The two most popular Accounting software packages for Micro and Small businesses are Quickbooks and MYOB. They are easy to use, provide a range of features, have a great support team, and are generally quite affordable.
However, when it is time to grow and you’ve got some employees to pay, adding a Payroll module seems to increase the costs by several fold! The above providers seem to milk companies with their annual support fees just to receive the annual patch for the updated Tax Tables.
So what are Micro businesses to do? With limited funds and probably one or two employees, is it really worth paying all that extra dough for a Payroll module? As IT consultants, it is our job to introduce software that can be of value. Interestingly enough, there are some vendors that introduce Micro businesses to the Payroll Application world for FREE! They allow free usage of their Payroll software if you’ve just got a handful of employees. After reviewing several packages, the two that stood out on top are:
1) www.e-payday.com
e-PayDay is somewhat unheard of even in the Accounting world but word about them is spreading quickly. The User Interface (UI) is modern and it was easy to setup and learn. It looks rigid (which a good Payroll System should be) but I think it would be a pain using this software if you have a large employee base. For a Micro Business though, it is very good and will save you several hundreds of dollars.
2) www.kwikpay.com.au
Kwikpay seems to have a much older UI and has probably been around for a while as they’ve established their presence in a few countries. The features were more than sufficient but it was difficult to use and learn. I suspect these guys may not exist too much longer unless they update their UI! Still, this is worth checking out!
Yes both of these applications are up-to-date with the current tax tables and the vendors will provide the patch every year to keep you compliant. Once you create the right account types within your Accounting software, these freebie Payroll systems will provide the rest of the relevant information that you need.