Human error is a big reason why many companies choose to use payroll software. Most software will automatically calculate deductions for withholdings, such as taxes, insurance, and retirement contributions.
Square PayrollFirst up, let’s get our teeth into the primary features of these three payroll powerhouses. All three of these solutions offer the fundamental payroll core service. However, their capabilities differ in some of their add-on offerings and extended capabilities.
Square is mainly a solid core payroll service that will allow you to set up—and even automate—all of your employee’s salaries, as well as administer employee benefits, manage hourly and salaried employees, and track sick leave and time off.
Gusto PayrollGusto payroll is very similar to Square Payroll in that it is cloud-based and offers a full feature core payroll process. (It also happens to be my payroll software of choice, and I find it works really well with QuickBooks.)
Its core payroll functions of salaries, benefits, and payroll taxes are just as good as both Square Payroll and Gusto payroll.
The basic plan gives you access to over 15 report types, as well as new-hire reporting. The interface allows for exporting to other applications such as QuickBooks, Xero, and Wave.