As a result of online payroll software, the expense of running payroll has reduced considerably. Nowadays, most businesses do not have to seek the services of hired accountants in order to run payroll. Overseeing payroll in-house can prove to be costly, irritating and time-consuming especially if you are trying to do it on your own. Outsourcing to a committed payroll software service enables business owners to concentrate more on other important aspects of their business.
Every business has its own specific payroll requirements. You may need something that is personalized while other may want something that is not customized at all. Additionally, you may require direct mobile access to payroll especially if you travel a lot. Cost is usually an influencing factor when choosing payroll software. Today’s best systems are available for as small as $40 to $60 each month for small sized companies. Here are some of The Top 5 Payroll Software Systems For A Small Business:
This is one of the most approved payroll solutions for small firms. It provides 3 different intuit online payroll methods. The most basic method comprises of normal payroll filing but does not include tax or IRS forms. The Enhanced intuit online payroll plan comprises of IRS forms, payroll, tax filings and other legal documents. The Full services intuit online payroll plan is the most expensive one. It provides you with a devoted intuit staff member who will manage payroll on your behalf. Intuit payroll can be combine together with intuit QuickBooks or can be purchased alone.
2. Patriot Pay
This is a simple, economical and accurate online software suitable for small businesses. It has a payroll solution that includes a free employee gateway in addition to free support. Patriot Pay also offers direct mobile access to payroll especially for IPhone and Android users. There are various screening options available before actually purchasing the product including a free 30 day trial offer. Furthermore, the Patriot Pay software has a data restore feature in the event of system failure. However, not all system features are inclusive. In order to access features such as Tax services and employee time tracking, you will have to pay an additional fee.
It claims to be good especially for non-accountants. This is an easy-to-use payroll software specifically recommended for small businesses with less than 10 employees. It helps in printing paychecks and tax forms, report generation and tax calculation. All this can be achieved without any internet connection. However, it does not offer direct deposit or direct mobile access. A free 30 day trial is provided.
This payroll system is offered by Red Wing software. It only requires a one-time fee and it is can be customized. It offers customized wage calculations, electronic tax forms, direct deposits, e-filing options and many other features. One of the key benefits of CenterPoint payroll system is its ability to handle payroll for an extensive number of employees and companies, all at one cost. However, there is an added annual fee for unlimited customer membership support. There is no free trial offer but there is an online demonstration with a sales rep. Moreover, it does not offer direct mobile access.
5. Sage HRMS Payroll
It is compatible with the Peachtree accounting software. It is suitable for a small company with less than 20 employees. The Sage HRMS Payroll system offers a personalized system with unlimited paycheck printing and direct deposits. A free trial period is not offered although they provide free demonstrations on their website. Its only disadvantage is that it does not provide electronic file taxing and local tax calculations.
Conclusively, any small business can find a payroll solution that offers the features and services that they require while also focusing on their budget.
Sourced from: businessbee
Photo: Thinkstock/AndreyPopovPosted on May 22, 2023