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HR Trends 2020: Best Payroll Software to Use Depending on Your Business Size

Finding the right payroll software is essential for any business with employees. It’s not only a matter of ensuring your employees’ taxes are filed correctly and on time but also about giving them peace of mind by letting them know where their money is going and providing reliable HR support whenever necessary.  

This 2020, we rounded up our top three best payroll software for each business size category. Whether you’re a small, medium, or large business owner, we have a digital solution to match your enterprise.

Developed by Intuit, QuickBooks is an accounting software package that allows businesses to invoice customers, pay bills, generate reports, and more. This US-based payroll software is trusted by millions of businesses worldwide.

Features/Packages: QuickBooks offers three packages: Core, Premium, and Elite. The Core package promises a simple solution for reliable, automated payroll with a $45 base price and a $4 per employee per month rate. The Elite plan offers automated payroll backed by their guarantee 1 with certified HR support and can be enjoyed at $125 base price and a $10 per employee per month rate.

Pros:

Pricing: QuickBooks offers a 30-day free trial and doesn’t lock clients into an annual contract. They bill monthly and allow clients to cancel anytime.

SEE ALSO: Tech Trends 2020: Top New Technology Trends That Will Drive Businesses Forward in 2020

Initially launched as ZenPayroll in 2012, Gusto is an all-in-one platform that offers full-service payroll with added benefits, like workers’ compensation, 401(k) retirement, and 529 college savings. The US-based company currently serves more than 100,000 businesses nationwide.

Packages: Gusto offers three plans: Core, Complete, and Concierge. The Core plan offers an easy-to-use payroll for smaller teams with a base price of $39 per month and $6 per-person rate The Complete package has payroll, time tracking, and other tools for busy, growing businesses with the same base price and $12 per-person rate. The Concierge plan offers payroll and certified HR support to protect your business and team.

Pros:

Cons:

Pricing: Gusto offers a one-month free trial for new clients and doesn’t require a contract. They bill monthly and allow clients to cancel anytime.

Sage is a British company that provides simple accounting, finance, payroll, payment, and banking solutions for small to medium enterprises. This UK-based company supports more than three million entrepreneurs across 23 countries worldwide.

Features/Packages: Sage offers four bundles, and clients get all features with every package. The features of their payroll software include a 4-step pay run, single-click RTI submissions, workplace pensions, and 24/7 phone and email support, among others.     

Pros:

Cons:

Pricing: Sage offers a 30-day free trial for new clients. No credit card required. Cancel anytime.

Here’s a summary of our best payroll software 2020: choose QuickBooks if you are a large business and want a mobile-optimized software; Gusto if you prefer an easy-to-use interface for your small business, and Sage if you are UK-based and fancy quick-calculating software.

RELATED LINK: HR Tech 2020: Top HR Tech Trends to Implement in Your Business This 2020 (Link to follow)

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