Top 9 Payroll Services for Small Business – A Comprehensive Review
Small businesses have a lot on their plate, from attracting new customers to generating revenue, providing excellent customer service, and maintaining their financials. However, one critical aspect of running a business that tends to get overlooked is payroll management. Although it may seem like a small task, payroll management is a time-consuming and complicated process that requires meticulous attention to detail.
Outsourcing payroll services is, therefore, a smart move for small business owners looking to streamline their processes and free up their schedule. There is no shortage of payroll service providers in the market, making it harder for small business owners to pick the right payroll service that suits their needs. In this article, we’ll review the top 9 payroll services for small businesses.
1. Gusto
Gusto is a popular payroll service provider that offers an all-in-one human resources, benefits, and payroll solution for small businesses. With Gusto, you can keep track of your employees’ time off, automate payroll tax filings, and integrate health and 401(k) plans. Gusto’s software is user-friendly, and its customer support is top-notch.
2. QuickBooks
QuickBooks is an accounting software that doubles up as a payroll service provider. It is ideal for small businesses looking for an all-in-one financial management solution. With QuickBooks, you can manage your finances, pay employees, and track inventory and sales. Its pricing is competitive, making it an ideal solution for small businesses.
3. Xero
Xero is another accounting software that features payroll management capabilities. Xero’s payroll system is easy to use and comes with features such as employee self-service, time tracking, and automated tax calculations. Xero integrates seamlessly with other business applications, such as CRM and inventory management tools, making it a comprehensive solution for small business owners.
4. ADP
ADP is a global payroll provider serving businesses of all sizes. ADP’s payroll solution includes features such as tax compliance, tax filing, employee self-service, and time and attendance tracking. ADP’s software is highly customizable, making it an ideal solution for small businesses with specialized payroll requirements.
5. OnPay
OnPay is a cloud-based payroll software that offers small businesses an affordable and easy-to-use payroll solution. OnPay’s payroll system features unlimited pay runs, automated tax filing, benefits management, and intuitive reporting. OnPay’s pricing is transparent, making it an ideal option for small businesses operating on a tight budget.
6. Paychex
Paychex is a well-established payroll and HR solutions provider, with over 45 years of experience serving small businesses. Paychex’s payroll system includes features such as tax compliance, time and attendance tracking, and employee self-service. Paychex’s pricing is competitive, making it an ideal solution for small businesses with basic payroll needs.
7. Sage
Sage is an accounting software provider that offers payroll management capabilities. Sage’s payroll system is highly customizable, making it an ideal solution for small businesses with complex payroll requirements. Sage’s software includes features such as direct deposit, benefits administration, and tax compliance.
8. Zenefits
Zenefits is an all-in-one HR management software that includes payroll management tools. Zenefits’ payroll system is easy to use and offers features such as employee self-service, automated tax filings, and direct deposits. Zenefits’ pricing is transparent, making it an ideal solution for small businesses that want to avoid complicated pricing structures.
9. Rippling
Rippling is an HR management software that offers payroll management capabilities. Rippling’s payroll system includes features such as automatic tax compliance, employee self-service, and intuitive reporting. Rippling’s software also integrates with other business applications, such as time tracking and benefits management tools, making it a comprehensive solution for small business owners.
Conclusion
Choosing the right payroll service provider can be a daunting task, but it is essential for small business owners looking to streamline their processes and free up their schedule. In this article, we reviewed the top 9 payroll services for small businesses, including Gusto, QuickBooks, Xero, ADP, OnPay, Paychex, Sage, Zenefits, and Rippling. Each of these payroll services has unique features that cater to different business needs, making it vital to do thorough research and pick the right payroll service that suits your business.