What Is the Best Payroll Software for Small Businesses? Read This Guide First

Managing finances with a payroll software

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Whether you have 5-10 employees or you’re trying to manage everything yourself, payroll is important. A lot of small business owners ask themselves, “what is the best payroll software”? You need to take into account your budget, time, and learning curve. 

In this guide, we break down three of the most useful payroll software for small businesses.

Best Small Business Payroll Software

These are the top three payroll software for small businesses that will make the process of doing payroll easier. 

  1. PayStubs365 – Best for Simplicity and Ease of Use 
  2. Remote – Best for International Payroll
  3. Knit – Best for Startups

PayStubs365

Pros: 

  • Accurate
  • Simple and easy to use
  • Multiple designs and formats for paystubs
  • Paystubs can be downloaded instantly after purchase

Cons: 

  • Limited features

Paystubs365 is a paystub online generator that creates professional paystubs for your employees. The process of creating the paystubs is simple. You just need to answer some questions regarding your employees, their pay, and how often they are paid. 

Once you input their hours worked and enter the pay period, the paystub is generated. It is simple to use and you can easily design the paystubs after choosing from a variety of designs.

Remote 

Pros: 

  • Affordable
  • No contracts
  • Ironclad intellectual property (IP) protection
  • Easy to navigate

Cons: 

  • Poor user experience
  • Pricing varies

Remote is a good payroll software to use when handling international payroll, taxes, benefits, and stock options. Remote is affordable, but the price varies depending on the country you are in. It costs $299 per employee per month, if you pay annually. If you choose to pay monthly, you will pay $349 per employee per month in the United States. 

Knit 

Pros: 

  • Easy to use
  • Payroll reports are easy to understand
  • Very affordable for basic plan
  • Great for startups

Cons: 

  • Cannot change dates
  • Limited customization

Knit is great for small businesses and will help independent business owners save a lot of time. This is a full-service payroll software that includes online paystubs, direct deposit, employee self onboarding, tax assistance, performance reviews, time tracking, and much more. 

Knit is extremely affordable, and costs $6 per user per month plus a $39 per month base price. It does offer a free trial as well. 

Important Factors When Choosing the Best Payroll Software 

These are important factors when choosing the best payroll software.

User-Friendliness – Choosing a payroll software with an easy-to-use dashboard will result in a shorter learning curve as well as less time spent training employees in charge of payroll processing.

Simplicity – A payroll software that is loaded with features is not always the best option for a small business. You should be able to get exactly what you need and nothing more. PayStubs365 is a great example of this with the option to choose between traditional and advanced pay stubs

Value – You want to get the most bang for your buck when choosing a payroll software. Ensure that the software is within your budget but also provides enough features to make it worthwhile. 

Final Thoughts

Ultimately, the goal of any payroll software is to put more time in your hands and create processes that make managing payroll faster, simpler, and more accurate. Generating pay stubs is one of the most tedious aspects of payroll processing. PayStubs365 makes this easy with simple templates and an easy-to-use app. Generate pay stubs today with our pay stub generator software

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How Do You Get Started?

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1. Select‌ ‌from one of our four templates.
2. Fill‌ ‌in‌ ‌the‌ ‌blanks‌ ‌with‌ ‌the‌ ‌information‌ ‌required.
3. Preview‌ ‌your‌ ‌pay‌ ‌stub,‌ ‌pay,‌ ‌and‌ ‌print.‌