Best Payroll Software For Your Small Business In 2024

best payroll solutions for small businesses

It also plays a vital role in building and maintaining employee satisfaction and trust. Full-service setup, payroll, and tax filing online, plus, additional HR options. With FreshBook’s full-service payroll software, processing payroll takes 4 days, at which time your employees will get their paycheck deposited by direct deposit. Payroll Mate is designed for businesses with less than 75 employees, and is also a good option for accountants that process payroll for their clients. A good choice for small businesses with multiple locations, Payroll Mate also supports multiple pay frequencies, unlimited payroll runs, and multistate payroll. Offering easy system navigation, Gusto includes new-hire reporting, flexible payroll schedules, unlimited payroll runs, contractor payments, and multistate payroll capability.

  • Gusto’s friendly design and full-service payroll system with HR features make it the best overall payroll software provider.
  • In this criterion, we assess whether the software’s ease of use, pricing, and the width and depth of its payroll and HR tools are ideal for SMBs.
  • Note, however, that you have to purchase its core workforce management platform before getting any of its modules.
  • If you have more than 10 employees, you’ll need to request a quote from Paycor.
  • Get payroll done in minutes with unlimited runs, automated tax calculations and filings, all seamlessly integrated within FreshBooks.

Gusto is the best overall payroll software provider for small businesses

Wave Payroll earns four out of five stars on Capterra with 61 reviews and 4.1 out of five stars on G2 with 31 user ratings. Users like that the software is extremely easy to use and set up, is affordable and has free features such as invoicing. Wave doesn’t offer benefits administration, a major drawback, but its recent purchases of companies across the financial sector and its 2019 acquisition by H&R Block promise more capabilities and features to come.

Combined Payroll and Benefits Administration

In a time when other businesses put their own interests first, we are taking a different approach. The combination of our deep industry expertise and our top-of-the-line technology, means we have what it takes to help your business grow. Users explain that the customer service team wasn’t always able to help with specific concerns or basic questions.

Best for Novice Payroll Managers

You must also create thorough records for each employee, with details such as contact information, date of birth, Social Security number, salary or hourly pay rate, and number of allowances from form W-4. The use of this website means that you accept the confidentiality regulations and the conditions of service. A paycheck is an electronic deposit or a physical bank check with the amount of money you’ve been paid. A pay stub outlines all the calculations and deductions needed to arrive at the correct take-home pay.

  • Simple forms and digital signing tools allow employees to complete documents and reviews in a fully digital format, even on a small screen.
  • The application also includes employee onboarding, complete tax reporting and remittance.
  • Most PEO providers, such as ADP TotalSource, Rippling PEO, and Paychex PEO, will require you to contact their sales team to request a quote.
  • Netspend, a Global Payments company, is a registered agent of Republic Bank & Trust Company.
  • You can also check our buyer’s guides where we compare many of these providers side by side.

Receive In-Platform Support

Each contract is different, but most require a 12-month commitment and are paid upfront. There is no termination fee, but there are no refunds for canceled contracts. We chose ADP because it’s a great program for small businesses that are looking for a single solution to help manage payroll and HR.

best payroll solutions for small businesses

Because Wave Accounting, Wave Payroll’s sister product, is a completely free accounting solution. So if you have four employees and want both HR and time and attendance tracking, you’ll add $28 to your monthly base price. In other words, the add-ons up Patriot’s price by quite a bit without adding as many features as Gusto, which includes more features than Patriot in its base pricing. If your business is based in the US and you want to pay employees in Canada and Indonesia, Rippling should be one of your top picks. Because Rippling the only payroll system on our list that offers international payroll processing. QuickBooks Payroll’s interface has next to no learning curve, and its well-reviewed employer-facing mobile app makes on-the-go payroll easier.

OnPay: Best for Delegating Payroll Duties & Niche Payroll Needs

Unlike Square Payroll and QuickBooks Payroll, it doesn’t have a low-cost contractor-only payroll plan. Multilocation business owners might find Gusto a bit pricey because they’ll have to upgrade to at least its Plus plan to unlock Gusto’s multiple state pay runs. In addition to its efficient payroll and HR tools, we like that it has transparent pricing.

OnPay: Best affordable payroll software

best payroll solutions for small businesses

In our evaluation, Square Payroll earned an overall rating of 4.51 out of 5, with high marks in nearly all of our criteria. It took a hit in popularity because it didn’t meet our sub criteria of having more than 1,000 average user reviews on G2 and Capterra. However, many of its reviews are positive, with users raving over its ease of use, affordability, and payroll tools that simplify the way they pay workers. Square Payroll’s contractor-only plan skips the typical monthly base fee.

Reviewers like its user-friendly tools that streamline pay processing, from calculating payroll to filing taxes and remitting payments to workers. However, some users said its customer service quality is less than ideal, adding that its support team can be difficult to reach at times. Many online payroll services include features that help you administer benefits in the same platform, as well as integrations for accounting software. Many offer workers the option to get a payment card, so they can receive money before payday and use the card directly to make purchases.

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