The Best Payroll Software That Small Businesses Actually Use in 2023

The Best Payroll Software For Small Business is budget-friendly, helps users calculate wages and deductions accurately, and automates the payment processing and filing of payroll tax. Most Small Business Payroll Software offers; unlimited payroll processing, direct deposits, and access to employee self-service portals and benefits.

We have compiled a list of Small Business Payroll Software that will streamline your company's payroll.

Here is our recommended list of Best Payroll Software

• QuickBooks Payroll.
• Paychex Flex.
• Gusto.

• QuickBooks Payroll is the Best Payroll Software for most QuickBooks accounting users. It seamlessly integrates, providing access within the same system with a few clicks.
• Features of QuickBooks Payroll
• Automate and unlimited payroll: With QBs Payroll, you can approve and run payroll for unlimited times automatically
• Automated payroll tax: It takes care of tax calculation, filings and payments, and year-end reporting. However, the tax filing services cover federal and state taxes only. For local tax filings service, you will have to subscribe to its Elite Plan.
• It also provides fast direct deposit, apart from the next-day direct deposit if you opt for the higher- tier of subscription.
• QuickBooks provides coverage for penalties and interest for any payroll tax year up to $25,000 in a year in its Elite plan.

Pricing: The QB's subscription starts at $45 and goes up to $125 per month, plus additional employee monthly charges depending on the plan you select.

Paychex Flex:

It is the Best Payroll Software for solopreneurs and companies looking for dedicated payroll support. It offers payroll, startup services, and an access retirement plan option ideal for one-person businesses.

Features:

• It offers flexible HR and payroll subscriptions ideal Payroll Software for any business type.
• It offers professional employer organization to manage your day-to-day HR processes.
• It provides multiple payment options. It supports employee payment via pay cards & paper checks, check logo, and signing services. You can process the payments the same day via Automated Clearing House if you get it select a plan.

Pricing: It offers a flex pricing plan starting from $39 per month plus additional employee monthly charges depending on the plan selected.

Gusto: is the Best Payroll Software For Small Business provides the same amenities large businesses offer.

Features:

• It allows you to set payroll to run on autopilot. It allows you to run payroll unlimited times, including bonuses and off-cycle payments, without any additional costs.
• It automatically withholds, pays, and files payroll tax at the federal, state, and local levels. It handles year-end reporting for free. 
• With gusto, you pay contractors across 90 plus countries including India, the UK, etc. It provides multiple payment options- manual checks, pay cards, or direct deposit.
• The Gusto Wallet, a free financial management app comes with time-tracking tools. You can customize PTO policies and send or approve time-off online requests.

Pricing: It offers a flex pricing plan starting from $40 per month plus additional employee monthly charges depending on the plan selected.

Apart from these, there are also other Small Business Payroll Software – Square, ADP run, Rippling and on pay, etc.

Small businesses require reliable Payroll Software that saves time and money. While choosing Payroll Software, companies should compare benefits, costs, and budget limitations.