4 Best Payroll Software of 2021

When your business has the right payroll software, both you and your employees can look forward to on-time payments. Not only is this crucial to the success of your business, but it ensures that your employees will be happy and less likely to leave. Doing payroll can be challenging without the best software. That’s why we wanted to share with you our top picks for completely payroll efficiently and accurately. It matters not whether you have a team of several hundred employees or only a handful; you need payroll software that is reliable and capable of delivering accurate payments each and every pay period. When you use any of the four programs below, you can trust that they will provide the precision you need for correct payroll. This will allow you to focus on other areas of your business without having to worry about inaccuracies in your accounting.

Top Payroll Software

Square

As its name suggests, Square began as a small, white, plastic square credit card reader. It also served as a cash register for tablets. Thanks to its success among small business owners, Square has come a long way since its inception, now offering some of the best payroll software in the industry. Square’s payroll software makes it easy for employers to pay full-time employees, hourly employees, salary employees, and contractors. You can also track hours using this versatile software, thanks to its all-in-one model. Those features alone would make Square a viable payroll solution. But it goes above and beyond by letting business owners incorporate health benefits while handling all tax deductions and filings. What’s more, you can set up individual online accounts for all of your employees, simplifying the way you manage payroll. Are you often on the move and need to access payroll away from the office? Square has you covered there, too. Thanks to a handy mobile app, you can pay your employees anywhere you have cellular data or Wi-Fi service. All of these features are great, but the million-dollar question is, of course, how much does it cost? Square is quite reasonable, charging you a base price of just $29 a month for service. You’ll be charged an additional $5 for every employee. Business owners both with high and low volume will appreciate the ease-of-use that Square provides. If you’re having difficulties with your current payroll structure or simply need a reliable solution, you’ll definitely want to give our top pick a try.

QuickBooks Payroll

Anyone who has been in business for any length of time will likely be familiar with QuickBooks. For many years running, it has been the golden standard for all things accounting. We like QuickBooks Payroll for a few reasons, but it seems to shine the brightest for business owners whose payroll doesn’t fluctuate. Upon setting up the software, QuickBooks Payroll will immediately start payroll through its auto-pay routine. Afterward, you can basically forget about payroll and go on your way, as QuickBooks works well to manage it on its own. You will get updates via push notification to ensure that you’re current on all processes and actions. The only time you really need to get your hands dirty is if there are changes to your payroll structure. Otherwise, QuickBooks works just fine on its own. When you invest in this payroll software, you can look forward to protection from tax penalties. This feature is a welcome addition, as QuickBooks Payroll automatically resolves any issues and pays your penalties before they become problems. Hours are easily tracked, as well, and there’s even an option for same-day direct deposits (with the right package). In short, you can trust that your payroll needs will be met, so you can focus on other important aspects of your business. You can choose between three different packages when signing up for QuickBooks Payroll. Core The first package comes with automated payroll, next-day direct deposit, and health benefits implementation. Upon initial sign up, Core costs $22.50 a month for the first three months. After this period, the price increases to $45 a month. This is a base price, so you will need to factor in an additional $4 for every employee on your payroll. Premium This package also includes automated payroll but with same-day direct deposit. It will also let you track time on the go, and you get access to QuickBooks’ HR support center. For the first three months, Premium costs $37.50. Afterward, it increases to $75 a month. In addition to this monthly fee, you will need to add $8 for each employee on your payroll. Elite This is the package that has all of QuickBooks’ best features. Everything from Premium is included here, as well as protection from tax penalties. You also get access to a personal HR advisor who can assist you with various needs. As with the previous two packages, you get a discount for the first three months of service, costing $62.50 a month. After this period, the price increases to $125 a month. On top of this monthly fee, you will need to factor in an additional $10 for every employee on your payroll.

Gusto

Formerly called ZenPayroll, Gusto started out as a platform that was designed to help small businesses manage their teams. If you have a growing team of employees, you should check out Gusto, as it can help you manage your payroll at an affordable price. It also incorporates 401(k) and includes many helpful tools to grow your business. If you have a relatively small business and you like to keep things simple, Gusto’s Core package will serve you well. For just $39 a month, plus $6 for each employee, you can easily manage your payroll at an affordable price. If you need a bit more flexibility in your payroll operations, the Complete package is likely a better fit. You get tools like time tracking and PTO requests for just $39 a month. You’ll need to factor in an additional $12 a month for each employee on your payroll. Lastly, there’s the Concierge package. You get all of the features included in the Complete package, as well as direct HR support. If your business is lacking an HR department or you have one, but it’s small, the Concierge is a beneficial solution. You will have Gusto’s professional HR assistance to rely on when instances arise that call for human resources. Concierge costs $149 a month, plus an additional $12 a month for each of your employees on your payroll.

Zenefits

Zenefits was initially an HR platform that now serves to sync payroll with the existing Zenefits HR platform. What this means for you is that you will have access to an all-in-one program that includes benefits, hourly tracking, paid time-off, and salary changes. Employers need only to provide an employee’s salary change one time. From there, Zenefits automatically syncs your data to payroll and any areas of the platform that it applies to. It’s worth noting that you will first be required to buy Zenefits’ HR software, after which the payroll feature is added. Although the payroll feature is still in its infancy, it is quickly becoming a favorite in the industry. You have three options to choose from when signing up for Zenefits, ranging from the monthly prices of just $10 to $27 per employee on your team. What’s more, if you sign up for Zenefits’ annual pricing, the monthly employee fee drops to between $8 and $21. There is also an additional fee of $6 a month for each employee, so you’ll need to factor that into your budgeting. With this growing payroll software, you can look forward to automatic payroll tax calculations, payroll deduction support, mobile payments, direct deposit, and the ability to pay your employees across several different payment structures. If you need an affordable payroll program to incorporate into your business, Zenefits is a commendable solution. And the fact that it continues to grow and improve gives employers all the more reason to get on board.

Summary

Payroll is definitely an area of your business that you don’t want to skimp on. It is imperative to the success of your company that you have reliable, capable, and accurate software managing your employee’s payroll. By investing in the right software, you can look forward to better morale, improved production, and peace of mind. The solutions we provided above will help your business operations by ensuring accuracy and ease-of-use. For more helpful tips and guides on improving your business, we encourage you to check out our collection of articles . As always, if you have any questions for our Seek Capital team , we invite you to reach out to us any time. We look forward to serving you and hope to hear from you soon! Sources https://squareup.com/us/en/payroll https://quickbooks.intuit.com/payroll/pricing/ https://gusto.com/