Better for Your business, Weekly Payroll or Monthly Payroll

  • QuickBooks users might face problems in judging whether Weekly Payroll is better or Monthly Payroll, and end up in taking the wrong decision. With this blog, we will be trying to help the QB users to clear the confusion, as we have tried to project the purposes of both and Weekly, as well as monthly payroll. We expect that at the end of this blog, you might be able to decide which one of the above is better for your business. For further details, you can get in touch with QuickBooks payroll customer service number .i.e. +1(800)880-6389.

     

    Weekly Payroll

    Well, Weekly Payroll actually means sending out weekly paycheques that follow in processing payroll 52 times a year. Weekly Payroll might have its own pros and cons. Let us have a look:

    • Pros
    1. Many employees prefer weekly payment.
    2. Calculating overtime becomes easier.
    3. Weekly Payroll makes it easy to understand when time cards or time reports are payable.

     

    • Cons
    1. Biggest disadvantage is the time plus cost.
    2. If you use direct deposits, you may have to pay a small fee.

     

    Monthly Payroll

    Enrolling monthly Payroll means that you only run payroll once a month and the employees solely receive one paycheque per month. Even this method brings certain pros and cons. Let us have a look.

    • Pros
    • Comparatively straightforward to handle
    • You only have to concoct it once per month
    • It adjusts well with all monthly payroll deductions

     

    • Cons
    • A few regions may not allow Monthly Payroll.
    • Employee redemption.

     

    Before jumping onto the conclusion, it is better to look at the payroll ordinances in your region. Once you familiarize yourself with the law, you can analyze the pros and cons of both monthly and weekly payroll and decide the best one for your business. For further assistance, you can get in touch with the QuickBooks support experts at +1(800)880-6389.