
Top 10 Payroll Software Tools For Small Business Owners
When you run a small business, it’s important to know that all the financial aspects of your company are in good order. That starts with having reliable software that can help you to manage tasks such as calculating employee payroll, tracking expenses and invoices, and issuing tax forms.
When it comes to choosing payroll software for your small business, there are a lot of options available. To help you choose the right payroll software for your business, we’ve compiled a list of the top 10 payroll software tools.
1. Gusto:
Gusto is a full-service payroll software that offers features such as online payments, direct deposit, and unlimited payroll runs.
2. Patriot Software:
Patriot Software offers an affordable payroll solution for small businesses. Their features include online filing of taxes, direct deposit, and workers’ compensation reports.
3. Paychex:
Paychex is a leading provider of payroll services for small businesses. They offer features such as online pay stubs, direct deposit, and tax filing.
4. Intuit QuickBooks Payroll:
QuickBooks Payroll is a popular accounting software that also offers payroll features. Their features include online pay stubs, direct deposit, and tax filing.
5. Zoho Books:
Zoho Books is an accounting software that offers integrated payroll features. Their features include online pay stubs, direct deposit, and tax filing.
6. Sage 50cloud Payroll:
Sage 50cloud Payroll is a cloud-based payroll solution that offers features such as direct deposit, tax filing, and access to employee self-service portal.
7. ADP RUN Powered by ADP:
ADP RUN Powered by ADP is a cloud-based payroll solution
Who needs payroll software?
If you are a small business owner, you may be wondering if you need payroll software. The answer is: it depends. If you have a very small business with only a few employees, you may be able to get by with using Excel or another spreadsheet program to manage your payroll. However, as your business grows and you add more employees, you will likely find that payroll software will save you a lot of time and headache.
Payroll software can automate many of the tasks associated with managing employee pay, such as calculating hours worked, withholding taxes and other deductions, and issuing payments. This can free up your time to focus on other aspects of running your business. In addition, payroll software can help ensure that your employees are paid correctly and on time, which can help improve morale and decrease turnover.
There are many different payroll software programs available, so it is important to do some research to find one that is right for your business. Be sure to consider features such as ease of use, price, Customer support availability, and compatibility with other accounting or HR software programs you may be using. Payroll software can be a valuable tool for small business owners, so take the time to find the right one for your needs.
The 3 Most Important Features of a Payroll Software
When it comes to choosing payroll software for your small business, there are a few key features you’ll want to look for. Here are the three most important features of a payroll software:
1. Ease of Use
One of the most important features of any software is how easy it is to use. You don’t want to waste time trying to learn a complicated new system – you want something that’s user-friendly and straightforward. Look for a payroll system with a clean interface and simple controls.
2. Accuracy
Obviously, accuracy is critical when it comes to your business’s finances. Make sure the payroll software you choose offers high accuracy and can be customized to meet your specific needs. Ask about the software’s error-checking capabilities and whether it offers any guarantees.
3. Affordable Pricing
Small businesses need to watch their bottom line, so you’ll want to make sure the payroll software you choose is reasonably priced. Look for a system that offers flexible pricing options and doesn’t charge hidden fees. And be sure to compare prices between different vendors before making your final decision.
Free, Low Cost and Enterprise Solutions for Small Business Owners
There are many payroll software products available on the market today. However, not all of them are created equal. Some are much more expensive than others, while some offer free or low-cost options.
Here is a breakdown of some of the top payroll software tools for small business owners, broken down by pricing:
Free Payroll Software:
Gusto: Gusto offers a free version of their payroll software for businesses with up to 10 employees. This software includes features such as direct deposit, health insurance integration, and time tracking.
Wave: Wave also offers a free payroll option for businesses with fewer than 10 employees. Their software includes features such as direct deposit and automatic tax calculations.
Low-Cost Payroll Software:
QuickBooks Online Payroll:
QuickBooks Online Payroll starts at $35 per month + $4 per employee per month, making it one of the more affordable options on the market. This software includes features such as direct deposit, automated tax filings, and online support.
Paychex Flex:
Paychex Flex starts at $99.00 + $4 per employee per month and offers similar features to QuickBooks Online Payroll, such as direct deposit and automated tax filings.
Xero:
Xero starts at $9 + $6 per employee per month for their basic plan. Xero’s plans include additional features not found in other low-cost solutions such as expense tracking and invoicing
Help with Signing Up, Installing, and Setting up
If you’re a small business owner, you know that one of the most important things you can do for your business is to make sure that your employees are paid on time and accurately. The best way to do this is to use payroll software.
There are a lot of different payroll software programs out there, so it can be difficult to know which one is right for your business. To help you make the best decision, we’ve put together a list of the top payroll software tools for small business owners.
1. QuickBooks Payroll
QuickBooks Payroll is one of the most popular payroll software programs on the market. It’s designed to be easy to use, and it integrates with QuickBooks accounting software, so it’s a good choice if you’re already using QuickBooks for your accounting needs.
2. Gusto Payroll
Gusto Payroll is another popular option that’s known for being user-friendly and affordable. It offers a variety of features, including direct deposit, online pay stubs, and tax filing assistance. Gusto also offers a free trial, so you can try it out before you commit to using it long-term.
3. Wave Payroll
Wave Payroll is a good choice for small businesses that need payroll assistance but don’t want to spend a lot of money on it. Wave offers free payroll software to qualifying businesses, and it includes features like direct deposit and online pay stubs.
Conclusion
As a small business owner, it’s important to choose the right payroll software to manage your employee compensation. The 10 tools listed in this article are all great options for small businesses, each with its own unique features and benefits. Be sure to evaluate your specific needs before choosing a payroll tool, and you’ll be sure to find the perfect fit for your business.