If there are a number of independent contractors , finding a payroll provider that doesn’t charge an additional fee for this service would be worthwhile. BooksTime serves more than 100,000 small businesses and 4,500 accounting firms nationwide. Each year we process tens of billions of dollars of payroll and provide employee benefits—like health insurance and 401 accounts—while helping companies create incredible work places. The BooksTime Help Center is accessible directly from the payroll dashboard and includes a searchable knowledgebase as well as access to a variety of payroll related categories.
Chocolate and peanut butter may be good on their own, but they’re irresistible together. Connecting accounting and payroll means dead-simple reconciliation and consolidated journal entries—a delicious combination. Customize permissions for CARES Act account administrators, as well as for managers to access information for their direct reports. Can integrate with BooksTime Online and other BooksTime tools; requires a BooksTime Online subscription for additional software integrations.
How To Hire Your First Employee
It displays three types of information that apply to your specific situation. There’s a to-do list, which suggests that you might want to complete other areas of setup, such as approving time-off requests and inviting your accountant or other team members to access the site. Other reminders appear on the Dashboard, too, like the due date for your next payroll https://www.bookstime.com/ run. There are also recommendations for tasks your business should complete, like setting up a Workers’ Compensation policy. SurePayroll is better at this overview; its Dashboard is more customizable, interactive, and informative. Benefits administration is standard on all of the payroll websites we’ve reviewed, but some sites excel at this task.
That’s why BooksTime automatically withholds tax, files quarterly reports, and prepares W-2s and 1099s for your business. That means super smooth, stress-free filing for you and your team.
- And depending on whether you use the employee or admin version, you’ll have to do some maneuvering to see all the data on content-heavy screens like reports and pay stubs.
- Employee wages and paid taxes are automatically reflected in your financial reports for smarter business decisions.
- With People Advisory, accounting firms are enabled to confidently integrate revenue-driving advisory services related to people operations into their practice.
- That said, BooksTime is still in the running and can be helpful for your business.
- In addition, BooksTime offers other employee-benefit and related products through third parties, including 401K and workers’ compensation insurance.
We have gathered the other popular payroll providers to compare them with so you can make an informed decision. Though if you do run into trouble, trained professionals are always standing by to help out. However, other payroll solutions cater to more specific needs. Check out the rest of our picks in our guide to the top payroll solutions. It comes with plenty of tools that solve some of your greatest payroll pain points and helps you automate crucial repetitive tasks like filing state taxes. When you couple that with the fact that it’s extremely easy to use and comes with accessible employee tools, you really can’t go wrong with BooksTime.
Let Us Eliminate Your BooksTime And Accounting Technology Questions And Concerns
Is nothing without our human approach to the problems we are solving. BooksTime’s month-to-month capabilities and simulation allow you to test drive what you need and scale up or down according to your headcount or tax needs.
It facilitates payroll for U.S.-based employees, plus automatic tax filing and reporting, and optional benefits administration in a self-service platform for your employees. Its pricing structure is more complex than BooksTime, with more features considered add-ons that incur an extra fee. BooksTime is an online payroll and HR administration platform for startups and small businesses that takes the toughest parts of payroll processing and benefits administration off your hands. It facilitates payroll for employees and contractors, plus employee benefits like health, retirement and more. The platform even includes extras, like automated charitable donations and a wallet that helps employees have more control over how and when to use their money.
In addition, BooksTime offers other employee-benefit and related products through third parties, including 401K and workers’ compensation insurance. The ability of one login for us as accountants/payroll processors, and to have the dashboard where we have access to all of our clients without the need for multiple logins. The ability to parse out clients retained earnings for different logins is also key. Just need email alerts and the consolidated reports which spans all clients in one report is what’s needed, along with a mobile app. BooksTime offers full-service payroll, benefits and HR—all in one platform. This cloud-based software is a favorite among small business owners with top-rated customer service.
Listen To Our Interview With BooksTime Ceo Josh Reeves
BooksTime is a modern, online human resource platform that helps any small business owner take care of all hr tasks. Any business owner will feel like a pro no matter how complicated the situation. BooksTime provides any small business with payroll management and benefits management services.
I manage a non-profit as well as a business in BooksTime Online and was really struggling. After much frustration, my personal assistant finally connected me with Laura and I am SO grateful… The Redmond team transferred all my formerly Canadian account data to a US account and set everything up so I can just do the basic monthly maintenance… The level of service and professionalism is truly exceptional.
How Does BooksTime Payroll Work?
A FAQ page is available as are detailed instructions on payroll setup. BooksTime offers toll-free support during regular business hours, with both email and chat support options available as well. Accounting firms using BooksTime will also be assigned their own dedicated account representative at no additional cost. One of BooksTime’s most convenient features is the employee onboarding process, which is completed by the employee. The onboarding feature also allows employees, once signed up, to access payroll information, change personal information, and view paystubs. If processing payroll for multiple clients, each client can access their payroll data through an assigned portal, where they can enter employee time data and access payroll related reports and tax information. As mentioned above, BooksTime will sync with a plethora of different accounting programs while BooksTime Online Payroll was built to work exclusively with BooksTime.
- In addition, BooksTime also integrates with popular accounting software applications such as BooksTime, BooksTime Desktop, BooksTime Online, ZipBooks, Xero, Aplos, and Autobooks.
- BooksTime (legally ZenPayroll, Inc.) is a company that provides a cloud-based payroll, benefits, and human resource management software for businesses based in the United States.
- The average business spends 1–5 hours a month on payroll, and up to 40 hours on year-end tax prep.
- BooksTime has steadily improved over the years, adding new functionality recently in areas like hiring and onboarding, payroll run flexibility, and employee paycheck management.
- Payroll is automatically calculated based on your setup and can accommodate multiple pay rates, employee types, contractors, bonuses and more.
Ease of use, number of employees, and features that are useful to the businesses needs are important factors. BooksTime is generally not considered user-friendly by novices, but because BooksTime has been around for so long, there are a large number of accountants who are already familiar and comfortable with it.
BooksTime Vs BooksTime Human Resources Consulting
BooksTime’s monthly pricing is a turnoff for a lot of companies—and, if it seems like an unnecessary cost for you, it may be. BooksTime helps employees automate charitable giving by deducting donations directly from their paychecks and donating to a chosen charity. If you pay anyone by check, you have to manually print checks BooksTime generates. It doesn’t have an option to automatically print and mail physical paychecks. BooksTime offers benefits packages, and will help ensure you are compliant with COBRA requirements .
- You pay contractors separately, using a similar wizard-like tool.
- That’s why BooksTime automatically withholds tax, files quarterly reports, and prepares W-2s and 1099s for your business.
- Besides a regular payroll, you can initiate a bonus, off-cycle, dismissal, or corrected payroll run.
- All financial products, shopping products and services are presented without warranty.
As one would expect, there’s plenty of overlap far as features are concerned. Filing 1099s and W2s are possible through both, though only included with BooksTime; ADP charges extra.
“BooksTime allows our firm to focus on value-add services for our clients rather than painstakingly filling out payroll tax forms.” BooksTime is one of the most user-friendly programs we’ve ever seen, with rock solid performance and world class support. We chose it over its older and costlier competition and have never regretted it.
Now, break up with the payroll blues, take good care of your people, and let BooksTime handle the hard stuff. Your BooksTime team can help find the right benefits package for budget, size, and needs. Per pay period as opposed to BooksTime’s flat monthly charge which means you’ll pay more if you pay people more than once per month.
Simplified Business Taxes
Zoho provides fine-grained access control options for sharing reports and dashboards. Data from BooksTime Online is synced automatically (not in real-time, but periodically) with the Zoho Analytics apps.
If you run a large enough operation that you have full-time HR and accounting employees running payroll reports and filing tax forms, BooksTime’s services and cost would be redundant. Turn on the time tracking app in BooksTime to let employees and contractors track their hours right on the platform. As such, payroll and benefits service BooksTime is stepping in with a new program for accountants.
Each organization also provides updates that keep their clients legally compliant. And, of course, both offer human resource advice, by phone or online.
Author: Laine Proctor