Small businesses require efficient payroll solutions to manage their employees’ salaries, taxes, and benefits without the complexities and high costs associated with larger systems. With the right payroll software, small businesses can save time, comply with tax laws, and improve overall payroll management. Below is a comprehensive review of top payroll software for small businesses. Read on!
Criteria for selection
The criteria of selection were based on;
- Ease of use: user-friendly interfaces that simplify the payroll process
- Cost: pocket-friendly software without compromising on quality
- Features: essential features that can be customized to meet your business needs
- Customer service: access to responsive and helpful customer service
- Integration: ability to integrate seamlessly with other business systems such as accounting software
Top 10 payroll software for small businesses
QuickBooks Payroll
QuickBooks payroll stands out for its integration capabilities with QuickBooks accounting, making it an ideal software for keeping your payrolls and accounts in check. Its key features include automated tax calculations, direct deposits, and W-2 filing.
Gusto and FreshBooks
If you are looking for payroll software with a user-friendly interface and excellent customer support, then look no further. Gusto is your all-in-one solution, providing automated payroll processing, tax filing, and a wide range of HR tools.
An integration between Gusto and FreshBooks becomes an unmatched combination. Freshbooks, being an accounting software generates all payroll details, making your bookkeeping management easier.
Square Payroll
Square payroll is an excellent choice for workers working hourly. It integrates seamlessly with Square’s POS systems and offers straightforward payment solutions. With Square Payroll, you can easily file your taxes and generate payrolls for your employees.
OnPay
Onpay is known for its simplicity and flexibility, catering to various business types with customizable payroll and HR features. It has no hidden cost, making it affordable software for all business sizes.
ADP Run
This tool offers a scalable payroll solution that grows with your business. It provides extensive payroll features including tax and HR management. It has multiple plans to choose from, and all plans come with direct deposits, reporting, and a self-service portal that is easy to navigate.
Patriot Payroll
Patriot Payroll offers a simple and affordable payroll solution with an easy setup process for startups or small businesses. Businesses with tight budgets can consider this tool because it allows you to pay for features that you need.
Paychex Flex
For a quick generation of reports and data, paycheck flex is your perfect solution. It has numerous turnover options, wages, and taxes. Also, it integrates with other business systems such as Xero and QuickBooks.
Sage Payroll
Sage payroll provides features that are designed to accommodate complex payroll needs, including compliance management. It streamlines and automates all manual processes, saving you time and money, and redirecting your energy to focus on other important tasks.
Zenefits
This tool is not just a payroll software, but a full HR platform that includes payroll processing. Its best for businesses looking for comprehensive HR solutions.
Payroll software comparison table
| Software | Starting price | Key features |
| QuickBooks | $45 per month | Integration with accounting software |
| Gusto and FreshBooks | Has a free trial | Automated payroll |
| Square payroll | $29 per month | Integration with POS |
| OnPay | $40 per month | Customizable features, flexibility |
| ADP Run | $79 per month | HR tools |
| Patriot payroll | $17 per month | Simple, affordable |
| Paychex flex | $39 per month | Dedicated support |
| Sage payroll | $49 per month | Compliance management |
| zenefits | $6 per employee per month | Comprehensive HR needs |
Conclusion
Choosing the right payroll software is crucial for your business. Consider your business needs, budget, and features that can be customized to meet your needs. We hope that this review will help you in making an informed decision. Remember, with the right tool, you can streamline all your business processes and take your business to the next level. Good luck!
FAQs
Can I switch payroll provider’s mid-year?
Yes, but ensure you have all the necessary historical payroll data for a smooth transition.
Does all payroll software handle tax filings?
Most do, but some may require manual submissions. Verify this feature before purchasing.
Are there any free payroll software options?
Some providers offer free trials, but fully free solutions may need more essential features or scalability.
How important is integration with other software?
Integration can greatly improve efficiency by reducing manual data entry and ensuring that different systems like accounting and HR are in sync.
