6 Best Payroll Software for Small Businesses 2022

Gusto is a full service payroll solution that helps businesses pay contractors in 80+ countries and stores all the I-9, W-2, and 1099 forms for their employees. The software also handles the state tax registration process in all 50 states and keeps track of changing tax laws so businesses are always compliant. By outsourcing payroll processing to PrimePay, small businesses can free up time and resources that can be better spent on other aspects of running their operations.

Great for agile teams and companies with remote employees, Sage 50cloud Payroll supports remote access to data for https://www.wave-accounting.net/ both staff and accountants. In this way, you can promote better transparency when it comes to company finances.

Paychex Features

Evaluate which tier would be least expensive for you in the long run before signing up. Though each has a unique design with varied features, most online payroll services work basically the same way. They typically include a cloud-based portal for both employers and employees. Employers—or your accountant, bookkeeper or HR employee—set up benefits and salaries for employees and, on some platforms, contractors. Zenefits is an online platform designed to help small and medium businesses handle HR administration, including complex payroll management processes. Payroll services offer payroll processing to businesses and other types of organizations.

HR features such as health insurance administration, employee self-onboarding and state new hire reporting are included at all pricing tiers. Employees also get access to a mobile app called Gusto Wallet to help them track their finances, and they can opt to be paid through debit card. For businesses that want the human touch, the Premium level offers dedicated HR support. Gusto integrates with many third-party software products, including popular accounting apps like QuickBooks Online, FreshBooks and Xero. Still, the basic reporting you get from Paychex could be worth the monthly fee alone, giving it the edge in this category. Plus, you’ll be able to add any other data field you’d like, thanks to custom fields, which is rare for small business online payroll services. Square Payroll offers the lowest-priced contractor-only plan in this guide.

Square Payroll features

Moreover, it comes with a handy, self-service application so employees can check the status of their pay. Other great benefits of this new type of payroll include the addition of available customer support and the ability to keep current on any changes made to payroll laws or regulations.

• OnPay is a simple and intuitive cloud-based solution that includes all you could need for your small business payroll.
• The various services handle this slightly differently, but you’ll be able to see each employee’s gross and net pay, plus withholding for taxes, benefits, and any company contributions.
• Their software provides a detailed breakdown of payroll costs, allowing companies to track where their money is being spent.
• 15+ Free Business Tools See all other free business tools our team has created to help you grow and compete with the big guys.
• Namely is a comprehensive human resources suite that combines functionalities for payroll, benefits, and talent management.

Employees don’t have to touch the device since it supports clock ins/outs via facial recognition. TimeTrex will automatically scan, identify, and verify a person by comparing his/her facial features from the saved image in its database.

ADP

Instead, it’s designed for businesses that have sufficient amounts of employees or contractors. It mainly handles HR tasks like onboarding employees and has areas for W4 and I-9 forms. It also allows automatic payment of federal and state taxes, which saves time and ensures accuracy.

To be precise – Rippling states that it runs payroll within 90 seconds. Wagepoint’s payroll software, created just for small businesses, aims to make it easy to pay everyone and stay on top of your payroll taxes. It offers step-by-step screens, guidance, and tips for managing payroll and allows you to set up automations for recurring payroll. It includes multiple payment options, including direct deposit and ADPCheck. The right small business payroll software solution can transform managing payroll from a daunting and time-consuming task into a quick and easy one. We lined up our top picks for the best payroll software solutions that will best fit your business’ needs and budget.

Currently, she’s Business.org’s accounting and payroll staff writer. Her work has been featured on SCORE.org, G2, and Fairygodboss, among others. Gusto’s friendly design and full-service payroll system with HR features make it the best overall payroll software provider. Payment structure and taxation requirements for each of them differ and you need to know these numbers to evaluate your payroll needs.

• Though each payroll site we examine here provides a unique user experience, they all share similar structures.
• Its monthly per-employee fee looks high at first glance, but it could be well below the cost of an HR hire and goes lower the more employees you have.
• For businesses that want the human touch, the Premium level offers dedicated HR support.
• Toast Payroll and Team Management is a comprehensive HR platform for simplifying payroll and employee management.
• For support, they offer customers the opportunity to submit a support ticket, chatbot, live chat, and a help center with articles and tutorials.
• Allowance management.If your employees need travel and food allowances, you can manage them directly using HRAPP.

Businesses that opt for the Premium plan even get access to a dedicated team that intimately knows their account. You might need to opt for paid add-ons to ensure you have all the “must have” features in your payroll service. If you can squeeze some “good to have” features as well, do so, but don’t overextend yourself. You can have both regular employees and independent contractors on your payrolls.