Welcome back! We hope you’ve been enjoying our series on technology for your small business. We know that as your business grows, sometimes it’s hard to keep up. We built our inventory management software for small business with time-savings in mind. The solutions that worked when you were just starting out may not be able to handle a business of your current size. We hope that your business continues to grow, and we want to help you stay prepared. Today, we’re going to talk about payroll solutions for your small business - growing or not.
When you had just a few employees you could manage the payroll without much help. Maybe you had a ledger book where you recorded transactions, perhaps you had a database that you used to track employee compensation. As your business grows things tend to become a bit more complicated. Suddenly basic records just don’t cover all your bases. Fortunately, there are a number of software solutions that can help you manage these tasks with ease. Many of these solutions we used ourselves. And we even tried to make our inventory management software for small business as easy and seamless to use as these very mature payroll systems.
A few to consider include QuickBooks, Sage50 (formerly Peachtree), ADP, and Wave. Again, these aren’t all the options out there, or even necessarily the best ones for your business, but we hope by providing an overview of these three we’ll have given you a great start on the path to choosing the payroll solution for your small business. As with any technology decision remember to ask yourself the key questions: Does this solution meet all of my needs? Can I afford it? How difficult is it to set up and learn how to use? What kind of customer support is provided? When you find the software that correctly answers each of these questions, you’ll know that you’ve found the solution for you.
QuickBooks by Intuit is a robust accounting/payroll solution that allows you to easily manage invoicing, payments, expenses, payroll, and even bookkeeping for tax time. QuickBooks syncs across devices and keeps your data protected. The solution is designed to grow with your business. You can add features as you need them, as opposed to paying for functionality that you aren’t going to use. QuickBooks offers a free trial, after that is available at three pricing levels.
Sage50 is a comprehensive accounting solution with available add-on payroll components. Organize your finances, get paid, pay bills, control cash flow and costs all in one solution. Need more functionality? Sage50 Premium and Quantum versions offer more. Add Sage50 Payroll and you’ll be able to pay employees and file taxes. Stay current with payroll tax tables and updates, keep up to speed with changing tax laws, calculate deductions, electronically file W2s, prepare paychecks or direct deposits. Sage50 does it all. Try Sage50 for free, purchase price is based on the number of users and the expanded functionality that your business requires.
Another solution for small businesses is Wave. Fast online set-up, free online support, and a host of tools. W2s, W3s, wage and tax reports, vacation tracking, employee self-service portal, mobile device compatibility, direct deposit, check printing and more. Wave payroll integrates with Wave accounting solutions to allow you to do more. Wave accounting is touted as “real accounting, for non-accountants.” Wave accounting is free, the payroll add-on is priced based on the number of employees you have.
As you can see, whatever your budget, there is a payroll/accounting solution that will work for you. Unless you are an accountant, you shouldn’t be spending all your time crunching numbers. Put technology to work for you, let the software handle the numbers game and get back to doing what you do best, running your company.
When the numbers tell you that you need to focus on your inventory turn to Stockpile. Our free, easy to use inventory management solution is good math. Stockpile, inventory management software for small business, will change the way that you think about inventory. It is so easy to track inventory, move items across locations and more that you’ll wonder how you ever got by without it. Try Stockpile today!
