques per year. Also, the precise date gets altered. For instance, the user runs a payroll each month on the 20th. Monthly payroll isn’t as prevalent anymore.
Employers don’t receive any huge benefits for only running payroll once per month, and it’s offensive with employees as it might create complications in budgeting.
Pros of Monthly Payroll
One of the most significant fact about monthly payroll is that, it is easy to handle and the employer is required to invest his time in payroll only once per monthly. Not only this, but also it adjusts well with all the payroll deductions that are required, such as taxes, Canada Pension Plan contributions, as well as Employment Insurance premiums. This would otherwise be divided over various cheques per month, whereas with the help of monthly payroll, the employer can use the full amount out of the single cheque for each of the employee.
Cons of Monthly Payroll
The monthly payroll lacks behind as there are certain regions that wish to pay their employees more frequently. In British Columbia, as per the rules the companies have to pay their employees at least double per month. This suggests that the employer needs to at least opt for a semimonthly pay period, which means to pay the employees twice per month, which is in general on the 15th and the last day of the month. There are many other laws for salaried versus hourly employees in other regions. Such as in Saskatchewan, if the employers employ monthly salaried employees, then they can pay them on a monthly basis, however, for all other employees, paying at least semi monthly is mandatory.
The issue with monthly payroll doesn’t end over here, it adds up to employee redemption. Most of the times, employees find it difficult to stretch their money out over the complete month. Most bills get due on a monthly basis, for which the employees should be ready to pay their bills when they get their pay cheque and budget the rest for the other expenses, but this sounds too theoretical. In actual, it becomes challenging for the employees to proportion their money for the entire month, especially for the ones who live pay cheque to pay cheque. If the employee faces trouble establishing a monthly budget routine, they might find it difficult to manage until they are paid again, which piles up to their difficulties.
Deciding Between Payroll Options
As stated before, deciding between the two has always been confusing for the employers. But before jumping on to any conclusion, the user should make note of the payroll ordinances in that particular region where they have set up their company. If the employer is situated in a region that demands two pay periods per month, then in that case monthly payroll might not be a better option. Once the employer gets familiarize with the laws, the user can measure the pros and cons of the particular events. Moreover, a frequent payroll period assists the employees avoid having “more month at the end of the money” as the saying goes.
Staring at the costs and time involved in many payroll options can help you pick what’s best for you. A biweekly pay structure is oftentimes a good balance amid keeping employees happy and balancing your costs without scoring to your bookkeeping or financial burden.
If the user have employees but are considering payroll frequency, then take some time to handle the change. The move may turn the math. If you’re using payroll software, then the program controls the calculation changes for the employer that is one of the significant perks of using computerized payroll systems. Likewise, in case of outsourcing payroll, the vendor would manage the changes in calculations. The user is required to keep in mind that he/she might have to pay more, if he/she boosts the frequency of payroll as the provider may charge for every run.
Prepare the employees for any adjustments in payroll. It is a sensible idea to let the employees know at least a month in advance, about the various aspects. In case the employee is moving to a shorter pay periods, such as shifting from monthly to biweekly, the employees are expected to acknowledge the change and won’t need a long lead time before the switch. Whereas, moving from paying weekly to biweekly, requires presenting the employees ample notice so that they’re qualified to go longer within paycheques.
At the time of deciding on the frequency of pay periods, the employer eventually should attempt to gain a balance among a cost-effective solution for employer and a schedule, which would keep the workforce comfortable. Considering the pros and cons of various regularities would help the employer to find that balance and finding the right payroll solutions makes it simpler to process payroll no matter how frequently it is done.
Did you know you can pay employees in QuickBooks? Simply Add Payroll today. However, in case any of your queries remained unanswered, then feel free to seek help and guidance from our QuickBooks payroll customer service team by calling them on their toll-free number at +1-844-405-0907.
They are Intuit Certified ProAdvisor and industries best accounting experts, they provide round the clock service. We will love to be your support partner!
Are you a small or mid-sized business holder? Or an entrepreneur?? You should take a gaze upon the frequent payroll & bookkeeping mistakes. Suppose if you present the gift card to the business employee’s & reckon them as a cash payment. Are you sure that you have a fast and easy payoff system for the taxes whilst you overpaid the employee’s?
It might be possible that you are using the vendor payments as payroll before receiving the Form W-9? If you don’t, then IRS would probably penalize you with some serious fines. Now read this technical article to avail complete insight on this topic.
Avoid 11 Common Payroll & Bookkeeping Mistakes
Avoid these 11 common payroll and bookkeeping problems that small company holders tend to make.
1. Failure to Issue Form 1099 Correctly
Be sure that the Form 1099 be supposed to be issued only to self-governing or independent contractors & also to the vendors who endow the business with over $600 in services. If you are failing to do so, you could tend to steep penalties.
2. Classify Employees as Independent Contractors
Your staff-member may be usually either independent or self governing contractors or employees. Selecting the correct classification is essential. Different forms are involved (1099 versus W-2), & some staff may be subject to tax preservation.
3. Proper Fringe Benefit Value Not Included Appropriately
You can take account of company cars, spousal travel, country club dues, and also housing benefits into the Taxable Fringe benefits. But it can be complicated to analyze fringe benefit value accurately.
4. If You Are not Including the Fair Market Value of Prizes, Gift Cards, and Awards in Employee Income Totals
The majority awards are noticed as a taxable fringe benefit & the Gift cards are identified as cash should be assumed as a taxable wages.
5. Excluding Travel and Commuting from Employee Income
In numerous cases, commuting & travel expenditures are not measured as taxable income for an worker. But there are a number of unique cases such as travel expenses for short-term coursework that lengthen can be subject to income tax.
6. If You Are Doing It All Alone
There is a crisis with Small business owners & entrepreneurs. They at all times struggle to deal with payroll tasks on their own. But they end up experiencing more pressure, stress, and may make costly errors.
7. Exclude Reimbursements for Expenses from Re-portable Wages
The correct exclusion of reimbursements for expenses depends upon an accountable plan where operating cost are reimbursed. Only if there is a business relationship, other reimbursements should be built-in in the taxable salary.
8. Executive Income is Not Including in Non-qualified Deferred Compensation
Here is the thing that may be Executive compensation is a subject matter to an excise tax. You be familiar that if this is neglected, there is a relief program. But only certain oversights are eligible.
9. Neglect Backup Withholding for Vendor Payments
You probably know this very well that a company pays the vendor before receiving the Form W-9 (Request for Taxpayer Identification Number and Certification). It could be subject of matter to a payment of 28 percent for backup withholding.
10. Not Depositing Withheld Taxes in a Timely Manner
Withheld taxes suppose to be deposited in regular payment terms of semi-weekly or monthly basis. However, some amounts need a deposit on the next business day. If you are unable to deposit it appropriately..! This can tends to late fee deposits, penalties, and also interest charges ranging from two to 15 percent.
11. Thinking your way through the task
Entrepreneurs will as a whole theory their way via accounting when they aren’t entirely specific what they’re doing. The problem is mystery mixes after time, potentially leaving a year of books that you have to fix at evaluation time.
Few Examples include:
Not categorizing costs properly
Overlooking tax deductions
Missing filing on declaring target dates since guides weren’t done in a timely manner
In case, you are also facing some unnecessary penalties from the IRS – you should Hire a professional bookkeeping service to handle your business payroll tax concerns and reporting..! Because the bookkeeping services give you a tension-less accounting experience and also help you to grow your business.