Intuitive platform helps you complete payroll tasks & administrative tasks.
Payroll processing is one of the most tedious aspects of managing a business. Luckily, there are tons of payroll software available out there to hasten this cumbersome process, from time tracking and pay computation to direct deposits and tax filing. Thus, all you’ll need to do is choose one that can meet the needs of your company without breaking the bank.
To narrow down your choices, we have compiled the 20 best payroll software for small businesses. We also paid special attention to each platform’s usability, unique functionalities, as well as the inclusions in their subscription packages. This way, you’ll get a better idea of which one will give you the most bang for your buck.
Introducing Spine Payroll Intuitive platform helps you complete payroll tasks with ease, letting you focus more on your business and
not timely administrative tasks.
What Should You Look for in a Payroll Software?
As an entrepreneur, you know that you won’t always save more money by opting for the cheapest product. Moreover, the best software is not always the one with the most functionalities. The same rule applies to finding out what’s the best general HR software for you.
If you want to get the most when it comes to payroll software, you should choose a platform that can handle your unique processes and scale up to your changing needs. Here, we have listed down some of the best payroll system features to help you out:
Salary Calculation
Different types of salary calculation methods based on annual / Calendar/ 30 days/calendar
excluding weekly offs/ daily basis etc.

Executive Information System
Basic Employee Information, Qualification, Previous job experience, past emolument, document management.

Monthly Reconciliation
The whole process is very user-friendly; the user can select his own criteria to get the accurate result.

Payslip
Email Pay slips and IT Projection on one click.

Bank Statement
Bank Statement for direct salary transfer to an individual employee bank account.

T.D.S (Income Tax)
Generation of Form 16/16 AA, Form 12-BA, From 24Q eTDS, Form 27A and ITNS 281 challan of Income Tax.

Import Existing Data
Import All Past Records From Excel File.

Letter Writing
Provision to define multiple letter templates to ease communication with employees.

Charts
Get Customised Graphs on net salary, employee count/ department, branch basis, etc

F n F
Full & Final Settlement with the recovery of assets & revoking the charges of the employee.

Report Writer
Design Your Own Customized reports with powerful report writer tool.

Statutory Compliance
Calculating and generating PF, ESIC, PT, MLWF & Income Tax(TDs)

Web Based Module
Multi-user facility with superior access control or internet/intranet.
Lastly, if you are still not sure about which platform to pick, we highly recommend that you check out Gusto as it is one of the most comprehensive payroll platforms on the market. Thus, you not only get access to fully compliant payroll automation and tax calculation tools, but you also get core HR functionalities.
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