12 Best Payroll Software for Bookkeepers in 2023

best bookkeeping and payroll software for small business

The plan lacks true double-entry accounting, has no general ledger and lacks free accountant access, which makes it unsuitable for all but the smallest of businesses. SliQ Invoicing is a simple yet powerful invoicing program for small businesses. It lets business owners create invoices, payment reminders, and record payments. SliQ Invoicing also helps handle invoices for multiple businesses with one admin panel. It enables business owners to quote, invoice, and take payments for free.

  • Gusto + FreshBooks makes this easy—Gusto helps you deduct payroll taxes, while FreshBooks automatically imports payroll as an expense on your books.
  • Higher plans with features such as expense tracking, analytics, and inventory management are also available.
  • It’s designed for companies with fewer than 50 employees, but is a good fit if you expect to grow beyond that because you could upgrade to ADP Workforce now or ADP’s enterprise platform.
  • Because Wave Accounting, Wave Payroll’s sister product, is a completely free accounting solution.
  • ChargeBee has a free plan, offering essential invoicing and subscription management features.

At exactly no cost, Wave Accounting lets businesses invoice an unlimited number of customers, add an unlimited number of users and manage an unlimited number of businesses. Its Paychex Solo package includes payroll, startup/incorporation services, and access to retirement plan options, making it a suitable solution for one-person businesses. It also offers Paychex Flex as its main payroll platform, which comes with several tiers flexible enough to cater to companies of different sizes. A dedicated specialist is even on hand to help you with your payroll concerns. Unlike QuickBooks Payroll and Gusto, which have limited health insurance coverage, Paychex Flex lets you offer health insurance in all states in the US.

Top Invoicing Software Solutions

If you or your staff only access software on-site, you can sometimes save money by purchasing a desktop solution. Cloud-based accounting software is accessed over the internet, so users can access it without sitting at one specific computer terminal. With most cloud-based software, you can access it using a computer or a mobile app almost anywhere in the world. Software installed directly on your computer that can only be accessed using that one computer is considered a desktop solution. If you’re considering desktop accounting software for your small business, keep in mind that it may lack some of the features that cloud-based solutions make possible.

  • You can stay on top of your spending by seeing the amount that is left after the bills are paid and make precise money decisions with their custom budgets.
  • You’ve likely thoroughly researched how to start a small business and the steps you need to take if you want to find success.
  • It can handle the bookkeeping needs of startups, SMBs, and enterprises.
  • If you’re looking to save money, Patriot Software’s $17 self-service plan might be the best payroll solution for you.
  • The vendor will provide you with a custom subscription price after assessing the unique requirements of your company.

Bookkeepers will also appreciate how the software did not use technical terminologies. In this list, we evaluated different payroll solutions based on their ability to address the issues above and their capability driven by the trends we cited. Our best payroll solutions here are expected to delight bookkeepers looking to lend to their payroll more efficiency and accuracy. Maintaining a sound bookkeeping practice is essential in keeping a business confidently afloat. The growth and stability of businesses quietly rest on the backs of bookkeepers and they need all the help they can get.

Roll by ADP

To determine the best accounting software, we meticulously evaluated numerous providers across specific categories. Each software was scored based on its performance in these areas, and these scores were calculated to determine the product’s total score, with a potential bookkeeping and payroll services maximum of five stars. By employing this methodology, we were able to objectively analyze competitors based on their merits in these vital categories. You must have an estimate in mind that you are willing to pay monthly or annually to meet your payroll needs.

best bookkeeping and payroll software for small business

You’ll also find a guide to walk you through choosing the right accounting solution based on your business needs and budget. Payroll can involve time-consuming tasks such as entering employee hours and hourly rates, calculating withholding taxes, and complying with federal, state, and local tax legislation. The best payroll software for small businesses automates these tasks and allows you to send timely payments to workers. Payroll software can also reduce human error when calculating and processing wages and safeguard sensitive information like employees’ Social Security numbers. The easiest way to run payroll for your small business is to invest in a full-service payroll solution.