Pricing, Features, Pros and Cons

Sq. is a supplier of payroll software program for companies to handle their worker payroll processes. It’s particularly favored by small to medium-sized corporations who need automated options to take the stress out of their payroll-related operations. It may well streamline and simplify duties like precisely calculating payroll taxes, producing payroll reviews and processing worker wages.

SEE: How a lot does Gusto price, and the way does it work? Discover out in an in depth payroll software program evaluate.

Sq. payroll is an environment friendly service for managing worker payroll, however it’s considered one of many payroll processing software program options obtainable for companies in the marketplace. Learn on to be taught extra about this resolution’s distinctive options, professionals and cons, so you may decide whether or not it’s best to undertake Sq. software program for what you are promoting or think about considered one of its opponents as an alternative.

Sq.’s quick information

Pricing: Begins at $5/particular person for the Pay Contractors Solely plan, or $35/month plus $5/particular person for the Pay Workers & Contractors plan.

Key options:

• Multistate payroll companies and reside help from payroll specialists.
• Automated submitting of quarterly and annual taxes.
• Timecard, suggestions, and commissions integration via Sq. options and third-party companions.
• No annual dedication or long-term commitments.
• Staff’ comp insurance coverage, healthcare, and retirement advantages integration.

Soar to:

Sq. Payroll pricing

Sq. Payroll’s software program options will be bought as a subscription-based service. The corporate’s pricing web page boasts its all-inclusive pricing, which has no hidden charges or commitments. However sadly, they don’t supply a free trial model of their software program.

Sq. Payroll has two totally different pricing plans based mostly on whether or not the enterprise needs to pay each workers and contractors, or simply contractors. Here’s a basic overview of the pricing mannequin:

Pay Workers & Contractors: This plan is for companies that must course of payroll for workers and contractors. It contains options akin to tax filings and funds, full-service payroll processing, limitless month-to-month pay runs, direct deposit and buyer help. The pricing for this plan features a month-to-month base price of $35, with further fees of $5/month per particular person paid.

Pay Contractors Solely: This plan is designed for companies that solely must pay contractors. It gives capabilities together with limitless month-to-month pay runs, 1099-NEC type mailing, contractor funds and buyer help. The pricing for this plan is determined by the variety of contractors the enterprise makes use of, as it’s $5 per particular person paid.

Sq. Payroll pricing could fluctuate relying on the variety of staff that the enterprise pays. Nevertheless, its plans require no dedication and firms can cancel their subscriptions at any time.

Key options of Sq. Payroll

Payroll for workers — and contractors

Companies that use Sq. Payroll can run their payroll processes effectively because of Sq.’s multi-state payroll software program. The U.S.-based software program operates in all 50 states. This additionally signifies that companies can run their payroll throughout a number of states and pay their dispersed group members, whether or not they’re in numerous localities, in-office or working from residence.

With Sq. Payroll, companies can simply calculate and course of their funds for his or her workers and contractors (Determine A). The software program allows them to pay W2s/1099s and course of hourly, wage or customized quantity funds. As well as, enterprise directors can use easy instruments to decide on their cost strategies, evaluate their staff’ hours and earnings, make changes and ship their payroll simply throughout the system. Moreover, Sq. can distribute funds as checks, direct deposit and even Money App for no further cost.

Determine A

Payroll taxes

Sq. processes automated quarterly and annual tax filings, so companies can at all times full their tax filings on time. The service calculates, withholds and recordsdata all federal payroll taxes on the enterprise’s behalf. As for state payroll tax kinds, Sq. recordsdata payroll taxes to all applicable state businesses as relevant and considers compliance with state taxes and withholdings to make sure a clean and correct course of.

Whereas some payroll options require further charges for submitting tax kinds, Sq. Payroll generates, recordsdata and mails all crucial W-2s and 1099-NEC kinds for companies on their behalf at no further cost. As soon as these kinds are processed, corporations can entry and examine the paperwork inside their Sq. platform (Determine B).

Determine B

Integration choices

Sq. Payroll customers can additional simplify their payroll and tax processes by integrating their resolution with different Sq. software program instruments. For instance, Sq. instruments, akin to Sq. POS and Sq. Group Administration, may help companies guarantee accuracy when processing their payroll by connecting their related knowledge concerning suggestions, timecards and commissions. Sq. additionally gives options with options which might be particular to totally different enterprise varieties. For instance, Sq. has an all-in-one restaurant POS system that may be built-in to supply a extra useful payroll system for restaurant companies.

In fact, Sq. additionally performs effectively with third-party options. For instance, Sq. Payroll can join with companions like QuickBooks On-line to robotically sync knowledge and simplify payroll operations. That is particularly useful for companies trying to streamline their HR alongside their payroll resolution, as Sq. affords healthcare and retirement advantages that robotically sync with the payroll software program via their accomplice Bambee.

Group administration and advantages options

Companies that use Sq. Payroll may even profit from the software program’s easy team-management capabilities. Directors can use the answer to evaluate the hours and gross sales info as it’s synced from its integrations to different software program programs like Sq. Group Administration. As well as, companies can sync timecard knowledge from different Sq. options or third-party software program integrations to learn from automated time monitoring. This may make it doable for leaders to get a greater view of their group members’ exercise and processes proper throughout the Sq. Payroll platform.

Group members may even probably admire how Sq. Payroll gives built-in advantages choices for medical insurance, staff’ compensation and retirement advantages. For instance, via its partnership with Subsequent Insurance coverage, Sq. Payroll gives pay-as-you-go staff’ compensation which robotically syncs with the payroll resolution for straightforward administration. And by conducting advantages via Sq.’s accomplice Bambee, companies can simply keep on prime of their HR compliance.

Alternatively, companies can apply their present advantages throughout the Sq. Payroll platform to realize taxable profit deductions and contributions to their workers’ profiles. Sq. Payroll companions with Guideline401(okay), AP Intego and SimplyInsured to supply help in syncing their staff’ advantages.

Accessibility and help

Sq. payroll is a stand-out resolution for companies as a result of its ease of use. Directors can use the platform to run payroll or carry out different group administration duties effectively on-line. Alternatively, they will use the Sq. Payroll App to realize visibility into their groups and handle their payroll operations on the go. Moreover, group members can entry their payroll and tax info on-line via their Group Member dashboard or via the Sq. Group app (Determine C).

Determine C

If customers do have questions on their payroll options, they will contact buyer help for help. Payroll specialists with the Sq. gross sales group can be found for all Sq. Payroll customers from Monday via Friday, 6 am to six pm PT.

Sq. Payroll’s professionals

• Sq. Payroll makes use of a month-by-month pricing plan with no long-term commitments. Subsequently, companies can cancel their subscription anytime.
• Due to Sq.’s clear and flat pricing mannequin, companies don’t want to fret about hidden charges.
• Companies can freeze their billing to pause funds to Sq. Payroll if they don’t seem to be utilizing the service.

Sq. Payroll’s cons

• There is no such thing as a free trial of the Sq. Payroll software program resolution.
• Sq. Payroll lacks points different payroll opponents generally present, akin to accounting options and sturdy reporting capabilities.

If Sq. Payroll isn’t perfect for you, take a look at these options

OnPay

OnPay’s full-service payroll and HR resolution gives comparable payroll options with an easy-to-understand pricing mannequin of $40 per thirty days plus $6 per particular person paid. As well as, it contains instruments and capabilities for automating taxes, payroll, HR processes and group administration with out requiring additional charges. Companies can simplify their payroll operations through the use of OnPay to create customized payroll reviews, carry out PTO administration and even streamline their worker onboarding. OnPay even affords a free one-month trial to new customers.

SurePayroll

SurePayroll is one other useful choice for companies in search of sturdy reporting options inside their payroll resolution. The software program simplifies payroll processes whereas permitting enterprise leaders to realize invaluable reviews from varied areas of their enterprise operations. These customizable reviews allow companies to realize insights into worker, advantages and payroll knowledge. As well as, SurePayroll automates payroll for straightforward use and could be a useful instrument for catering to the distinctive wants of particular enterprise settings, like nonprofit organizations and eating places. Companies can go to the SurePayroll gross sales web page for a worth quote.

Justworks

Like Sq. Payroll, Justworks is a superb payroll software program for Mac customers. Nevertheless, it’s a scalable resolution that may be exceedingly useful for rising groups. With time-tracking options, payroll processing capabilities, 24-hour buyer help and extra, Justworks can deal with nearly all of a enterprise’s payroll wants, and extra. The Primary plan begins at $59/month per worker for payroll options, in addition to advantages, compliance, and HR instruments. Nevertheless, one key distinction between Sq. and Justworks is that Justworks solely performs tax submitting via third-party integrations. Nonetheless, the platform gives many useful perks to streamline the payroll course of for companies.

Assessment methodology

It is a technical evaluate utilizing compiled literature researched from related databases. The data supplied inside this text is gathered from vendor web sites or based mostly on an combination of consumer suggestions to make sure a high-quality evaluate.