AccountingSoftware4U.com provide best payroll solutions for accounting firms. Our payroll software solutions are designed to meet your business requirements and give you peace of mind. We also provide payroll services for accounting firms near nigeria, payroll for accounting firms near lagos, payroll software for multiple clients, pay solutions for accounting firms near uk, accounting software for small firms near ahmedabad ,accounting software for salons
Block Financial’s payroll software product has been designed specifically for accounting firms in Nigeria. It will pay the salaries of your staff and your clients’ staff. This is done via a client-based installation means that you are able to pay salaries of multiple clients without the confusion/administrative burden of collecting information/documentation from each client.
OnPay
If you currently use Xero or QuickBooks Online, OnPay offers terrific integration with both applications, with integration with FreshBooks expected shortly.
One of the biggest benefits of using OnPay is that access to various HR resources is included in the monthly fee, an option not offered by any of the other payroll applications.
OnPay lets you set up tax rates for as many states as needed. Source: OnPay software.
OnPay offers payroll in all 50 states at no additional cost, with free direct deposit included, and includes complete tax processing from the initial report to filing and tax remittance.
You can also print and distribute year-end tax forms such as W-2s for your employees or have OnPay print and mail them for a small fee. OnPay will also help you migrate payroll data from another application at no charge.
OnPay offers one plan with all features included for $36/month, with a $4 charge for each employee.
Patriot Payroll
If you use or plan to use Patriot Accounting, why not couple it with Patriot Payroll? Patriot Payroll offers two plans, Basic and Full Service. You’ll want to choose the latter in order to reap the benefits garnered by using both applications.
Patriot Payroll offers free product setup, as well as free product support. In addition, the application handles all filing and depositing of federal, state, and local payroll taxes, and processes year-end employee tax forms such as W-2s and 1099s.
Patriot Payroll offers an easily navigated interface for managing both accounting and payroll. Source: Patriot Payroll software.
Patriot Payroll’s Full Service plan currently runs $30/month + a $4 charge per employee.
Best for smaller businesses with a limited number of employees to pay, Patriot Payroll used with Patriot Accounting will definitely save accountants a significant amount of time.
QuickBooks Payroll for Accountants: Best Overall Payroll Software for Accountants
Overall Score: 4.69 OUT OF 5
What We Like
- Unlimited pay runs
- Fast direct deposits with next- and same-day options
- Robust tax penalty protection
- Discounted payroll plans for clients plus free payroll software access for accounting firms (requires signing up for its free QuickBooks Online Accountant tool)
- Must use QuickBooks for accounting
- Basic HR features only
- Tax penalty protection is available only in the Elite plan
QuickBooks Payroll for Accountants Pricing
- Software fees: Three plans (Core, Premium, and Elite) with monthly base fees of $45–$125 plus $4–$10 per employee, per month
- Accountant perks: Free access to QuickBooks Payroll Elite if you get QuickBooks Online Accountant; its ProAdvisor discount program deducts 30% from the monthly software base fees and 15% from the per-employee fees—but your firm will be billed
- Client discounts: Its Direct Discount option offers 30% off the monthly software base fees and 15% off the per-employee fees for your clients’ first 12 months of service—but your clients will be billed
Read QuickBooks Payroll ReviewVisit QuickBooks Payroll for Accountants
If you use QuickBooks for your clients, then we highly recommend QuickBooks Payroll for Accountants. It lets you set client permissions, guarantees tax accuracy, and includes 24/7 support—plus, its accounting and payroll modules sync seamlessly with each other. And, if you sign up for its free QuickBooks Online Accountant solution, you can easily access your clients’ QuickBooks accounts to check their books, edit transactions, and address issues. It even comes with free access to QuickBooks Payroll Elite (which you can use to pay your employees), discount pricing for your clients, and a partner ProAdvisor program with preferential rates for both you and your customers.
Scoring 4.69 out of 5 in our evaluation, QuickBooks Payroll for Accountants earned high marks (4 and above) in nearly all of our criteria given its solid accounting and payroll tools, ease of use, robust reporting, and transparent pricing. Users also appreciate its efficient payroll tools as it helps simplify employee pay processing. However, its limited HR tools prevented it from getting a perfect rating because, unlike ADP and Paychex, QuickBooks doesn’t have a suite of HR solutions for managing the entire employee lifecycle.
QuickBooks Payroll for Accountants Pricing
With QuickBooks Payroll for Accountants, your clients can choose from three QuickBooks Payroll plans (Core, Premium, and Elite) with monthly fees that start at $45 plus $4 per employee. The differences between these plans include access to time tracking, workers’ comp administration, one-on-one HR support, and a tax penalty guarantee. For your new clients, discounts are available but only for the first three months.
Accountants who are part of QuickBooks’ ProAdvisor program can also choose to pay the monthly fees on behalf of their clients. This allows them to enjoy an ongoing ProAdvisor discount. They can also pass the discount to new clients through a Direct Discount option, but this is only for the first 12 months, plus QuickBooks will send the billings directly to the clients.
| QuickBooks Payroll Plans | Regular Pricing | Client Discount* | ProAdvisor Discount for Accountants | Direct Discount for Clients |
|---|---|---|---|---|
| Core | $45 per month + $4 per employee monthly | $22.50 per month + $4 per employee monthly | $31.50 per month + $3.40 per employee | $31.50 per month + $3.40 per employee monthly |
| Premium | $75 per month + $8 per employee monthly | $37.50 per month + $8 per employee monthly | $52.50 per month + $6.80 per employee monthly | $52.50 per month + $6.80 per employee monthly |
| Elite | $125 per month + $8 per employee monthly | $62.50 per month + $8 per employee monthly | $87.50 per month + $8.50 per employee monthly | $87.50 per month + $8.50 per employee monthly |
*Your new clients get 50% off the software base fee for the first three months. Note that the discounted rates may change, so check QuickBooks Payroll’s website from time to time to view the latest promotions on offer.
QuickBooks Payroll for Accountants Features
- Payroll: Setting up QuickBooks Payroll is very easy, and you can pay contractors, hourly workers, and salaried employees with just a few clicks. It comes with automatic and unlimited pay runs, and salary payouts can be done through paychecks and via next-day and same-day direct deposits. Its mobile app (for iOS and Android devices)—which is our top-recommended payroll app for small businesses—lets you process payroll and even e-file taxes while on the go. While the other providers on this list (except Gusto, Rippling, OnPay, and Patriot Payroll) have mobile apps, it doesn’t offer electronic tax filings.
- Tax filing services: Apart from year-end tax report prep and delivery, federal and state tax filings are included in QuickBooks Payroll’s tax services. However, if you require local tax filings, you need to get either its Premium or Elite tier. Elite subscribers also get a tax penalty guarantee where QuickBooks will cover all penalties (up to $25,000 per year) in case of tax filing errors—regardless of who made a mistake. The other payroll software for accountants in this guide may offer a similar coverage but only for tax filing mistakes that their representatives will make.
- Accountant-specific tools: Access to client management solutions and the free QuickBooks Online Accountant tool, including the seamless integration between QuickBooks products, make managing both client payroll and bookkeeping easy for accountants. Its partner program that includes ProAdvisor and client discounts also offers resources to help improve your skills and grow your accounting business.
- HR features: Employee onboarding, paid-time-off (PTO) monitoring, and time tracking with QuickBooks Time (formerly TSheets) are just some of the HR features that QuickBooks Payroll offers. While it provides an HR adviser and HR support center via its third-party partner (Mineral) to help keep you compliant, these services are unavailable to accountants who are calling on behalf of their clients.
- Employee benefits: In addition to pay-as-you-go workers’ compensation (via AP Intego), you are granted access to 401(k) plans and health insurance that is available in all US states. This is unlike Gusto’s health benefits that only cover 39 states.
QuickBooks Payroll for Accountants Drawbacks
- Local tax filings included in higher tiers: You have to convince your clients to sign up for at least a Premium plan if they want full payroll tax filing services (federal, state, and local). While you get preferential pricing under the ProAdvisor program, QuickBooks Payroll for Accountants’ discounted Premium plan ($52.50 per month plus $6.80 per employee monthly) is still pricier than Patriot Payroll—which offers full-service payroll and automated tax filings for only $30 per month plus $4 per employee monthly.
- Basic HR features: QuickBooks Payroll is ideal for small businesses that only need simple HR tools. If your clients’ HR needs begin to grow and they require additional solutions like hiring and learning management, QuickBooks won’t be a good fit. You may want to consider ADP, Paychex, and Rippling since all three offer a wide range of HR solutions. And while these providers might not have an in-house accounting system as QuickBooks does, their platforms can integrate with several third-party accounting software.
Xero
Xero is one of the market leaders when it comes to financial collaboration apps. This system is designed to meet the requirements of small businesses regardless of the type of business or industry.
Xero has been often been recognized by accountants as the “handiest asset for managing financial activities.” But even for non-accountant users, they will find Xero easy to manage, as it transforms some of the most standardized and complex financial concepts into simplified functions, making its usability one of the software’s many strong points. So far, nearly half a million business and sole accountants have taken advantage of Xero’s enterprise-grade features that can manage invoicing, inventory, bills payment, bank reconciliation, cash flow, expense claims, POs, time tracking, and payroll, among others. It supports financial reporting, online payment, multi-currency, business performance dashboard, sales tax calculation, and more.
What is unique about Xero?
- Payroll performer. Important functionalities are bundled in the Settings tab where you enter corporate information and adjust financial settings. One of those tabs is the Accounts menu, where you can find and alter checks, bank accounts, and expense claims and create records for your payroll needs. Currently, Xero processes and runs payrolls, and automatically adjusts taxes for more than 20 states.
- Security-focused. Transactions in Xero utilize multiple-approval model and two-factor authentication to minimize financial fraud. For every transaction, there will be a detailed list of performed actions, including dates, users, and manual notes. In sales, the method makes it possible to control purchase orders, and categorize invoices as drafted, awaiting approval, awaiting payment, or delayed.
- It provides an overview of your finances. The app provides feedback on your company’s financial operations through its reporting feature which can summarize the effects of all your activities, by simply filling the filters you’d like to see included. You can make basic reports or advanced ones based on your parameters.
- Robust record keeper. Xero allows you to create and keep detailed possession records to use automatically in your transactions. All of these records are robust and contain details such as tax status, purchase costs, committed quotes, and relevant descriptions.
Conclusion
Payroll for Accounting firms is a simple, yet powerful accounting software for small-sized and developing businesses in Nigeria. Providing basic payroll functions such as recording appraisal, payroll, HR and time attendance data, this solution is tailor made for people involved in accounting. Moreover, it is web based so you can access your data from anywhere via mobile phones.