Top 10 Payroll Software Options for Small Businesses
Handling payroll on your own for your small business is no simple task. Calculating deductions for every employee and ensuring that each paycheck goes out on time is tedious and can be overwhelming to take care of. Luckily, advances in technology have bred innovation in many areas of business, including the development of convenient payroll software.
Payroll technology has a plethora of benefits for small businesses. It can save time and money, make payroll easier, integrate with other HR software, increase accuracy and compliance, and mitigate errors during manual payroll. Payroll software is often more affordable than hiring a third party to complete payroll for your business. Suppose you’re tired of making tedious calculations for payroll or paying a lot of money to have someone else make those calculations. In that case, payroll software may be a good option for your business.
What to Look for in Payroll Software
When shopping for the right payroll program for your business, consider a few things as you compare different options – cost, ease of use, integration options, and reporting features. While this is not a comprehensive list of considerations, these are some of the basics that you will want to have in mind when deciding which software is the best fit for your small business.
Top 10 Payroll Softwares for Small Businesses
To help you begin your search for the perfect payroll software for your small business, we’ve compiled a list of 10 of the best softwares on the market.
This award-winning software solution allows businesses to manage all aspects of their payroll from tracking employee time to calculating overtime and PTO. The consumer interface is also incredibly intuitive and easy to use. Businesses with more than 50 employees will pay $39/month starting price.
Paychex is a good option for those businesses looking for payroll software with detailed reporting features. They also offer 24/7 customer support, benefits management, and HR add-on options. Additionally, it is also relatively easy to use. Some users have reported mixed reviews for customer support, and there are hidden fees attached to services associated with end-of-year taxes.
RUN by ADP
RUN by ADP offers a plethora of services to businesses, including benefits tracking, check printing, direct deposits, and payroll reporting. If you prefer sending a physical paycheck rather than making direct deposits, ADP can do this on your behalf for an additional fee. Quotes for this payroll software are available by speaking with a representative.
There is an option for businesses of any size with payroll software from Gusto with three different tiers available. Gusto offers unlimited payroll runs and PTO tracking at all levels. However, unless you have one of the higher tiers, you will miss out on some of their other features such as dedicated support and next-day direct deposit.
If you already use QuickBooks for bookkeeping or tax reporting, you may consider getting QuickBooks Payroll, as it seamlessly integrates with other QuickBooks products. It is also straightforward to set up. One downside is that the lowest-cost option is more expensive than many other payroll software options without as many extra benefits.
As one of the more affordable options on the list, Sage helps you complete the essentials of payroll efficiently and accurately. The most basic option doesn’t have a lot of extras, but it can get the job done. Some users complain that the interface is not easy to use and can be slow.
If customer service is high on your list of “musts” for payroll software, look no further than Workful, as they are known for their excellent customer service. They also offer geolocation time tracking for employees. Workful’s reporting features are somewhat limited, and the interface is not as seamless as some of the other software options.
OnPay is an easy-to-use payroll software with no hidden fees, making it an attractive option for small businesses. It automatically calculates deductions, including state and federal taxes. One drawback is that there are no same or next-day direct deposits available.
Another affordable option on the payroll software market is SurePayroll. They have a variety of benefits, including tax compliance, direct deposit, payroll reporting, and compensation management. It does not have a lot of the same robust reporting features as some of the other options on this list.
Wagepoint is payroll software known for its friendly service and customer support. They offer many helpful features such as direct deposits, tax compliance, and W-2 preparation. Some say that the vacation payout feature is not as seamless as the rest of the software.
When it comes to picking the right payroll software solution for your business, you are not without options! Make payroll easier, cheaper, and more convenient for your small business by implementing one of these payroll software options.