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Intuit partners with Paybooks to bring a payroll platform

Intuit Inc., has announced that it has entered into an strategic partnership with Paybooks to offer a comprehensive payroll platform

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Sanghamitra Kar
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BANGALORE, INDIA: Intuit Inc., has announced that it has entered into an strategic partnership with Paybooks, one of the growing cloud based payroll providers in India, to offer a comprehensive payroll platform for small business owners and accountants.

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With the payroll integration, Intuit QuickBooks will have fully integrated cloud based financial management solution with payroll capabilities focused on small businesses. The partnership will enable small businesses and accountants to increase efficiency, usability and expand their business. It will also make it easier and quicker to comply with payroll laws such as Provident Fund (PF), Professional Tax (PT) and Employee State Insuance (ESI).

With this partnership and deep payroll integration with Intuit QuickBooks, Intuit will be able to offer a robust solution that will empower small business owners and accountants to better collaborate with their employees and clients.

For Accountants, Intuit QuickBooks eco system now offers end-to-end solution covering their entire practice of Accounting, Payroll and Compliance (APC). It will also enable improved efficiency through guided payroll run and automatic update of payroll transactions to Intuit QuickBooks accounting books. The accountants and small business owners will also receive continuous updates on payroll compliance matters.

Samira Rao, co-founder and director of Paybooks, said: “Paybooks is committed to help businesses in India by automating their payroll, compliance and benefits management. Partnering with Intuit QuickBooks will enable us to reach out to small businesses and accountants in India. Since accounting and payroll are complimentary to each other, this strategic partnership will also help our customers experience a seamless access to accounting and allied functions through Intuit’s strong partner ecosystem.

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