At its core, it offers dynamic invoicing capabilities allowing businesses to generate bespoke online invoices tailored to their specific requirements. This adaptability extends to bank connections, integrating with over 9,600 financial institutions across the U.S. and Canada. This ensures that businesses have a singular view of their finances, with the ability to review, edit and reconcile records efficiently. Completing tasks within the platform was as simple as filling out simple forms and following instructions that walked me through how to complete tasks (like connecting my bank account). Reports offered instructions to help me interpret them and easy filtering options to customize them to my needs. Scaling businesses often face the challenge of expanding operations without escalating costs or complexities.

Types of Accounting Software

The payroll software helps businesses automate payroll processing and supports most functions, but lacks built-in timesheets and accounting integrations. After running payroll, there’s still heavy lifting to do, like analyzing labor costs and syncing data with accounting software. Does the service offer customizable reporting and seamless integration with QuickBooks or Xero? It’s important to note that the cost of accounting software can vary greatly, so it’s important to compare different systems and plans to find the best fit for your business.

Deep Accounting Ecosystem Integration

With a monthly base price of just $17 plus $4 per employee, Patriot Payroll’s self-service plan is one of the cheapest out there. If you want a few more features, you can add HR assistance starting at $6 a month and time and attendance integration at the same price. With self-service online payroll software starting at $19.99 a month and full-service software starting at $29.99 a month, SurePayroll is one of the most affordable payroll systems in our top 10. To avoid training and payroll buying costs and enjoy the benefits of software, we suggest you explore outsourcing payroll to an accounting outsourcing service provider. In the UK, you will be spoilt for choices thanks to numerous professional service providers in the market.

And SurePayroll lacks the expansive employee benefits, scalable plans, and HR perks you’ll get with Gusto or Paychex—another reason it works best for the smallest of small businesses. best payroll software for accountants It offers a set of advanced tools to manage payroll and local, state, and federal taxes. Companies can utilize their services and manage contractors’ payments, run unlimited payrolls, and manage payroll forms, including 1099 and 401k.

• The base price ($40) and per-employee price ($6) never change—but neither do the features.
• For example, it offers a document storage tool that allows you to drag and drop, upload or email documents to the platform, then sort and file them; however, you need to use a customizable filing system.
• FICA Tip Credit is awarded to employers when a server’s tips exceed the minimum wage requirements.
• If you employ a mix of 1099 workers and W-2 employees, Square Payroll’s base fee is a perfectly reasonable $35 a month.

Gusto – Best All‑in‑One Payroll with Benefits Integration

With the capability to store unlimited files and data capture verified by humans, accuracy and organization are prioritized. This means that self-employed professionals can focus more on their core business activities and spend less time on tedious tasks such as document and financial management. The software also offers tools for businesses requiring financial compliance such as GAAP, ASC 606 and SOX.

OnPay

To sign up, I first set up my account by filling out a simple form with my name, company name and contact information. OneUp offers several standout features, including extensive automations that extend across business functions, customized and automated invoicing, a comprehensive mobile app and extensive reporting. NetSuite’s accounting software is a good choice for businesses that need help with financial compliance and those that want to automate as many accounting tasks as possible.

All Tax Forms:

• You can earn up to $400 for referring clients to Gusto and also enjoy a 20% revenue share.
• Some payroll software solutions also allow instant messaging and media sharing.
• While this is higher than the payroll services of OnPay and Square, Remote can boost a business’s bottom line by enhancing the efficiency and effectiveness of its payroll and HR operations.
• If you aren’t using Wave’s accounting program, though, most of the other picks on this list will give you more payroll and HR features for less.

Many also offer free tutorials and support, so you can get help when you need it. Finally, there are many online resources, such as accounting forums and blogs, that can teach you how to use accounting software. However, unlike competitor software, the invoice creation feature didn’t automate sales tax calculations in my testing experience.

Wave stands out from our other picks by integrating payroll processing with its accounting software. This is especially helpful to businesses that want to offer their clients a simple and affordable solution that accommodates all the financial management needs of most startups and small businesses. FreeAgent is an accounting and payroll software solution designed for freelancers and small businesses. FreeAgent offers features like payslips and P60 generation, HMRC compliance, furlough calculator, RTI support, employment allowance and many more.

I didn’t have to spend time trying to figure out where features were because they were in intuitive places within my navigation process. In addition, call-to-action buttons helped me know what I needed to do to customize the platform to my needs, such as adding a bank account or filtering reports. The software even allows a breakdown of tracked time based on billable and non-billable activities within each project or job. From there, you can track job progress based on its income, expenses and profit margin, then easily turn timesheets into invoices.

Usability

Companies can also create work schedules to optimize work performance and reduce no-shows. Accountants can further bill through revenue sharing or a straight invoice. Set up of the software takes only a few minutes, and its integrations with other software, like Zoho Books, Xero, and QuickBooks, make it easy to get started.

FAQs on the best payroll software for accountants

OnPay’s Partner Program includes free firm payroll, free client setup and marketing resources. Its four partner levels are based on the number of clients and workers paid each month. Accountants with 50 or more clients get a 20% discount and co-branding. See how easy it is to manage payroll for your clients and grow your firm with our simple to use accountant dashboard. If you employ a mix of 1099 workers and W-2 employees, Square Payroll’s base fee is a perfectly reasonable $35 a month. And since Square Payroll includes multi-state payroll at no additional cost, it’s even cheaper than SurePayroll if you have two or three W-2 employees working in separate states.