Let’s walk through finding the right payroll provider for your small business, starting with features and ending with what to look for in a provider.
Must-Have Payroll Features
There are a lot of payroll options available for small businesses. However, knowing what to look for can be challenging, and it can be tempting to choose based on price alone. Instead, look for the following full-service payroll features to ensure your solution works for your small business and avoids false starts.
- Integrated time tracking that eliminates manual entry
- Direct deposit offers convenience for employees and HR
- Compensation management keeps your organization agile while preserving your bottom line
- Customizable payroll reports provide real-time insights into critical metrics
- Automated tax filing, built-in tax tables, and W-2 generation streamline compliance
- Self-service empowers employees to access and update data
- Expense management makes tracking receipts and reimbursements easier for you and your employees
It’s important to find all-inclusive payroll software for small businesses. Otherwise, you can incur additional costs when your HR and payroll solution is spread across multiple systems. Keep it simple and in one system.
Additionally, an all-inclusive payroll system is primed to grow with you, offering a full range of capabilities that can evolve with your organization. If you’re not ready for compensation management today, it will be there tomorrow.
What to Look For in a Payroll Partner
Because your needs are unique, you need a provider that seamlessly fits your organization’s operations. Keep the following in mind as you vet potential payroll companies.
- Find a small business payroll provider known for customer service. When you have questions, you should know who to call and trust you’ll get an answer. Look for a payroll vendor that will provide a dedicated support team so you know you’re getting the answers you need quickly.
- Look for a vendor that offers concierge service and customizable support during the onboarding period. Onboarding needs to happen in the background while your business continues to function.