What is QuickBooks & how does it work?

Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. For more information about Intuit Payments’ money transmission licenses, please visit https://www.intuit.com/legal/licenses/payment-licenses/.

guarantee

Accuracy guaranteed available with QuickBooks Online Payroll Core, Premium, & Elite: We assume responsibility for federal and state payroll filings and payments directly from your account(s) based on the data you supply. As long as the information you provide us is correct and on time, and you have sufficient funds in your account, we’ll file your tax forms and payments accurately and on time or we’ll pay the resulting payroll tax penalties. guarantee terms and conditions are subject to change at any time without notice.

Tax penalty protection: Only QuickBooks Online Payroll Elite users are eligible to receive the tax penalty protection. If you receive a tax notice and send it to us within 15 days of the tax notice, we will cover the payroll tax penalty, up to $25,000. Intuit cannot help resolve notices for customers in Collections with the IRS because IRS Collections will only work with businesses directly. Additional conditions and restrictions apply. Learn more about tax penalty protection. 

*Offer terms

QuickBooks Online Discount Offer Terms: Discount applied to the monthly price for QuickBooks Online (“QBO”) is for the first {{QBO.QBO_PLUS.MONTHLY.PAID#discountDuration}} months of service, starting from the date of enrollment, followed by the then-current [monthly/annual] list price. Available only for QuickBooks Online, QuickBooks Payroll, QuickBooks Time, and QuickBooks Solopreneur (all tiers). Your account will automatically be charged on a monthly basis until you cancel. If you add or remove services, your service fees will be adjusted accordingly. Sales tax may be applied where applicable. To be eligible for this offer you must be a new QBO customer and sign up for the monthly plan using the “Buy Now” option. This offer can’t be combined with any other QuickBooks offers. Offer available for a limited time only. To cancel your subscription at any time go to Account & Settings in QBO and select “Cancel.” Your cancellation will become effective at the end of the monthly billing period. You will not receive a pro-rated refund; your access and subscription benefits will continue for the remainder of the billing period. Terms, conditions, pricing, special features, and service and support options subject to change without notice.

* * feature

Annual percentage yield: The annual percentage yield (“APY”) is accurate as of December 31, 2023, and may change at our discretion at any time. The listed APY will be paid on the average daily available balances distributed across your created envelopes within your primary QuickBooks Checking account. Balances held outside an envelope will not earn interest. See Deposit Account Agreement for terms and conditions.

Envelopes: You can create up to 9 Envelopes. Money in Envelopes must be moved to the available balance in your primary deposit account before it can be used. Envelopes earn interest as well. Each Envelope will automatically earn interest once created, which will be separately tracked from the primary account and any other Envelope. The interest will be applied to deposit balances in each individual Envelope at the end of your Billing Cycle. See Deposit Account Agreement for terms and conditions.

QuickBooks Checking Account opening is is is subject to identity verification and approval by Green Dot Bank .

QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank.

payment ’Merchant Agreement apply . QuickBooks Payments is account account subject to credit and application approval . Subscription is required to QuickBooks Online require . Money movement service are provide by Intuit Payments Inc. , license as a Money Transmitter by the New York State Department of Financial Services .

Deposit Sweep Program :   cash balance above $ 250,000 will be automatically sweep from Green Dot Bank and equally spread across our participate financial institution , provide you with up to $ 5 million in FDIC insurance coverage . Customers is are are responsible for monitor their total asset at each institution . learn more and see a list of participate institution   here

Instant Deposit at no extra cost: Includes use of Instant Deposit without the additional cost. Instant Deposit is an additional service offered by QuickBooks Payments subject to eligibility criteria. Standard rates apply for ACH, swiped, invoiced, and keyed card transactions. Deposits are sent to the bank account linked to your QuickBooks Debit Card in up to 30 minutes. Deposit times may vary for third party delays.

QuickBooks online services: Online services vary by participating financial institutions or other parties and may be subject to application approval, additional terms, conditions, and fees.

Receipt capture: Requires QuickBooks Online mobile application. The QuickBooks Online mobile app works with iPhone, iPad, and Android phones and tablets. Devices sold separately; data plan required. Not all features are available on the mobile apps and mobile browser. QuickBooks Online mobile access is included with your QuickBooks Online subscription at no additional cost. Data access is subject to cellular/internet provider network availability and occasional downtime due to system and server maintenance and events beyond your control. Product registration required.

Mileage tracking: Mileage tracking is only available to the master administrator of the QuickBooks Online account. Requires QuickBooks Online mobile application. The QuickBooks Online mobile app works with iPhone, iPad, and Android phones and tablets. Devices sold separately; data plan required. Not all features are available on the mobile apps and mobile browser. QuickBooks Online mobile access is included with your QuickBooks Online subscription at no additional cost. Data access is subject to cellular/internet provider network availability and occasional downtime due to system and server maintenance and events beyond your control. Product registration required.

Third party apps: Third party applications available on apps.com. Subject to additional terms, conditions, and fees.

Money movement services, such as direct deposit, are provided by Intuit Payments Inc., a subsidiary of Intuit Inc. For more information about Intuit Payments Inc.’s money transmission licenses, please visit https://www.intuit.com/legal/licenses/payment-licenses/.

Next-day direct deposit: Payroll processed before 5 PM PT the day before shall arrive the next business day (excluding weekends and holidays). Requires setup of direct deposit and bank verification. May be subject to eligibility criteria. Deposit delays may occur because of third party delays, risk reviews, or issues beyond Intuit’s control. Available for contractors for an additional fee. 

Same-day direct deposit: Available to QuickBooks Online Payroll Premium and Elite users. Payroll processed before 7 AM PT shall arrive the same business day (excluding weekends and holidays). Requires setup of direct deposit and bank verification. Same-day direct deposit may be subject to eligibility criteria. Deposit delays may vary because of third party delays, risk reviews, or issues beyond Intuit’s control. Same-day direct deposit available only for employees.

automate tax payment and filing : automate tax payment and file available for state and federal taxis . enrollment in e – service is require for tax payment and filing only . automate tax payment and filing for local taxis available in QuickBooks Online Payroll Premium and Elite only .  

QuickBooks Workforce: Available to employees. Requires an Intuit Account and acceptance of the Intuit Terms of Service and Privacy Statement. 

Auto Payroll: Available if setup for the company is complete. At least one employee has completed setup and has consistent payroll that qualifies for automation (i.e. salaried or hourly with default). Company must complete bank verification if Employee has direct deposit as the payment method, and the first payroll must run successfully. The account must not have a hold.

Automated 1099 e-file & delivery: Prepare your 1099s in QuickBooks at no extra charge. If you choose the 1099 E-File Service, Intuit will e-file your Federal 1099 information with the IRS, and then print and mail a copy directly to your contractors; fees apply. As part of the paid 1099 E-File Service, we also give your contractors online access to their 1099s. State filing not included. You should check with your state agency on any state filing requirements.

Contractor payments: Subscription to QuickBooks Online Payroll is required. Money movement services are provided by Intuit Payments Inc. subject to eligibility criteria, credit and application approval. Payments processed before 5PM PST the day before, arrive the next business day (excluding weekends and holidays). Individual deposit times may vary because of third party delays, risk reviews, or issues beyond Intuit Payment Inc.’s control.

Workers’ comp administration: Benefits are powered by NEXT Insurance and require acceptance of NEXT Insurance’s Privacy Policy and Terms of Use. Additional fees will apply. There is a monthly fee (currently, $5 per month) for QuickBooks Online Payroll Core users for the QuickBooks Workers’ Comp Payment Service. This non-refundable fee will be automatically added to each monthly Intuit invoice at the then-current price until you cancel. The fee is separate from any workers’ comp insurance policy premium by NEXT Insurance. Workers’ Compensation Service requires an active and paid QuickBooks payroll subscription. Eligibility criteria applies to transfer active insurance policy broker of record, including insurance carrier, policy renewal date, and payment method. Workers compensation insurance is not available in OH, ND, WA and WY.

Guideline 401(k): 401(k) offerings are provided and administered by Guideline, an independent third party and not provided by Intuit. Intuit is not a 401(k) plan administrator, fiduciary or other provider. Requires acceptance of Guideline’s Client Relationship Summary and Privacy Policy. Additional 401(k) plan fees will apply. Employees may manage their contributions directly with Guideline. Admin and payroll access required to sign up for a 401(k) plan with Guideline. 

Guideline experts: Guideline expert services are provided by and administered by Guideline, an independent third party and not provided by Intuit. Guideline live US-based support is available M-F, 6 AM-4 PM PT. 

Health benefits: Health Insurance benefits are provided by Intuit Insurance Services Inc., a licensed insurance broker, through a partnership with Allstate Health Solutions. Requires acceptance of Allstate’s Terms of use and Privacy Policy. Intuit Insurance Services is owned and operated by Intuit Inc. and is paid a percentage fee of insurance policy premiums by Allstate Health Solutions in connection with the services described on this page.

hr service : hr support is provide by expert at Mineral , Inc. require acceptance of Mineral ’s Privacy Policy and term of Service . hr support center is is is available only to QuickBooks Online Premium and elite subscription . hr advisor support is is is only available in QuickBooks Online Payroll Elite . hr support is is is not available to accountant who are call on behalf of their client .  

* * product information

QuickBooks Online and QuickBooks Self-Employed system requirements: QuickBooks Online requires a persistent internet connection (a high-speed connection is recommended) and computer with a supported Internet browser or a mobile phone with a supported operating system (see System Requirements) and an Internet connection. Network fees may apply.

QuickBooks Online and QuickBooks Self – employ mobile app : The QuickBooks Online mobile and QuickBooks Self – employ mobile companion apps is work work with iPhone , iPad , and Android phone and tablet . device sell separately ; datum plan require . Not all features is are are available on the mobile app and mobile browser . QuickBooks Online mobile access is include with your QuickBooks Online subscription at no additional cost . datum access is is is subject to cellular / internet provider network availability and occasional downtime due to system and server maintenance and event beyond your control . product registration require .

QuickBooks live monthly bookkeeping service : During the first month , a Live Bookkeeper is provides provide cleanup service that start from the date of your last business tax return through the end of the calendar month of first sign – up to live Bookkeeping . The services is are provide during the first month are as follow , as applicable : update bookkeeping base on information you provide ; connect bank and credit card ; categorize and update transaction up until the last tax – filing date ; reconcile bank and credit card account with past statement , as provide by you ; reconcile remain balance sheet account ; and run a summary report of work complete , balance sheet , and profit loss statement of YTD for cleanup period(s ) .

A live Bookkeeper is begin can not begin clean up your past book until they receive the require support documentation , which your bookkeeper will request from you after your first meeting . Once your bookkeeper receive all the necessary documentation , they is complete ’ll typically complete your cleanup within 30 day . In some case , your cleanup is take may take long depend on timeliness of documentation and the complexity of your book .

During each subsequent month , ongoing Live Bookkeeping services is include include : an overview of the main feature of QBO ; setup of customer and vendor ; assistance with report and reporting tool ; setup of chart of account ; assistance with bank connection , expense type classification , categorization , and reconciliation base on information you provide ; import of historical datum ; and ongoing assistance with bookkeeping practice ) . Some basic bookkeeping service may not be include and will be determine by your Live Bookkeeper . The Live Bookkeeper is provide will provide help base on the information you provide . For more information about service provide by Live Bookkeeping , refer to the QuickBooks Terms of Service .

QuickBooks app integration : online services is vary vary by participate financial institution or other party and may be subject to application approval , additional term , condition , and fee . For more information see apps.com .

QuickBooks Online usage limit : QuickBooks Online Advanced is includes include unlimited Chart of Account entry . simple Start is allow , Essentials and Plus allow up to 250 account . QuickBooks Online Advanced is includes include unlimited Tracked Classes and Locations . QuickBooks Plus include up to 40 combine track class and track location . track Classes is are and Locations are not available in Simple Start and essential .

QuickBooks Checking Account opening is is is subject to identity verification and approval by Green Dot Bank .

QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank.

QuickBooks Payments and QuickBooks Checking accounts: Users must apply for both QuickBooks Payments and QuickBooks Checking accounts when bundled. QuickBooks payment ’Merchant Agreement and QuickBooks Checking account’s Deposit Account Agreement apply.

QuickBooks Checking account: Banking services provided by and the QuickBooks Visa® Debit Card is issued by Green Dot Bank, Member FDIC, pursuant to license from Visa U.S.A., Inc. Green Dot Bank operates under the following registered trade names: GoBank, GO2bank and Bonneville Bank. Registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. Green Dot is a registered trademark of Green Dot Corporation. ©2021 Green Dot Corporation. All rights reserved. QuickBooks products and services, including Instant Deposit, QuickBooks Payments, Cash flow planning / forecasting are not provided by Green Dot Bank.

Cancellation policy: You’re free to switch plans or cancel any time.

Customer support: For hours of support and how to contact support, click here.

Terms, conditions, pricing, special features, and service and support options subject to change without notice.