06 Sep Which accounting apps are best for payroll?
As a small business, we’re sure you’ve got a lot on your plate when it comes to finances. While it’s always best to invest in a reliable accountant, there are some areas that may be more suited to accounting software. One such area is payroll. The right app will manage employee details, calculate how much you need to pay in tax to the HRMC, and many other similar responsibilities. With this in mind, let’s take a look at three of our favourite payroll software options for small businesses.
BrightPay is one of the only payroll software apps that features a desktop version of the cloud as an add-on to your software. This means that backups are automatic – saving you from having to remember to manually update your process. The app can help you to enter client payroll information, calculate annual leave (and approve it) and organise any cash flow which is moving in and out of your business.
With an employee self-portal, it benefits your entire workforce too, as they’re able to input various factors related to their pay. BrightPay is also an app that works well with others. Its payroll journal is easy to integrate with wider accounting applications and makes for a seamless transition.
This payroll software is HMRC-approved, giving you peace of mind that it’s of a high standard. It’s easy to use and has the option of being able to factor PAYE and National Insurance charges straight into your payroll output. It also saves you masses of time thanks to its ability to automatically generate payslips for your employees, saving them as PDF versions so that they’re easily accessible for finalising. It will even help you to draft P60s at the year-end!
If there’s any payroll software that you’ve heard of before, it’s likely to be Xero – and for good reason too! Whilst keeping you in line with government legislation, the app makes emailing employee payslips, making big bulk payments and entering pay runs quick and straightforward.
For more information on the best payroll apps for small businesses, don’t hesitate to contact SQK Accountancy.