Cheapest Payroll Services for Small Business

Cheap Payroll Services for Small Business – If you run a small business, you understand the importance of staying on budget and controlling expenses. While there is never enough money to go around, it’s imperative that business owners and managers stay focused and create the most efficient spending habits possible.

There is no doubt about it; payroll is one of the most critical parts of running a business. It should not be left to chance and create your own solution. If you want to ensure that your company runs smoothly and that your employees get paid every week, then outsourcing payroll services will help save you time and money. Anyone can save money by outsourcing payroll services; it does not matter what type of business you have as long as there are workers getting paid to do certain jobs, then this {service} should be considered.

Payroll is one of the most laborious and expensive procedures that a business has to go through. Fortunately, there are some cheap and efficient options available to make the ordeal easy and uncomplicated for you and your staff.

SurePayroll

Among the simpler and more straightforward online payroll systems, SurePayroll is the go-to choice for small businesses that don’t need lots of bells and whistles. What SurePayroll lacks in advanced features, though, it more than makes up for with a user-friendly dashboard from which business owners can access core modules for payroll runs and reporting, pay stub management, and time tracking. SurePayroll also integrates easily with popular software like Xero and QuickBooks, which augments its relatively sparse set of core features and consolidates payroll and accounting calculations for businesses. SurePayroll makes itself a competitive option in its price range, currently, $29/mo and $4 per person, although this pricing can be difficult to find as SurePayroll doesn’t publish its prices online.

SurePayroll gets the job done when it comes to straightforward processing with full tax support, and at its current price, this online payroll software ranks among the least expensive options available. Where SurePayroll truly shines, and which contributes to its average Capterra review of 4.2 (based on 200+ reviews) and Trustradius review of 8.2/10, is its dedication to security, which we discuss in more detail in our SurePayroll review. User reviews cite SurePayroll’s dedication to data security which is evident in penetration testing and annual audits, in addition to more standard security measures like double-encryption of data and virus and malware detection. Additional praise points to SurePayroll’s helpful customer service which makes it doubly simple to run payroll and pay payroll taxes on time. The pros and cons of SurePayroll include:

Pros

Impressive data security protection methods and standards
Easily navigable user dashboard with essential payroll processing features
Strong tax support for small businesses

Cons

Non-transparent pricing
A relatively limited set of features without software integrations

Patriot Payroll

Patriot Payroll’s solid range of features aims to streamline payroll for small and growing businesses. Business owners can calculate multiple employee pay rates, track employee hours worked (as well as sick and leave days), and offer their employees direct deposit payments that don’t come at an extra cost. QuickBooks/Patriot Payroll and Workforce.com/Patriot Payroll integrations further enhance payroll processing with expense sorting by tax categories and advanced scheduling, time, and attendance. For quickly growing small businesses, Patriot Payroll’s fast onboarding and handling of payroll setup and employee data entry are perfect for busy business owners.

Patriot Payroll is an affordable option for small businesses looking for online payroll services. It starts at $10/mo with a per-person fee of $4 through its ‘Basic’ plan. Patriot Payroll’s ‘Full Service’ plan starts at $30/mo to include options for tax filing and depositing while maintaining the same per-employee rate. However, even at its highest plan, the software lacks some typically standard features such as benefits administration, time-keeping, and extra filing options for 1099 employees (this is only the case at the ‘Basic’ level, though). Overall, Patriot Payroll is highly praised on Capterra with an average rating of 4.8 (based on 2,600 reviews) by small businesses hungry to scale their operations with a price-conscious and cheap payroll service. The pros and cons of Patriot Payroll include:

Pros

Two payroll plans offer flexibility for rapidly growing businesses
Integrations with popular software augment feature set
Fast onboarding and new employee data entry process

Cons

Limited features with ‘Basic’ service plan
Poor scalability for large businesses

Workful

Workful is one of the newest online payroll services on the market, but it’s already building a reputation for itself because of its excellent customer service, which is why it’s our top customer service option. The geolocation time-clock tracking is simple to set up, and it ensures that employees clock in and leave from the locations you specify.

Also, employees can also submit expenses through the app to be paid during the next paycheck cycle.

Workful is a cheap payroll service for Small businesses and a simple-to-use program, although it comes with some limitations. It doesn’t, for example, do your taxes for you automatically.

HR.my

HR.my is a crowdfunded free multilingual HR software. The company collaborates with those who want to translate the program into other languages. It includes basic payroll and HR tools that you may use for free (such as employee information management, time tracking, and expense claims).

Paychex

Best for: All-inclusive, scalable payroll and HR solution with top customer support

Although Paychex includes payroll services for any business, their small business product—Paychex Flex—is definitely worth considering.

If you have one to 49 employees, it’s a great solution for payroll and taxes, business insurance, 401(k)s, and HR management. Paychex is a cloud-based, mobile-friendly service that comes with a high-quality support team, available 24/7, to help you out with any complex questions or issues.

Pricing: quote-based pricing

Pros:

Full-service payroll solution with 160+ reports and analytics, new hire reporting and labor compliance tools, and online employee self-service
Very scalable, designed to grow with your business
24/7 U.S. based customer service and a dedicated payroll specialist for your account

Cons:

Quote-based pricing makes it difficult to compare costs upfront
Breadth of features make it less user-friendly than competitors

Paylocity

Best for: Larger businesses with a wide range of payroll and HR needs

Paylocity is all about efficiency and data. They will take care of payroll and compliance for you, and they offer an array of reports to help you understand your company’s payroll better. Plus, if you want additional features, Paylocity also has online integrations with retirement providers, wellness plans, and point-of-sale systems.