The process of managing payroll is one of the most complicated aspects of accounting for small businesses, yet it’s also the most crucial. This is why almost every business with just a few employees uses online payroll software to ease the process. There is an abundance of small company payroll software options to pick from.
Therefore, I’ve compiled an index of the top payroll software for 2022.
What exactly is Online Payroll Software?
Payroll software for online is a form of program or software that automates employees’ payment to bank accounts and records the entire record. The majority of software can pay workers (W2 workers) and commissions on wages contractors, freelancers, and contractors that can become difficult when trying to do it manually.
The software will ensure that the right amount of tax is withheld and helps you avoid paying enormous penalties. Additionally, they can handle holiday hours and overtime calculations.
Many payroll programs work using international configurations for companies with workers from other countries. This allows you to ensure that you’re not in violation of the local or foreign laws regarding employment.
Also, payroll software can help you save a lot of time.
Best Online Payroll Software for Startup to Medium Businesses
Gusto
Gusto terms of small business needs, Gusto stands ahead of the other companies. It achieves this by offering complete payroll services that are user-friendly and has reasonable prices for small companies regardless of size.
It even provides an entire contractor program for companies that only employ these services.
One thing that sets this software ahead of the rest of the payroll programs is that it does not determine the taxes you should withhold from the government but file the taxes with your local government.
That’s right. State, local, and federal taxes can be taken care of in one go and then filed. In the end, your tax filing season has just become much more accessible.
Gusto is more than the essential payroll software. Gusto also comes with other tools like insurance to assist in obtaining protection for employees, HR tools, time tracking, onboarding and hiring tools, and much more.
It’s an excellent investment for companies of all sizes.
The benefits of Gusto
A majority of the process of paying your employees can be automated to ease the amount of work you have to do.
Freelancers and contractors are entirely provided with no additional cost.
The perspective from the employee’s point of view of things is wonderful.
Paychex
Paychex is among the most well-known names in payroll software. It excels in offering its services to small-sized businesses. The service includes access to their cloud-based payroll system, and some plans also contain HR software.
Therefore, Paychex is more than an online payroll service.
But, in my opinion, the most appealing feature of Paychex can be found in its mobile application. It’s not just the employee who has access to a modern mobile application but also employers. Payroll elements can be managed from anywhere using an intuitive app that is available for both Android and IOS.
It’s the ultimate payroll software for employers.
The second significant benefit of Paychex is that Paychex is its unique capabilities for reporting. It can produce more than 160 different types of reports that can assist you in analyzing your company. However, these aren’t comprehensive reports only available on the most expensive plans.
Advantages to Paychex
- Automatic payroll tax file
- Plans can be adapted to meet the demands of small-scale businesses, regardless of size.
- More than a simple payroll tool
OnPay
OnPay has improved its offerings and has been ranked as one of the best for small-sized companies. It is versatile, powerful, rapid, and its plans are affordable and simple for small-scale businesses of all sizes.
It’s also applicable to all 50 states.
One of the major changes that you may observe a pattern on this listing is an addition in HR-related software. The tools have been part of the software and are accessible to customers without cost. Some functions include automated PTO management charting orgs and many more valuable tools.
The online payroll software is also easy to use. The interface is simplified and broken down into eight simple sections, making it ideal for people who are just beginning. And should you require assistance, you can refer to their excellent FAQ you can take advantage of or reach their skilled support team.
The benefits of OnPay
- There is no limit on the number of employees.
- This tool will provide support for 1099 workers at no additional charge.
- Making benefits more accessible is easy
Square Payroll
In the case of many businesses that are just starting, hiring employees may be prohibitively expensive. Instead, you can choose to hire contractors or freelancers who employ a 1099 tax form. The Square Payroll is among the most effective options for small-sized businesses.
It’s because it’s the lowest price plan available to contract employees.
While traditional insurance plans charge fees for base charges, the contractor plan doesn’t. Instead, you pay per person. However, it offers plans for traditional employees, including contractors, so that there’s something for every person.
Other important options to be considered are the seamless connection with all the other Square product and service offerings, automated tax filing for annual and quarterly reports, support for mobile apps, and import of timecards to make the process easier, to name a few the options.
Advantages from Square Payroll
- Live support is available whenever is necessary
- There is no limit on the number of employees or contractors.
- Provide benefits to all employees
Intuit QuickBooks Payroll
Intuit is among the most well-known names in tax and small business assistance. Therefore, it shouldn’t be surprising that they’ve developed their payroll application, Intuit QuickBooks Payroll. Of course, you can anticipate fully integrating with other Intuit products.
If you’re already using QuickBooks and payroll, then Payroll Extension is a no-brainer.
It also offers clients comprehensive payroll software that can fully make the whole process easier following a specific setup. In addition, you can get up to $25,000 tax-related penalties protection…talk about peace of head. There are many more benefits to take advantage of.
One of the most appealing aspects of this online payroll program is the integration feature. No other payroll software comes even close to connecting payroll programs with accounting books. You can also integrate other HR services and easily upload tax returns to TurboTax, another part of the Intuit family.
Advantages to the Intuit QuickBooks Payroll
- The UI is easy to navigate, making it ideal for those who are just beginning
- Support is available to make sure the setup process is simple and quick
- Make use of the mobile app to view an instant overview of your account
SurePayroll
SurePayroll is yet another fantastic piece of software to manage payroll. It has been in use for more than 20 years. Through the years, it has improved its software and made it available to small-sized businesses.
The company is currently offering a two-month no-cost trial!
The most important highlights include calculating the 401k, workers compensation managing health insurance benefits, ensuring the screening process before employment, the ability to conduct payroll while on the move using the mobile app, and access to live assistance seven days a week.
The most distinctive feature of this tool is its concentration on the nanny.
Advantages of SurePayroll
- Installation is simple and quick.
- The process of making payroll could be automated
- HR options are readily available.
Zenefits
Zenefits is a simplified payroll application for small companies with one of the most attractive designs. It is also one of the most affordable choices in the event of a comprehensive payroll solution for just 10 dollars per month.
This is right that it will make it easier to save time, but it can also make you save lots of cash.
One of the main benefits of selecting Zenefits is that it works with numerous options. A few of them are Asana, G Suite, Salesforce, Slack, Zoom, Greenhouse, Intuit QuickBooks, and a myriad of other business-related tools. This means that it can be integrated into virtually any company.
There’s no shortage of options in regards to features that pay employees. Some of the more important ones are direct deposits and tips reporting, allowing employees to access their accounts after they leave the business, creating the tax liability report, and obviously, automatic tax filing on federal and state levels.
The Zenefits Benefits
- Supports contractor payments at no extra cost
- Check out the pay before approving them to ensure there are no errors
- Consider the cost of labor based on position
The Bottom Line
With all these options at your fingertips, decide on the best payroll software for your business
