Payroll solutions for small businesses
If you own a business that has several employees, then you are likely aware of how time-consuming payroll can be. Depending on the number of employees in your company, payroll calculations can take up many hours per month. This time could be better spent running and growing your business. Many small business owners find themselves calculating salaries and tax deductions instead of creating new products, exploring new markets and improving customer services.
However, there are various payroll solutions available to small business owners that can make the payroll process easier and less time-consuming than before. Take a look at the payroll solutions below and choose one that best meets your business's payroll requirements.
- Outsourcing
Many small business owners have no accounting experience and prefer to hand over payroll to professional accounting firms. These firms offer payroll services that provide business owners with an accurate and reliable payroll solution. Because payroll service providers employ qualified accountants, business owners can rest assured that their employees receive their salaries on time and that the correct taxes are being paid.
Professional accounting firms also offer business owners excellent customer support. Should a business owner or employee have any questions regarding payroll, it is easy to contact the payroll service provider to get an answer.
While outsourcing is an excellent payroll solution, it is an expensive option. Many start-ups and small businesses do not have extensive funds and cannot afford to pay an external company to do their payroll.
- Online payroll solutions
Internet payroll services are offered by online companies that provide a range of payroll services to their customers. Small business owners submit their employees' work information online and the service calculates salaries and tax deductions for you.
Online services are generally quite flexible, allowing business owners to be as involved as they want to be. Business owners who take a hands-on approach to their finances may want to choose the minimum number of services. On the other hand, business owners who don’t want to be involved can simply hand over the entire payroll process.
A stable Internet connection is a requirement for this type of payroll solution. If your company does not use an Internet connection, it can be difficult to arrange online payroll solutions.
Moreover, since online payroll solutions require business owners to transmit information online, there is the possibility that information could be intercepted by third parties.
- Payroll software
Payroll solutions such as QuickBooks' payroll software offer small business owners a cost-effective and safe way to pay their employees. The software is designed specifically to meet the needs of small-to-medium businesses and provides business owners with the tools to pay their employees accurately.
Business owners require little accounting knowledge and once employees’ salary information is inputted into the system, it is easy to monitor the payroll.
Moreover, QuickBooks’ payroll software can be integrated into other QuickBooks’ accounting programs. This makes it easier for small business owners to get an overview of their business’s financial health.
Choose QuickBooks' payroll solutions
QuickBooks' payroll software offers small and medium business owners a cost-effective solution for paying employees. Peruse our selection of payroll software to find the package that best meets the needs of your business.
QuickBooks SimpleStart - for new and home based business
The simplest way to manage and track money going in and out of your business.
QuickBooks Pro - manage your business accounts simply and easily
Manage your business accounts simply and easily.
QuickBooks Premier - fast and easy advanced accounting
Fast and easy advanced accounting.
Quick Payroll is designed to meet the fast growing needs of dynamic South African SMEs.
It simply manages all aspects regarding payroll, including payroll calculations, leave registers, report writing, tax year-end, and more. Quick Payroll interfaces seamlessly with QuickBooks accounting software, which means your general ledger journals will automatically update.
Our solution automatically provides new tax law or statutory upgrades as they arise, keeping you on the payroll cutting edge. What is more, our Quick Payroll is so flexible; it can be used in any industry sector, injecting value into your company, employee and client relations across the board.
Quick Payroll Lite is designed to meet the fast growing needs of dynamic South African SMEs. It simply manages all aspects regarding payroll, including payroll calculations, leave registers, report writing, tax year-end, and more. Quick Payroll Lite interfaces seamlessly with QuickBooks accounting software, which means your general ledger journals will automatically update.
Our solution automatically provides new tax law or statutory upgrades as they arise, keeping you on the payroll cutting edge. What is more, our Quick Payroll Lite is so flexible; it can be used in any industry sector, injecting value into your company, employee and client relations across the board.
Quick Payroll Startup is designed to meet the fast growing needs of dynamic South African SMEs. It simply manages all aspects regarding payroll, including payroll calculations, leave registers, report writing, tax year-end, and more. Quick Payroll Startup interfaces seamlessly with QuickBooks accounting software, which means your general ledger journals will automatically update.
Our solution automatically provides new tax law or statutory upgrades as they arise, keeping you on the payroll cutting edge. What is more, our Quick Payroll Startup is so flexible; it can be used in any industry sector, injecting value into your company, employee and client relations across the board.
