Are you running a business? Hurray!!! That’s sound amazing…
It’s no secret that every day you have a hand full of work. Balancing work and personal life is not an easy task. You spend more hours at your company.
What would be the most common problem you face in your business? Of course Payroll. You spend most of the time on employee attendance, calculating wages and more.
Payroll Processing is a tiresome aspect of maintaining and managing a company. As per research, 40% of business spend more than 6 hours per month to perform employees payroll.
How many times you’ve done a mistake while processing a payroll? Countless times right. Yes, payroll mistakes can be done frequently.
Just imagine, about your employee. Their major source of income is salary. They eagerly wait for the salary day to pay off their bills.
Think, what if you don’t pay an accurate salary because of your mistake? Can’t imagine right. Ultimately these type of mistakes can affect your business productivity.
You don’t want it to happen with you right?
Therefore ensuring accurate salary for your employee is imperative. Also adhering PF, ESI, PT and other statutory compliance is important. To make your employee happy, you should have a clear understanding of how to run an accurate payroll.
What is payroll?
Payroll is a record of your employees who receive wages. In other words, payroll is a money an employer pays to an employee.
Hr department needs to more concise while paying the salaries. Since there are ongoing tasks that require constant attention.
The payroll processing is divided into three stages such as
- Pre-payroll
- Actual payroll and
- Post payroll
Do you’ve payroll software for your company? If no, then you’re seriously wasting your time and money.
What is payroll software?
Payroll software is a kind of software that serves with paying employees for time worked. This software can effectively draw paycheque or deposit to respective employee bank account directly.
With payroll programs, calculating taxes and deduction is easier.
Following are handpicked payroll software solution for your business.
QuickBook
If you’re running a small business then QuickBook is the best invoicing software for you. QuickBook is a powerful accounting solution. Instant cashflow insights are available. Run payroll and manage your CIS. With accounting employee accounting information organised on the cloud. Therefore sending and creating an invoice is easy.
Also, you can stay up-to-date all the time. QuickBook includes effective features such as tracking, reminders, payments at your fingertips. Additionally, you can connect with your favourite apps to expand your digital experience.
Benefits
- Most popular software
- Frequently used for inventory management, accounting, invoices, etc
- Massive integrations available
- Self-service is available for employees
- Cost effective tool
- Versatility for many businesses
- In-house bookkeeping is easy
Pricing: Basic plan starts at Euro 5 per month.
Gusto
Gusto is a ZenPayroll company.
It is the most popular payroll services. Gusto stands unique in the crowd of payroll. This accounting software completely distinguishes itself by providing unique features that are commonly used payroll software for businesses.
This software offers an amazing user experience through easy-to-use and professional navigation scheme. You can streamline the payroll and automates the payment process. On the other hand, it always keeps up to date with yearly compliance and taxation to avoid mistake.
- Error-proof payroll software
- Handles employee taxation report, budget plan, new hire, etc.
- End-to-end automation
- Integrated 401(k)
With the innovative and latest technology, this software makes it easy and simple for employees to payroll. Also, manage additional benefits. This software revolutionized in various paths the quantity and quality of payroll were entitled.
Pricing: Concierge plan starts at $12 per month.
OnPay
If you want to pay your employee within a fraction of seconds, then OnPay is the smart choice for you.
Running payroll is simple and intuitive with OnPay. Since no organization goal is similar, OnPay has designed a flexible way and payroll solution in a cloud. Moreover, OnPay holds 30 years of experience as a leading payroll provider. You can plan according to your budget and choose from popular insurance solutions.
Benefits
- Self on-boarding
- PTO tracking & approvals
- No upfront payments
- In build HR checklists
- Lifetime employee accounts
- Easily add a new employee
OnPay operates flexibly with small, large and accountants. The payroll solutions offered by this solution is the best way to start. Here payroll processing can be done anytime and anywhere. Unlimited pay can be run each month. The best thing is there is no additional fee for tax filings. Furthermore, it also provides friendly customer support for employees.
Pricing: OnPay first month is absolutely free. Base subscription starts at $36 per month.
Justworks
Justworks will automate your companies backend complexities. Hence you can work without any fear.
If your planning to avail all the payroll needs at one place. It includes payroll, HR benefits, compliance, etc. Then opt for Justworks. You can focus on other aspects which are equally important.
Access amazing benefits that your HR team deserves at affordable prices. Identically stimulate payroll process for everyone and every time. Hurray!!! Ditch the old spreadsheet and handle your employee with Justworks software.
- Manage your paid time off – Creating PTO policies and leave request is easy.
- Get support around the clock – Justworks customer care executive will be available on call, message, live chat, email.
- Pay hourly and day employees: All you need to fill basic information about timecards. Thereby rest will be taken care of by Justworks.
- Organize important documents – You can attach employee and company policies documents to anyone.
Pricing: Basic plan starts at $44 per month.
ADP Workforce Now
ADP Workforce Now is one of the popular payroll software from ‘American firm’. If you’re looking for cloud-based payroll software, then ADP Workforce Now is the perfect choice for you. This software is specially designed for medium scale businesses. In addition, it can deliver easy-to-use software that effectively scales with your business. Also, you can integrate all your favourite application.
Especially it gathers the information and streamlines your HR process into a dashboard. Also, you can create accessibility for the employee record. Here an employee can update, modify their records.
- Simplified payroll service
- Pay accurately
- Avoid errors
- View on mobile, desktop, etc
Sage Payroll
Looking for cost-effective payroll software? Here you go – Sage Payroll.
Sage Payroll is an amazing payroll software that caters to every business across multiple industries. Comparatively, it automates and manages your payroll functions in an effective way. While this software can be deloped ‘on-premise’. Sounds interesting right? Yes.
On the other hand, Sage Payroll solution can pay salaries directly to their bank accounts. Or sometimes company-generated cheques. Also, Sage Payroll offers various reports to their users for deep analysis.
If you’ve any queries regarding payment processing, feel free to approach Sage Payroll customer support team. Their team can assist you through phone, message, live chat or via an online knowledge base.
Benefits
- Amazing reporting capabilities
- Affordable payroll software
- Custom user access permissions
- Top-notch security
- Manage and maintain your payroll every day
- Automatic enrolment
Pricing: Saga Base plan starts at euro 3.60 per month.
Xero
Xero is an online payroll software founded in 2006 (New Zealand). Given that Xero tool is used by many companies across the globe. Whereas this software is designed for a small, medium and large business. IT holds with extraordinary enterprise-grade features that have the capability to handle everything. It includes invoicing, bank reconciliation, etc. Apart from that, Xero is also well known for its outstanding advanced payroll specifications and features. It allows every user to synchronize with their employee information.
- Full-service payroll is available on 50 states
- Federal and local taxes
- Automated payroll filing
- On time tax payments
- Unlimited payrolls and direct deposit
- Multiple schedules
- Online employee setup
Xero is a secured platform. It means, there will be multiple checks and authentication factors are involved. The process of every information is stored in detail including user, manual notes, etc. Therefore Xero is a trusted software.
Pricing: Xero early plan starts at $9 per month.
Wave
Are you running a small business? Looking for payroll software at a low price? Wave accounting tool is a great option for you.
Wave is an outstanding enterprise-grade payroll solution. Uniquely bring every feature such as accounting, taxes, invoicing in a single package. Also, Wave provides flexible payroll management module. Thereby it can be equipped with payroll data, calculation and payment deposit. Whereas Wave is an open software solution and openly available for small organization and also for self-employed professionals.
- Build expert invoices and receive a notification instantly
- Import your banking and credit card transactions
- Accelerate everything, right from invoicing to tracking sales
- Control your overall cash flow by scheduling
Zenefits
Zenefits is a leading payroll software from decades.
It’s a known fact that HR activities are becoming complex day by day. That’s why Zenefits has been introduced for complete HR ecosystem. Once you load the employee data, automatically the information will be recorded through all tools. Also, your employee and company information is proactive.
Every company is different from others. With Zenefits, you can easily access to your favourite apps and industry tools. With, Zenefits you can keep your existing plans or select other new plans from the list. Since, this software offers multiple types of plans such as insurance, medical, dental and more.
- Powerful accounting software
- Reduces administrative overhead
- Increases employee efficiency
- Less paperwork & more real-time work
Pricing: Zenefits basic plan starts at $21 onwards.
