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The Best Payroll Software For Small Business (That’s Affordable, Too!)

If you’re trying to get a new business off the ground, this guide to the best payroll software should be a great help — while saving you some money, too!

If you are running a small business, you know the importance of payroll. All small businesses need to find an efficient payroll system to meet the needs of the company and its employees.

The best way to do this is to find the best payroll software.

So how do you decide what is the right payroll software and what features you need?

We’ve done the research and put together this guide of the best payroll software applications and their features so you can decide which is best for yourself.

 

The Best Payroll Software for Your Business

You will need to create pay stubs easily to keep an accurate record of how much your employees are earning.

This will benefit the company as well as the employees. Once you have developed a regular routine of creating pay stubs, the next step is to choose the best payroll software for your business:

 

  1. SurePayroll

This is a cloud-based payroll software that is catered to small businesses. It is a simple software with the basic features needed for payroll. If you need something simple and want to focus on getting on with the payroll, then this is the software for you.

One great feature of SurePayroll is their willingness to listen to customer feedback. They encourage customers to offer feedback on the product and are constantly improving it to meet their demands.

You will have to receive a quote for your company’s needs. However, pricing for SurePayroll is championed as being very affordable to small businesses.

The features include:

  • Payroll processing
  • Tax services
  • Direct deposit
  • Reporting new hires
  • HR support
  • Managing garnishments
  • Check signing

While it does not have many integrations with other applications, keep in mind that it is made to be straightforward and simple.

 

  1. ADP

ADP is a well-known brand and has fantastic payroll software for small businesses.

It is one of the most popular payroll options for small and big companies. There are pricing options to match any size of business and there are additional charges for using additional features.

While it may not always be the most affordable option, it will offer a quality service that is unparalleled. There is a reason why it is a favorite among many American businesses.

You can request a quote before signing up for their services. In any case, you will receive a two-month free trial so you can see if it suits your company’s needs.

The features include:

  • Payroll processing
  • Direct deposit
  • Time-tracking
  • Paying garnishments
  • Filing taxes

It can also integrate with other applications including Slack, Quickbooks, Wave, Clover, and Ziprecruiter, among many others.

Overall it is not practical for a startup, but for a growing small business, ADP is a great option.

 

  1. Intuit QuickBooks Online Payroll

While QuickBooks is old software, it remains a popular option and is a great way to manage payroll.

Anyone who is already experienced with QuickBooks will easily be able to transition to the online payroll software. It also comes at an affordable price for most businesses. It is a preferred option for both small and large companies.

The customer service of QuickBooks is not known to be the best; therefore, it is truly best suited for someone who is experienced with the software and will not need any customer support.

One of the best features of the software is its integration with TurboTax. Your employees can import their W-2 forms into TurboTax and file their tax returns.

The most basic features of the Intuit QuickBooks Online Payroll include:

  • Unlimited payroll processing
  • Next day direct deposit
  • Calculating paychecks
  • Managing garnishment
  • Managing deductions
  • Filing federal and state taxes.

It can integrate with many applications including Expensify, Shopify, and TSheets.

 

  1. Square Payroll

Square has taken off as a great method for receiving and sending payments. Its payroll software is just as excellent.

It is a simple software that works well with Square’s other applications. It is inexpensive and is a great option for both small and large companies. While it has limited features, it is best for accomplishing the basics – as many companies may not need or desire additional features.

Plans can be canceled at any time and pricing is based on the number of contractors or the number of employees – with the latter having a higher charge. Because of its simple interface, Square is best suited for someone who has never done payroll before – or for a company that does not want to spend too much time completing payroll.

It offers:

  • Unlimited payroll processing
  • Tax services
  • Direct deposit
  • HR support
  • Time tracking
  • Managing garnishments

If you want a straightforward payroll service and are already with Square’s ecosystem, this is the perfect option for your company. Its low price is also especially great for startups who need to cut costs while trying to build revenue and maximize profits.

 

  1. Paycor

Paycor is more than just payroll software. It is a Human Capital Management (HCM) system that has payroll features built-in.

It is a cloud-based service and is very easy to use. It can be expensive and sells many additional features a la carte. This makes it ideal for larger businesses or startups that are very profitable.

Nevertheless, Paycor is lauded for its simplicity and high-quality features including interactive dashboards and reporting features. It also offers great customer service and is tailored to providing the best services for its clientele.

Its many features include payroll, same day direct deposit, W2 creation, HR support, managing garnishments, and creating customized reports.

Additional features include:

  • Recruiting
  • Learning management systems
  • Application tracking
  • A scheduling platform
  • It has integration with over 30 applications

If you need to handle payroll as well as provide your HR department with a platform for completing their tasks, then Paycor is a great option.

 

Payroll for Your Business

Now that you know the variety of options, you can choose the best payroll software for your business.

Make sure that you choose an option that is affordable. You want one that is easy-to-use and is beneficial for your company and for your employees.

Be sure to read more about technology and business on our blog.

1 Comment
  1. Stubsondemand specializes in accounting and taxation. You may find many alternatives available online but none compare to Stubsondemand. Whether its salary pay stub or contractor pay stub, Stubsondemand is best paystub software both in accuracy and automation at the same time. It allows you to produce and download your Stub effortlessly in a split second while receiving a copy in your inbox.

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