Payroll processing software for small business

Roy A.

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Payroll processing software for small business

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Themes

Payroll, analysis, business, Gusto, Paychex Flex, OnPay, Hubstaff, website, technology, prices, consumers, rating

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Abstract

This report analyses market leading Gusto, Paychex Flex and OnPay Payroll processing software's, and their suitability for use in a small flower shop. This analysis and comparison is made in terms of cost and benefit, features and consumer ratings. The importance of the payroll in terms of the overall business information systems is also discussed. The results of the analysis finds out that all the three systems are within a similar range with regard to their cost. The OnPay system is found to be superior to the other two with regard to the overall customer ratings, which were conducted by comparing two credible online ratings sites. The Paychex is last in the category of ratings. All the three systems are found to have similar features and specifications, which means they are all capable of undertaking the most basic and required of task that involves payroll management. The result of this analysis therefore finds that the ratings factor plays the greatest role in making the decision of choosing the OnPay system, which has been found to be the highest rated by end users. The OnPay system is thus recommended for the small flower shop payroll.

Introduction
Background
Purpose of research
Overview of the Gusto, Paychex and OnPay Payroll processing software
Features and specification comparison
Cost comparison
Consumer ratings comparison
Recommendations
Conclusion

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[...] This will help in ultimately finding out which payroll software system is the best to be employed by a small business of our genre. The selected system will be best suited to be employed by the management of the local flower shop. This study will also be used by other similar sized business to emulate this one so as to find the best alternatives to the challenges of payroll management for small and starting businesses. Overview of the Gusto, Paychex and OnPay Payroll processing software The Paychex Flex, Gusto and OnPay payroll processing software were selected for this analysis based on the criteria of being the highest rated on reputable online rating sites. [...]

[...] Nonetheless, there is no current payroll system that can be exclusively said to specifically favor the small business or the larger business models. All the current payroll systems can be used by either business, only that they will have to be tailor programmed to fit the specific business needs of the particular business. The local flower shop business is categorized as small, with only 5 employees, who the owner can be able to track all their remuneration numbers without necessarily having to use costly payroll software to do the same. [...]

[...] While the higher number of respondents should not be a major factor in comparing responses due to the averaging concept, we can still include it in gauging the quality of the software, which would imply that most people are accessing and using the software in their daily life. More use would imply a favorable item. The Paychex software comes last in ratings, with an average of 4.09. Conclusion and recommendations Payroll software systems are part of the overall information technology systems in the organization that use technology to improve work processes and increase efficiency. [...]

[...] The OnPay software offers the option of long term suitability of use that is good for a starting and growing business. Such stability is essential for any business that purposes to grow and expand. Furthermore, the OnPay software has been proven to have no additional or hidden costs. This kind of transparency is important for a small business that has limited funds and is still small and growing. By choosing OnPay for the flower business therefore, the business has a higher chance of a better payroll management for achievement of its goals and objectives. References Madavarapu, J. B. (2014). [...]

[...] Based on this analysis therefore, I would recommend that the business use the OnPay software system. The choice has been informed more from the perspective of the consumer and end user ratings rather than the cost and feature criterion, as the later have been found to be relatively similar in all the three softwares. The consideration has been greatly weighted based on the size of the business and the fact that the cheaper system still affords to operate and perform the basic purpose that the small business requires and needs. [...]

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