In any business, it is quite important that the payroll process is done right – regardless of their organizational size or the number of people they employ. However, many business owners and bookkeepers spend a crazy length of time on managing payroll and tax compliance.
The major tasks included in any payroll process are computing deductions and employee benefits, producing pay slips, calculating and filing employment taxes, complying with regulatory requirements, processing or depositing payment directly to employee’s bank account, voiding payments if need be, producing reports, and even printing checks.
With the key purpose to simplify and automate the process of paying a company’s employees, a wide number of payroll software are developed. We have rounded up some of the best payroll software solutions that let you focus on other aspects of running your business:
Xero
Contemporarily, more than 180 countries are using this exquisite cloud-based software:
- Bestows a clear view of the business’s financial position by performing a range of functions including invoicing, inventory management, bank reconciliation, expense management and payment of bills, project tracking multi-currency capability, & much more.
- Let you easily track working hours and approve leave with controlled access for employees by providing a range of tools.
- Provides two-factor authentication along with entire details of the transaction such as dates, users, actions performed and notes to minimize the fraud.
- Manage all the tasks you have to do to automatically updating your accounts to keep track of all your Payroll and business finances in one.
- Serve ease to employees regarding viewing their payslips, submitting their timesheets and applying for leave by offering an exclusive Xero Me mobile app for both iOS and Android user.
QuickBooks
QuickBooks is a renown accounting software package developed and marketed by Intuit. It is the most popular online payroll software solution, especially among the small and medium-sized businesses.
- The key feature of this intuitive software is that it is a mobile-friendly payroll application that effectually works across smartphones, tablets, and computers.
- It keeps everything organized in one place – making your financial organization easy.
- This robust accounting software makes sure your staff are properly and accurately compensated.
With powerful invoicing and custom reminders, it keeps full track of what you earn and where your business stands. - Connect your bank account to automatically import and categorize transactions.
- Ability to interface with outside programs to sync data automatically.
Gusto
Gusto, previously known as ZenPayroll, is the most user-friendly solution out on the market right now.
It provides new hire onboarding and reports them automatically to the government.
- With its employee self-onboarding, it gives your employees access to their information, paystubs, and W-2s.
Known as a modern HR solution to help you manage your team without all the paperwork, emails and spreadsheets. - One of the major reason behind its popularity is its automatic tax payments – which simplifies the management and administration of all the basic payroll and tax compliance.
- Along with superb user-experience, it has many convenient features such as benefits management, automatic payroll runs, and top-rated customer service.
To speed up the payroll process and ensure accuracy, we, at Flawless Figures use these advanced powerful cashflow software. We look after the whole process from start to finish including sending payslips to employees, checking timesheets, commissions, payroll tax, superannuation & much more to help you grow your business. So no more worries about the errors, or legal mistakes – just opt for our services and have your entire focus on growing your business – saving valuable time and money.
