6 free payroll software for small businesses

6 free payroll software for small businesses

If you are the owner of a small business, then finding ways to save money indeed is your priority. However, that must not stop you from keeping your employees happy. High-quality payroll software can definitely help you keep morals high by paying their dues in full and on time. Here is a list of a few software to manage payroll for small businesses available for free.

SumoPayroll

This is a free payroll software with a variety of great options that simplifies the whole process. With SumoPayroll, you will require only a few clicks to complete payroll calculations easily. Apart from that, the software also allows you to manage employee information and evaluate their performance. Hence, SumoPayroll can also be used as an HR software. It is cloud-based software so that you can manage the payroll from anywhere.

Microkeeper

Managing payroll for small businesses is relatively easy with this software, as Microkeeper has a time-tracking option. This makes it easier and more convenient to keep track of the payroll. As the employees can clock in and clock out using this software, it becomes straightforward to calculate their dues. Microkeeper can take into account the employees’ work-time, breaks, overtimes, allowances, and leaves to generate the pay statement.

NolaPro

If you are looking for customizability, this payroll software will be perfect for your business. This cloud-based software makes the whole process simpler and more transparent for you and your employees. There are hundreds of add-ons and customizable functions available in the software. It allows you to customize the program according to your needs. If you need more control over the payroll, you can always ask the provider to make the necessary changes in your copy of the software.

PaymentEvolution

If simplicity is what you need from the payroll for a small business, this software can definitely help you. It is a cloud-based software that you can use from anywhere. While the program has the options for calculating all the standard deductions, you can also add custom options to make it more suitable for your business. PaymentEvolution can also be used to store employee information and manage them more easily.

Payroll4Free

As the name suggests, Payroll4Free does not cost you anything to keep track of your payroll. This software is most suitable for you if you have no more than 25 employees. It has a long-range of payroll services, which help you calculate the payments of your employees while keeping an eye on their vacation leaves and reports. Payroll4Free also helps you with tax calculations.

Employment Hero

This software offers a payroll for small businesses that is easy to use and can be very useful as an HR tool. Apart from managing your employee data, you can also keep track of information regarding any independent contractor you may have hired. You can use it to create payment schedules and streamline work rules too.

Before deciding on which software to use for your business, you need to compare all options closely to get an idea about which one suits your needs the best.

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The benefits of using electronic document signing software

In today’s world, where businesses around the globe have stopped using paper, electronic document signing software has become a very essential tool. Irrespective of what contract or document you have to sign, the software will help you save time and money. There are several other benefits associated with it that effectively help your business grow:Reduced costWhen you use paper to create business documents, you incur the associated costs of the paper, printer, ink, shipping, and maintenance. Apart from this, you will also have to spend a lot of time signing the documents or looking for the right one every time you need it. You should also consider the possibility of losing an important document at the time of need. Electronic document signing software can definitely help you save a lot of money and time, while also helping you overcome all the mentioned issues.Improved customer relationshipsConducting business online is the norm today, and it also comes with several benefits, so you can understand why your clients also expect that from you. In a country where over 90% of people have mobile phones, you can reach more customers simply by ensuring that they can get in business with you via the Internet. This is where electronic document signing software comes into play, as it lets customers complete the documentation process online, enhancing customer satisfaction as they don’t have to travel or make more time to complete the process. It will make it easier and faster for them to do business with your company, which will definitely be appreciated in the long run.Faster paymentOne of the main reasons behind getting late payments from a client is the delay in document delivery and signing, but electronic document signing software can easily solve that problem. With this software, your clients will be able to sign multiple pages in no time, so contract turnaround will take less time and business execution will also be faster. This will ensure that you can complete your business deals in less time than earlier, increasing productivity and, in turn, profits.Tracking progress is easierIf you run a business, you’re familiar with the anxiety of waiting for your clients to sign the required documents, especially if you have to give constant reminders, and wondering whether they have received or sent it back. With a digital signature software, you will be able to track the process online and know once a client signs the document. Some software even have the added facility of sending reminders to the customers.Improved document securityDocument security is important for any business, and electronic document signing software can help maintain confidentiality. When you do not store physical documents, you eliminate the possibility of loss or theft. Also, the software keeps track of the signatures, so you will always have evidence of a customer signing a document.Although there are many document signing software in the market, you should compare the features against the price you will be paying before making a choice.

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5 benefits of using employee evaluation software

An organization’s foundation rests on the productivity of its employees. And every employee, from the top-most managerial level to the lowest rung, must be provided with regular feedback regarding their work to help them improve and get better at what they do. Apart from ensuring the employees’ growth, the organization will also hugely benefit from these regular reviews. Technology has enabled the use of employee evaluation software to evaluate an employee's performance and the results delivered by them in the organization without the need for additional time or effort on their superiors’ part.Advantages of this softwareLet's look at the benefits his software brings along:Ensures a 360-degree feedbackAn employee’s performance is evaluated by their superiors for feedback, but it is sometimes difficult for a superior to keep a check on all the tasks performed by their subordinates. Employee evaluation software is more effective in taking into account a large amount of data and processing it to arrive at a result. These results help senior executives get an idea of the subordinate’s efficiency and performance. Also, the employee will get 360-degree feedback that helps them understand the things they need to work on improving.Increases the frequency of feedbackIn organizations that do not use employee evaluation software and are dependent on the manual taskforce for all their operations, tasks were not carried out as fast as it is now. Employees would receive feedback from their seniors or employers, but it would be less frequent as it required people to make time to observe, note, and then provide feedback. Also, there was no proper structure as to how an employee’s performance would be reviewed, but employee evaluation software enables regular reviews and helps employees improve their performance accordingly.Helps reduce stress and anxietyEmployees often develop anxiety while waiting for reviews on their work and performance, and even employers go through a great deal of stress while putting these reviews together. These reviews are presented at the end of every financial year or once every six months, but employee evaluation software regularly provides feedback to employees, reducing the stress and stigma associated with annual reviews. Instead of getting a vague idea about their performance over a year, daily or weekly reviews help them constantly improve their efficiency and performance.Improves performance trackingWhen employers or managers prepare annual or bi-annual reviews, they may miss out taking into account a lot of things. An employee performs multiple tasks and takes up numerous projects during a year or over 6 months, and everything cannot be included in one review session. The annual or bi-annual review puts out a report filled with certain inconsistencies and biases, but a daily or weekly performance review provided by employee evaluation software offers a more accurate picture of their performance.Updates employees’ performance automaticallyUnlike the manual performance evaluation process, employee evaluation software automatically updates the performance of all employees working in an organization. This makes it convenient to compute, store, process, evaluate, and distribute review reports through the software rather than doing it manually. Besides, it makes the entire process a lot faster.

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