Paychex introduces QBO data integration
Payroll and HR software and outsourcing provider Paychex has introduced a real-time data integration from the Paychex General Ledger Service to QuickBooks Online.
Accountants have been pushing for more payroll capabilities within their accounting software, and this demand is increasingly being met by payroll providers like Paychex building new integrations such as this new one with QBO.
The new integration allows accountants to connect data from the Paychex GLS so that it flows directly into their QuickBooks Online accounting package through a “Link and Sync” tool in GLS. The goal is for users to be able to post payroll entries to their QuickBooks journal entry quickly.
For accountants who want to use this integration, Paychex provides a specialist who will work with them to complete the setup process, after which the data flow begins. After setup, accountants will have access to live phone support at any time from a Paychex GLS specialist.
With each payroll processed, payroll transactions flow into the user’s QuickBooks Online journal entry using an application program interface tailored to Intuit. After the information is delivered, the application then authenticates the data and moves it automatically from the Paychex GLS to QuickBooks Online.
“At the center of any successful business is an accounting system fueled by data,” said Tom Hammond, Paychex vice president of corporate strategy and product management, in a statement. “With this new integration, we’re helping both business owners and our valued accounting partners gain much-needed efficiency and productivity by introducing simple and easy-to-use real-time data integration that ensures data integrity across platforms. Over the past year, Paychex has made a significant investment in our integration strategy with all our accounting technology partners, including QuickBooks Online.”
“Paychex and Intuit have a shared focus on delighting customers, creating efficiencies in the payroll process, and helping employees get paid faster,” added Kyle Jenke, leader of global platform and partnerships at Intuit QuickBooks, also in a statement. “This new integration delivers on that focus so that small businesses can concentrate on fueling their growth and meeting their customers’ needs.”