Best Payroll Software for Small Businesses of June 2024

Best Payroll Software for Small Businesses

Now that you’ve got a better idea of what kind of providers are available when it comes to payroll software, let’s take a deep dive on some of your options to help you make the right decision for your business. Unfortunately, internet reviews state that TriNet’s customer service has room for improvement. Since TriNet is a cloud-based solution, you don’t have to download or install it.

Best for Small Businesses With Hourly Workers

Best Payroll Software for Small Businesses

Gusto’s friendly design and full-service payroll system with HR features make it the best overall payroll software provider. Our partners cannot pay us to guarantee favorable reviews of their products or services. The benefits of payroll software are payroll accuracy, timeliness and compliance. Paycor offers plans for businesses of all sizes, but the software is best for medium and large businesses with more complex HR needs than smaller companies.

Top Payroll Software Providers for Small Businesses

If you don’t want to pay extra for these solutions, consider Square Payroll, and OnPay. If you only need payroll with an attendance module for capturing the clock ins/outs of employees, Homebase Payroll is a great option. It even has a scheduling tool—a feature that the other providers on our list don’t offer. Unlike many of the small business payroll software in this guide, OnPay only offers one plan. For $40 plus $6 per employee monthly, you are granted access to all of its HR, payroll, benefits, and onboarding features. 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.

  • Manual systems are basic and best used for companies with only a few employees.
  • I could click “resolve exceptions” to work out these issues before running payroll.
  • QuickBooks Payroll syncs with QuickBooks Online, one of the most popular accounting solutions in the world.
  • If you are planning to expand your workforce, carefully consider how your payroll service cost will change while you are growing.
  • Rippling is a great choice if you want an all-in-one HR payroll software.

Patriot Payroll: Best for affordable payroll tax management

You can find free options, such as Payroll4Free, but you won’t get the automation of a paid service. The lowest-priced plan starts at $45 per month, plus $5 per person per month. The Premium plan costs $75 per month, plus $8 per person per month, but it also expands its features to include HR support and a payroll setup review from an expert.

Manage and pay your team with confidence

While our main listing includes the top names in payroll software there are many other options to choose from. If you’re in business and have employees you’ll also need software to help handle HR requirements. There are payroll software packages that make this possible, all from within one interface. Others let you tackle numerous admin chores too, all within the confines of one bundle. This cloud-based package does need to be tailored to fit your business, which means there are no off-the-shelf pricing options available.

Best Payroll Software for Small Businesses

Rippling is best for small businesses that hire talent internationally and need an automated way to handle payroll runs, compliance and tax filings across the globe. It is also best for growing businesses that need automation tools to scale their payroll and compliance efforts as they grow. It offers an employee portal online and through the Paycor mobile app, so employees can access pay stubs, documents, time-off requests, performance evaluations and employee development all from their phones. Wave Payroll’s standout features include employee and contractor payroll tools, tax services, an employee self-service portal and invoicing tools.

Verdict – What Is the Best Payroll for Small Businesses?

  • Payroll reports are submitted to notify the government of tax liabilities.
  • Wave Payroll offers more limited features compared to bigger-name competitors but can be a more affordable option for some businesses.
  • Scoring an average rating of 4.5 out of 5 on G2 and Capterra (as of this writing), ADP Run received many positive reviews in which users praised its user-friendly solutions that make payroll easy to run.
  • But in the end, it allows you to run your payrolls so much faster than you could with a manual system.
  • Note that our buyer’s guides use a five-star scale that covers several criteria, such as essential pay processing functionalities, basic HR features (like onboarding), customer support options, and ease of use.

The more expensive plan provides full-service tax support and is only available in 14 states. Patriot Payroll integrates with other Patriot services, including time tracking, HR management, and accounting for an additional fee. The average cost of payroll software is about $30 per month for the base fee, and then around $4 to $8 per employee per month. Some of the most expensive plans start at $150 per month, plus $12 per person per month.

  • Sage HRMS, is a comprehensive, customizable HR software solution that includes payroll functionalities.
  • How your team uses an online payroll system will vary depending on the size of your team, the expertise of your employees and the system you use.
  • It even offers job postings, applicant tracking, PTO management, and new hire onboarding tools.
  • True to its name, one change in the payroll system creates an automated ripple effect, updating all aspects of payroll that are impacted.
  • Unlike QuickBooks Payroll and Gusto, which have limited health insurance coverage, Paychex Flex lets you offer health insurance in all states in the US.

Best for time tracking

Further, Gusto’s 4.4/5 overall star rating is the highest overall rating of any payroll software we’ve reviewed, earning it the coveted „overall best“ title. The software offers the best mix of features, functionality, and pricing for most small businesses. Any business employing workers, whether full-time, part-time, or by contract, should consider using payroll software. After all, submitting payroll taxes is required, so make it easier on yourself with payroll software. Automating payroll can save you time, prevent human error, and ensure everyone gets paid the right amount and on time. Depending on the size of your business, you may want to have a dedicated person running your payroll software.

However, as we’ve already noted, unlike providers like ADP and Paychex, Rippling lacks integrations with major HCM solutions like SAP and Oracle. Because of this, Rippling falls slightly short of our most scalable solution, ADP, even though it offers great tools scaling tools aside from HCM integrations. Unlike our runners-up Paychex and Zenefits, Rippling sends automatic alerts when you breach US federal and state labor laws, helping business owners stay compliant. Rippling also has strong data security protocols including role-based user accounts, which ensure that each employee only accesses data relevant to their role. The strategic model for recruiting, onboarding, training and managing an employee from their job application to severance is called human resource management.