There is a lot of waste in any business that can be cut. One of the easiest ways to trim down on expenses is to have an accurate timesheet and payroll system to avoid too much overlapping.
Even when everybody is being paid correctly and there are no errors, there are still many ways to make sure that your business is not wasting money on payroll. When employees are not being paid correctly, then this can cost you a lot of money in the long run.
Not only because you will owe back pay but also because when employees are not getting paid correctly it can kill morale. And that leads to a loss in productivity which affects your bottom line.
The answer is to use the best payroll software to be able to handle the job. In this article, I will go over several of the best apps and software to take care of your business payroll.
1 – Clicktime
Clicktime is a time tracking software that does so much more. As a time tracking app, your employees can log their hours accurately and get peace of mind that their time is being paid.
For an employer, it is a game changer as it not only makes sure that employees are paid accurately, but it gives a lot of insight into how your business is doing.
Looking at the data, you can see how your employees are performing. Are they doing repetitive work that is slowing down productivity? You can see it at a glance.
You’ll be able to see if you need to hire a new employee but taking a look at available hours per week for work that needs to get done. And you’ll also be able to forecast when you need to add more work hours for scheduling purposes or cut back according to when you anticipate a downturn in business.
Being able to see that kind of data can improve your business decision making and allow you to save a lot of time and money in the long term. In the short term, you’ll have happy employees that are paid for the work they’ve done.
2 – Gusto
Gusto is an app that can automate much of your HR processes in addition to handling your employee payroll.
For instance, it will automatically send any new hire documents to your state government. It will also automate local, state and federal tax and unemployment filing so you don’t have to get bogged down in those processes.
Those are just a few of the features you get with the basic plan. If you upgrade then it can also handle paid time off requests and even integrate their PTO payments directly without having to do any extra paperwork. This not only saves time and makes life easier for your employee, but it also keeps them happy as they don’t have to worry about getting paid for their PTO.
The user experience is also very intuitive and the interface is easy to use even for those not technically inclined.
3 – ADP
ADP is one of the best known names for payroll services. Now they have software to use that is much more advanced than ever.
Their software is making life easy on small businesses that don’t have the resources for an HR department. With the software they are able to smoothly onboard new hires by having much of the paperwork done automatically. Plus, health care compliance forms are done easily if you have to offer health insurance for your employees.
Wage garnishment is also automatic so you don’t need a person that has to train to do this and make sure everything is working smoothly. In fact, it can even run background checks on potential new employees to avoid making a wrong hire.
If your business is bigger than a small business but smaller than a medium enterprise, it can be a very good choice.
4 – OnPay
Not all businesses are created equal. What works for payroll and accounting for a restaurant is much different than an office or agency. This is why OnPay is so good. It can be tailored to the type of business you are running.
It offers many of the same features that other accounting software does like time tracking and employee onboarding. Yet, it also gives some extras for employees using the app like giving multiple payment options like direct deposit or a check.
With the employee self service portal, much of the work that an HR department would need to do is available at the touch of a button for employees.