The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Payroll Issue - Non Profit||Date: 8/16/2010 3:32 PM|
|Author: Wradical||Number: 110897 of 121061|
My wife has taken over many administrative functions for a small nonprofit organization. Currently Quicken Books for Non-Profit is being used to track finances. This organization has total income under $100,000 per year. The organization is going to hire two part time people since the founder/director has developed health issues. Intuit wants $200 per year for the payroll addition to Quickbooks for Non-Profit. This amount is more than the organization wants to pay. What are the alternatives?
They can look into a payroll service - Paychex, ADP, etc. Which is the way I'd go. But it will cost more than $200/yr. But not all that much more. Maybe $500/yr., but that includes all the payroll returns, W-2s, etc.
Really, $200/yr. is nothing, but that also means someone on staff is doing the data entry, printing out the forms, etc.
This is just the cost of doing business when you hire people.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|