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Square’s payroll is designed to be simple, easy-to-use and integrate with the Square point of sale system. With its low fees, lack of chargebacks and support for Bitcoin payments, this solution is being trumpeted as a game changer in the banking industry.
Square Payroll is a payroll solution that has been around for quite some time now. It’s not perfect, but it does have its benefits. The “square payroll pros and cons” will help you decide if this is the right product for your business.
Square Payroll was created with small company owners in mind, to make Processing of Payroll simpler. It’s also designed to integrate seamlessly with Square POS, making it an excellent payroll tool for merchants and restaurateurs that use the company’s point-of-sale system. Square Payroll also has a flat-rate price model ($35 per month + $5 per employee per month) and a cancel-at-any-time account option.
Pay a visit to Square Payroll.
What Square Payroll Is Good For
The software’s simplicity of use is one of the features we highlight in our Square Payroll review. It makes paying staff and even monitoring time straightforward with an intuitive and easy-to-learn UI. Apart from automatic tax filings, Square Payroll provides sophisticated features such as tip tracking, workers’ compensation, and healthcare deductions.
In a nutshell, Square Payroll excels at:
- Small enterprises: Square Payroll is designed with small businesses in mind. It is cost-effective ($35 per month + $5 per employee per month) and makes it simple to give benefits like as healthcare, workers’ compensation, and retirement plans to employees.
- Companies that solely hire contractors: One of our suggested contractor payroll systems for small companies is Square Payroll, which features a contractor-only plan for managing and paying 1099 employees. It can pay contractors through direct deposit and submit 1099-MISC papers for you for $5 per person every month. During months when you don’t have any contract employees to pay, the per-contractor processing costs are also waived.
- Users of Square POS, particularly stores and restaurants: If your company uses Square’s point-of-sale system, simply add the payroll tool to your subscription to begin processing employee payments. Square POS and Square Payroll provide a seamless interface that enables you to monitor and record workers’ real hours worked and tips collected for fast pay processing.
Do you want to know more about Square POS? Check out our Square POS Ultimate Guide for more information.
When Square Payroll Isn’t the Right Fit
- Huge enterprises: Square Payroll is not meant for large organizations with thousands of workers; it lacks the flexibility and customisation required. If this fits your company, ADP or Paychex are good options since they both provide flexible price plans and strong HR capabilities.
- Professional employer organization (PEO) services are sought by the following companies: Square does not provide PEO services to assist you with day-to-day HR chores, while providing fast pay processing solutions. If you want to choose a good PEO company for your company, read our guide to the top PEO businesses.
Are you looking for something unique? Check out our free payroll software tutorial if you need something even cheaper than Square Payroll.
Overview of Square Payroll
Pay a visit to Square Payroll.
Pricing for Square Payroll
Features of Square Payroll
Square Payroll provides just one package that contains all of the tools you need to pay workers, submit payroll taxes, and even offer benefit alternatives, unlike competing payroll providers that bundle sophisticated capabilities in higher levels. You also receive software that is simple to understand and utilize. Let’s take a look at some of Square Payroll’s most important features to see whether it’s the right match for you.
Processing of Payroll
Finding a payroll solution to handle salary payments is crucial for small companies, whether they employ hourly labor, monthly paid personnel, or contractors. Square Payroll can help you determine prorated compensation for new recruits and resigning workers (particularly if they join or leave outside of your company’s pay periods), and you can pay employees and contractors through direct deposits, handwritten paychecks, or the Square Cash App.
You may process off-cycle and bonus payments for free, in addition to limitless pay runs. Multistate payroll, bespoke pay schedules, paid time off (PTO) monitoring, and different pay rates are all supported by Square Payroll. If you use Square POS, the tip and commission data from your employees is instantly loaded into Square Payroll for seamless payroll processing.
Square Payroll is a mobile payroll app that is tailored to employers and/or payroll managers, and it is one of our top payroll applications. On iOS and Android devices, you can run payroll, monitor PTO, manage pre- and post-deductions, and examine benefit plans—as long as you have an internet connection.
Payroll may be processed once a week, every two weeks, once a month, or twice a month using Square Payroll.
Payments in a flash
While Square Payroll’s standard direct deposit processing time is four days, Square’s Payments in a flash feature lets you pay employees the next business day and even instantly through its Cash App—provided you have available funds in your Square balance. This is ideal for businesses that accept customer payments through Square and maintain funds in their Square account.
Tax Preparation Services
For federal, state, and local taxes, Square Payroll automates tax computations, payments, and filings. It creates and files W-2 and 1099 MISC forms at the end of the year. Your workers may also use the Square Team app to examine their pay stubs and download tax forms (for iOS and Android devices).
Tracking of Time
Because both the Square POS and Square Team app offer clock-in/out functionality, you can track employee work hours with Square. Both integrate with Square Payroll, eliminating the need to manually input employee timecards.
Benefits for Employees
Square’s relationship with SimplyInsured, Guideline401(k), and AP Intego allows you to access and provide health insurance, retirement plans, and pay-as-you-go workers’ compensation to your employees. Employees may even enroll in benefits online, saving you the time and effort of having to handle the full process yourself. You also don’t have to keep track of benefit deductions manually since Square Payroll syncs all deduction and contribution data on every pay run.
You may design a personalized benefits package for your workers using Square Payroll.
Product Integration with Square
When compared to connecting products from separate software suppliers, many company owners find that choosing fully integrated solutions saves them a lot of time and worry. One of the most appealing features of Square Payroll is that it works in tandem with other Square products, not simply the POS. It integrates with Cash App, a mobile app for collecting and transferring payments, as well as Square Capital, a provider of small company loans that might be utilized to assist with payroll management if necessary.
Spas, salons, and groomers may utilize Square Appointments in conjunction with their POS system to manage tips left by customers who schedule numerous services for a single visit. Then, with Square Payroll, you can execute tip payments to workers quickly and correctly.
Integrations with Third-Party Software
Given that Square’s product suite connects with a variety of third-party applications, we’ve highlighted the systems that its payroll module automatically syncs with in our Square Payroll review.
- QuickBooks Online (accounting)
- Deputy, Homebase, Humanity, When I Work: Time and Attendance
Ease of Use with Square Payroll
- Interface that is simple to use
- Mobile Processing of Payroll
- Live account setup assistance is available.
- How-to tutorials that are really useful
- Onboarding and customer service in the United States
- Other Square business solutions are compatible.
Square Payroll is easy to set up and utilize. It takes relatively little time to get the program up and running, particularly if you have all of your company and employee information on hand and only need to add a few people to the system. Square provides live help for new customers that want assistance with setup.
The primary dashboard of Square Payroll is the overview screen. Basic tasks, such as adding staff, are readily accessible from here.
Square has a library of how-to guides that you can easily access if you have questions about its features. While it has user-friendly tools that even allow you to process payroll on mobile devices, if you have questions about its features, Square has a library of how-to guides that you can easily access. You may also reach out to Square’s customer care staff by email and phone, however you’ll need a customer code to do so.
Alternatives to Square Payroll
Compare Square Payroll to other online payroll services if you’re not sure whether it’s ideal for you.
Users’ Opinions on Square Payroll
Users who left Square Payroll reviews online like its ease of use, adding that it helps simplify payroll and payroll tax processing. They also appreciate its seamless Product Integration with Square (such as its POS solution), including the automatic imports of tips and employee time data into its system. Some commented that while Square Payroll is affordably priced, it can get expensive as you add more employees. A few others said that one-on-one customer support can be challenging to reach, and time cards are a pain to review.
Square Payroll received the following ratings on prominent user review sites at the time of publication:
These are some of the patterns I discovered when reading Square Payroll reviews online:
Conclusion
Square Payroll is simple to use, and you don’t need a lot of accounting or HR experience to figure out how to set it up—making it ideal for small business owners. If you are already using Square POS, it makes sense to add this payroll service to help you efficiently manage employees’ hours worked, PTO, deductions, and tax obligations. Pricing for Square Payroll is also affordable with flat rates to help you manage your business’ budget. Sign up for a Square Payroll plan today.
Pay a visit to Square Payroll.
Square Payroll is a payroll service that allows businesses to manage their employees. This system is designed for those who want to get paid on-the-go, and have the ability to track hours worked, pay rates, and more. Square has an easy setup process, but they also provide a detailed guide of how to use it. Reference: square payroll reports.
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