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The 8 Best Payroll Software of 2022

best payroll solutions for small businesses

Rather than removing direct deposit for the low-priced plan, Gusto increases the convenience of direct deposit the more expensive your plan. For example, direct deposit takes up to four days to clear for the lowest plan, but the high-tier plans get next-day direct deposit. Wave Payroll helps you set up direct deposits and lets you know if one of your payments failed. Oyster also allows administrators to add and manage benefit plans.

Payroll4Free lets you pay both employees and contractors, and processes all year-end forms such as W-2s and 1099s. In addition, they offer an employee portal, a nice feature for any payroll service, and particularly nice for a free service. 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. OnPay offers a single plan, with pricing for the plan currently running $36/month, plus a $4 per employee fee.

Best Learning Management Systems (LMS) for Employee Training in 2022

We believe everyone should be able to make financial decisions with confidence. A reliable web-based option that is both powerful and easy to use. Paycor has a robust self-service portal where employees can confirm their information and check their compensation. If you’d like your taxes automated or you’re a household business, we recommend SurePayroll. The downside to SurePayroll is that the company does not offer transparent pricing. We recommend the best products through an independent review process, and advertisers do not influence our picks. Elisabeth Christopherson is an accounting professional, fact-checker, and researcher who brings years of experience to her fact-checking role at The Balance.

best payroll solutions for small businesses

They offer a ton of functionality and flexibility, so you can create the ideal payroll and HR setup for your small business. Kim Behnke is an HR Tool Expert & Writer for People Managing People. She draws on her 9 years of human resources experience and her keen eye for systematic processes to support her analyses of the top HR tools on the market. She is passionate about maximizing efficiencies and streamlining workflows to ensure internal systems run smoothly. Kim’s HR experience includes recruitment, onboarding, performance management, training and development, policy development and enforcement, and HR analytics. She also has degrees in psychology, writing, publishing, and technical communication.

Homebase Payroll Features

Their software provides a detailed breakdown of payroll costs, allowing companies to track where their money is being spent. It is easy-to-use, with a user-friendly interface and helpful support documentation. Many payroll solutions also include tax payment and filing services. Others even provide access to basic HR tools like time and PTO tracking, allowing to capture employee attendance data for pay processing easily. If you have a limited budget, OnPay provides a reasonably priced payroll solution that comes with basic HR tools for managing PTO, employee benefits, and onboarding.

  • Benefits administration (401s available in all 50 states; health benefits are available in 37 states and Washington, D.C.).
  • None of the providers in this list offer this, except for Square Payroll.
  • Though Zenefits is the best low-cost payroll software on our list, they do offer solid solutions to fit most small to midsize businesses .
  • Ultimately, payroll software offers several benefits that can be extremely helpful for small businesses.
  • Scoring an average rating of 4.55 out of 5 on G2 and Capterra , ADP Run received many positive reviews in which users praised its user-friendly solutions that make payroll easy to run.

Its higher tiers even come with extra HR support and handholding that you don’t get with your typical small business payroll software like Square Payroll. ADP also makes it easy to transition from one plan to the next if your company scales and you need additional HR tools. For standard payroll services, which include automatic pay calculations and tax filing services , you should expect to pay anywhere from $40 to $60 per employee monthly.

What is unique about comprehensive payroll companies?

Payroll software that enables you to simplify your payroll with automation and an employee self-service portal. ADP Payroll integrates with multiple enterprise resource planning solutions, including FinancialForce, Sage, and Workday. Payroll services for small businesses help owners, especially those who are first-time employers, focus on what’s important – growing their business. The application also completes all required tax forms, but does not handle filing or tax remittance. The Self-Service plan runs $19.99/month plus a $4 per employee fee, while the Full-Service plan is $29.99/month, plus a $5 per employee fee. Small business owners have to wear many hats, and often don’t have the time or desire to learn a complicated software application. Compensation may impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced by compensation.