The payroll solution is fully integrated into Intuit’s Quickbooks platform through a strategic partnership with local online payroll provider, KeyPay.
The QuickBooks payroll solution is currently in beta and available to customers on an invite-only basis.
Intuit launched the latest generation of the Quickbooks Online platform just last month, saying it was its “biggest release in decades” after a complete rebuild of Quickbooks. Unlike competitors Reckon, MYOB and Xero, the release did not include an integrated payroll solution. That’s been corrected with the launch of this fully-integrate payroll solution.
“Payroll is a crucial part of any business. We are focused on providing small businesses with the right tools to help make it easier to do business and make better business decisions.
“The KeyPay solution is proven to be one of the leading online payroll solutions in the market. We believe the integration with KeyPay will bring the most powerful yet easiest-to-use solution to our small business customers.”
According to Paterson, the new payroll solution features a seamless experience with a single login, a single browser, and a “consistent look and feel” on one single QuickBooks platform, and allows small business owners to manage payroll the way they prefer “with great flexibility and complete control.”
Paterson said one of Intuit’s goals in working with third parties was to provide the best solutions for small businesses. “As we build the partner ecosystem in Australia, we will integrate more best-in-class solutions with QuickBooks to make it a powerful tool for small business customers.” said Paterson.
He said with the new integrated payroll QuickBooks Online users can now:
• Enjoy greater flexibility - Configurable pay schedules and employee details, such as pay rates, super rates and leave accrual rates, make it easy to match payroll to business operations
• Save time and money through automation - Simplify payroll with automated super payments, pay slip notifications, and termination and leave calculations. Plus tax tables are updated automatically every year for free
• Enhance productivity with effective management - Add shift-based timesheets directly in to a payrun; no more chasing down staff or calculating hours. The self-service portal gives emloyees easy access, allowing employees to manage their details, leave, super and bank accounts online easily.
Richard McLean, co-founder of KeyPay said, “We are very excited to work with Intuit and be part of their partner ecosystem. KeyPay has a unique offering in the Australian market and we have a strong customer base since it’s launched. Now with Intuit, we are able to extend the outreach even further and demonstrate the benefits of our solution to more small businesses.”
Paterson said Quickbooks desktop and MYOB users could also take advantage of the new integrated payroll offering via a free conversion service provided by Intuit in partnership with Odyssey Resources.
In a reflection of the highly competitive online accounting market now front and centre in Australia, Intuit’s announcement of its conversion service follows MYOB’s upping of the ante just three weeks ago in the marketshare battle with the release of its own conversion service which it said would “empower business operators” to switch from Xero or Quickbooks to its cloud-enabled accounting solution, AccountRight Live.
Intuit’s Paterson says the new conversion service will move the data to Intuit QuickBooks Online cloud solution “quickly and smoothly.”
For information on Intuit’s conversion service go to