What is the Best Payroll Software for Small Businesses? 5 Great Options
Are you trying to learn about the best payroll software for small businesses? If yes, you should check out these options by clicking here.
Payroll is necessary to do, but it’s incredibly time-consuming. You can make the time go by quickly by using payroll software. Payroll software will also help you minimize errors.
Payroll mistakes, such as underreporting, can cost a business in fines. The average IRS fine is $845.
As you start looking at your options, you’ll see that there are plenty of options out there to help you with your payroll.
Which ones are the best payroll software for small businesses? Keep reading to find out.
QuickBooks is by far the leader in the accounting and payroll software industry. QuickBooks is the most popular accounting software for many small businesses.
It only makes sense that small businesses choose to use the payroll add-on. QuickBooks has a few different plans for its payroll solution.
Wave is free accounting software that small businesses and self-employed people use because it’s free. It also offers a lot of features that you would normally pay for.
The company makes its money from processing fees if you choose to accept payments online and into your accounting software.
Wave also offers a payroll solution that is affordable and user friendly. It starts at $20 a month plus $6 per month for each user. In 14 states, there is a slight cost difference, but that’s because Wave will file payroll taxes for you automatically.
#3. The PayStubs
What do you do if you’re just looking for a simple solution without the bells and whistles?
The paystub generator is exactly that. You can create paystubs, complete with withholding information in a few minutes.
ADP is another popular payroll software that’s used by small and mid-sized businesses. The pricing of ADP is hard to gauge because you have to get a quote that’s tailored to your business needs.
If you do sign up for ADP, you will find that it’s easy to use, with an intuitive interface. It is a very large, robust program that offers small businesses everything they could possibly need.
Since it offers so much, there is a learning curve to ADP.
Gusto is another payroll solution that offers a lot. It’s a full-service suite that’s affordable at $39 a month plus $6 per month per user. There’s also a smaller plan if you just hire contractors.
You can try a demo of Gusto to see if it’s a good fit for your business.
The Best Payroll Software for Small Businesses
When it comes to choosing the best payroll software for small businesses, you have a wealth of choices. Choosing the best one does depend on your needs.
If you’re looking for a simple solution that will help you keep great records, then go with a pay stub creator.
No matter what you choose, you do need to make sure that you make backups of everything. You need to make sure you keep records in case your books come into question.
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