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Small business owners are faced with many important decisions, and one of the most crucial is choosing the right payroll software for your company. Payroll processing can be time-consuming, complicated, and overwhelming. However, it is essential to ensure your employees are compensated accurately and on time. That’s why Edgewater CPA Group helps you explore the top five payroll software options for small businesses.
1. Gusto
Gusto is an affordable all-in-one payroll, benefits, and HR platform that offers plenty of features to work with. It’s top-rated, easy to use, and cost-effective for small businesses compared to other payroll software providers. This software can calculate and file payroll taxes, manage direct deposits, and automate employee onboarding, benefits, and compliance tasks. Additionally, Gusto’s price comes at a flat base rate plus a per-employee monthly charge, making it easier to budget for the software.
2. QuickBooks Payroll
QuickBooks Payroll is a well-known payroll management system that can be integrated with QuickBooks accounting software. It’s easy to use, and you can run unlimited payrolls and manage tax filings. Furthermore, QuickBooks Payroll is affordable, with a monthly base rate and an additional charge per employee. Additionally, QuickBooks Payroll can help you manage other financial aspects of your small business, such as billing, reporting, and budgeting.
3. ADP
ADP is a full-service payroll and HR management service that caters to small and medium-sized businesses. It offers a range of features, including payroll processing, time and attendance management, benefits administration, and tax management. Additionally, ADP also provides HR tools that allow employees to manage healthcare enrollment, generate performance reviews, and track hours worked. ADP’s pricing varies depending on the specific services you need, and it can be more expensive than other options.
4. Paychex
Paychex is another payroll software provider that has been around for decades. It is a comprehensive payroll and HR management system that offers services to small and large businesses. Paychex offers many features, such as payroll processing, time tracking, HR administration, benefits management, and tax compliance. Additionally, Paychex offers flexible pricing plans depending on the size of your business, making it more budget-friendly for smaller businesses. However, its pricing has many hidden fees, and it can be expensive compared to other providers.
5. Zenefits
Zenefits is an all-in-one HR management system that offers payroll processing, benefits administration, compliance management, performance management, and time tracking. This platform is also a cloud-based system with an easy-to-use interface and provides mobile access. Moreover, Zenefits can manage all aspects of HR through one platform, making it convenient for small businesses. Its pricing model is per employee per month, and it’s affordable for small businesses that want to manage payroll and HR in one place.
Find the Right Payroll System for Your Company
Choosing the right payroll software for your small business is a vital decision. If you can’t decide, let the team at Edgewater CPA Group in Carmel, IN, handle this for you. Our accountants handle everything for you, including payments, employees, taxes, and more. We’ll even handle your bookkeeping and controller duties, making it easy for you to focus on other areas of your business. So, book your consultation with our team today by dialing (317) 386-7021.