Best Small Business Accounting And Payroll Software
As a small business owner, managing finances can be a daunting task. However, with the right tools, accounting and payroll can be streamlined and efficient. Here, we will explore the best small business accounting and payroll software options available to help you manage your finances with ease.
Accounting Software
Cloud-Based Software
Cloud-based accounting software, like QuickBooks Online and Xero, offer real-time financial information and automatic updates, making accounting easier. They also offer features like invoicing, bill payments, and expense tracking, all in one place.
Desktop Software
If you prefer to keep your financial information on your computer, desktop accounting software, like QuickBooks Desktop and Sage 50, may be the right choice for you. They offer more robust features than cloud-based software, allowing for more customization and control.
Accounting Software for Mac Users
For Mac users, options like QuickBooks for Mac and Xero for Mac offer the same cloud-based features as their PC counterparts, but with a Mac-friendly interface.
Mobile Accounting Apps
If you’re always on-the-go, mobile accounting apps, like QuickBooks Self-Employed and FreshBooks, allow you to manage your finances from your phone or tablet.
Free Options
For small businesses on a tight budget, free accounting software, like Wave and ZipBooks, offer basic accounting features for no cost.
Payroll Software
ADP
ADP offers a variety of payroll solutions for small businesses, including processing payroll, managing taxes, and handling employee benefits. They also offer HR solutions, like onboarding and compliance.
Gusto
Gusto offers payroll processing, tax filing, and benefits management, along with HR features like onboarding and compliance. They also offer a user-friendly interface and excellent customer support.
Patriot Software
Patriot Software offers payroll processing, tax filing, and HR solutions for small businesses. They offer a simple, affordable pricing plan and excellent customer service.
OnPay
OnPay offers payroll processing, tax filing, and HR solutions. They also offer a user-friendly interface and excellent customer service. Their pricing is based on a per-employee, per-month basis, making it a cost-effective option for small businesses.
Zenefits
Zenefits offers payroll processing, tax filing, and HR solutions, along with features like time tracking and onboarding. They offer a cloud-based platform, making it easy to access and manage your payroll from anywhere.
FAQ
What is the difference between cloud-based and desktop accounting software?
Cloud-based accounting software is accessed through the internet and offers real-time updates and automatic backups. Desktop accounting software is installed on your computer and may offer more customization options, but requires manual backups and updates.
What should I look for in a payroll software?
When choosing a payroll software, look for features like payroll processing, tax filing, and benefits management. Also, consider the user interface, customer support, and pricing.
What is the best free accounting software for small businesses?
Wave and ZipBooks offer basic accounting features for no cost, making them great options for small businesses on a tight budget.
Can I manage payroll from my phone?
Yes, some payroll software, like Gusto and OnPay, offer mobile apps for managing payroll from your phone or tablet.
What is HR software?
HR software offers features like onboarding, compliance, and benefits management, in addition to payroll processing and tax filing.
Is payroll software required for small businesses?
No, payroll software is not required for small businesses, but it can make managing payroll and taxes much easier and more efficient.
What is the pricing structure for payroll software?
Pricing for payroll software varies based on the software and the number of employees you have. Some software offers a flat monthly fee, while others charge per employee, per month.
What is the best payroll software for small businesses?
The best payroll software for small businesses will depend on your specific needs and budget. ADP, Gusto, Patriot Software, OnPay, and Zenefits are all great options to consider.
Pros
Using accounting and payroll software can save time, reduce errors, and improve financial management for small businesses. Many options offer customizable features, cloud-based accessibility, and excellent customer support.
Tips
- Consider your specific business needs when choosing accounting and payroll software
- Take advantage of free trials and demos before committing to a software
- Stay up-to-date on tax laws and regulations to ensure compliance
- Keep track of employee hours and overtime to avoid errors in payroll
- Utilize customer support for any questions or issues with the software
Summary
Choosing the best small business accounting and payroll software can make managing finances more efficient and less stressful. Cloud-based software, desktop software, mobile apps, and free options are all available for accounting. ADP, Gusto, Patriot Software, OnPay, and Zenefits are great options for payroll software. Consider your specific needs and budget, and take advantage of free trials and excellent customer support to find the best option for your small business.
