You've got to pay your employees somehow. And unless you like the company of IRS agents, cash under the table won't cut it.
We go over the pros, cons, and the price of each so you can choose a payroll solution that fits.
If you're run super familiar with payroll software, here's a quick rundown of what you can expect.
The leading payroll management solutions will allow you to:
QuickBooks Online Payroll is a young product that comes to us from finance giant Intuit. QuickBooks Online Payroll is a popular choice for small business owners. It comes in two levels: Full Service Payroll and Self-Service Payroll.
The major difference between the two is that Full Service includes same-day direct deposit and more support from Intuit accountants with things like creating paychecks and filing payroll tax forms.
QuickBooks Online Full Service Payroll costs $80 per month, plus an additional $4 per employee per month. QuickBooks Online Self-Service Payroll costs $35 per month, plus an additional $4 per employee per month.
Gusto is an award-winning cloud payroll solution popular among small business owners. It includes things like fast payroll processing and streamlined employee benefits administration to save you time. You can even register for things like workers compensation insurance through Gusto.
Gusto comes in three levels: Core, Complete, and Concierge. Core offers payroll solutions, Complete includes tools for human resources, and Concierge comes with all that plus live, high-level support.
Gusto Core costs $39 per month, plus an additional $6 per employee per month. Gusto Compete costs $39 per month, plus an additional $12 per employee per month. Gusto Concierge costs $149 per month, plus an additional $12 per employee per month.
Xero is an award-winning cloud-based online payroll provider that comes to us from New Zealand. Xero is more than just payroll, however. It's also well-known as a do-it-yourself accounting system.
Xero is a subscription service starting at $9 per month.
SurePayroll is a highly-customizable payroll solution. It was designed with small businesses and freelancers in mind. SurePayroll provides an experience that gives you the flexibility to run payroll your way.
SurePayroll costs $29.99 per month, plus an additional $4 per employee per month, making it one of the cheapest online payroll solutions.
PayCor's payroll system tends toward self-service, allowing employees the freedom to update their own information, such as their direct deposit account number.
—
If one of these solutions is standing out to you, check out the testimonials on TrustPilot or Capterra. What are the common complaints? How's the user experience? Does your chosen provider generally run accurate payroll? Will they meet your particular payroll needs? Every HR solution is a little bit different. Take your time to ask questions to make sure you're getting exactly what you need.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
We break down the ins and outs of a bookkeeper's role and why a good one is worth their weight in gold.
It's not just huge mega-corps that need a board of directors.
This guide provides a roadmap to help you navigate through the intricacies of legal structures for your business.