Payroll can be the bane of business bookkeeping. Corporations have the choice of outsourcing these chores, but traditional payroll services usually are too expensive for small businesses.
PayCycle, an online service that automates pay calculations and deductions and prepares paychecks and government forms, could be a reasonably priced alternative.
All you need to access PayCycle's payroll service is an Internet connection and a Web browser, such as Internet Explorer. All data, including employee records, is maintained on PayCycle's server, which uses secure-mode 128-bit SSL, the same level of security used for most online banking. Net pay can be electronically deposited directly into employee bank accounts, or you can print out your own checks.
I looked at PayCycle Plus ($40 per month), which contains all the features of the company's Basic service but adds preparation of state tax deposits and filings. For as little as $20 a month, PayCycle's Basic service handles payroll details, including preparation of W-2 and 940/941 tax forms, for up to five employees. Coverage for more than five employees is $1 per additional person per month, whatever your pay schedule.
You can make common adjustments prior to each payroll run and track vacation time and sick allowance. Paycheck data may be exported to several small-business bookkeeping applications: Microsoft Excel or Money, Quicken, QuickBooks, and QuickBooks Online Edition. Other pluses: PayCycle keeps track of to-dos and upcoming deadlines, and can e-mail you reminders.
Cost-effective service makes payroll tasks easy.
List: $40 per month for up to five employees; Basic, $20 per month
Current price (if available)
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