Gusto payroll services is a software program that allows you to conduct and automate your payroll duties. While there is an overall HR platform that Gusto offers, you can purchase their software separately for payroll duties. Gusto also won’t charge you until you have the system set up and ready to go. According to Software Advice, Gusto is ranked as one of the highest-performing payroll services on the market. If you are looking for a payroll solution that is easy to implement, can automate most of your payroll duties, and provide you with flexibility, Gusto may be the perfect option.
Additional reading: What is a Payroll Service
Gusto Payroll Features & Benefits
Run Payroll
Gusto takes the worry and pain out of running payroll with automation. Once you have the software up and running you just need to input your employee information. From there, you can track their time and run payroll. On average, Gusto reports customers take around 13 minutes to run payroll with their systems. This is due to ease of use and automated tools such as AutoPilotⓇ, which will automatically run payroll for you on selected days. You don’t have to worry about hammering out complex math, calculating withholdings, or even running payroll multiple times. Gusto also allows you to adjust for multiple pay rates.
Automatic Tax Filing
One of the most common problems when calculating payroll is dealing with taxes. Gusto will automatically calculate and file local, state, and federal taxes on your behalf. No more guesswork or incorrect taxes. Gusto payroll services can handle just about any tax form such as:
- W-2
- Form 940
- Form 941
- Form 8974
- Form 1099
You can also use Gusto payroll in all 50 US states for tax registration. This means you can open your talent pool to remote employees or run payroll for operations in different states.
Benefits and Time Tracking
Time tracking can be automated through employees clocking in on their desktop or phone using geolocation. Gusto payroll helps you track time whether employees are at the office or on a job site. Furthermore, Gusto will also handle your benefits deductions to save you time and stress.
PTO
Calculating PTO without an automated payroll system is a nightmare. You have to track and approve employee PTO and then calculate that into an employee’s paycheck. Gusto payroll allows you to input PTO with a couple of clicks and automatically integrate that into payroll. From there, you can approve and run payroll in minutes.
3rd Party Integrations
Like most businesses, you already have certain tools that help make your business run smoothly. Changing those tools can cause confusion among staff and take time to implement. Fortunately, Gusto payroll doesn’t make you choose between your favorite programs and supports 3rd party app integrations like:
- Xero
- Clover
- Trainual
- TSheets
- QuickBooks
You can find their entire list of payroll software integrations here.
Pay by Direct Deposit, Check, or Pay Card
Around 93% of employees are paid by direct deposit and for good reason. It’s convenient and eliminates time wasters for employees. Gusto can help you pay employees, independent contractors, or others through:
- Direct Deposit
- Check
- Pay Card
You can choose the most effective payment method for a situation or employ multiple payment methods at the same time.
Payroll Reports
One of the biggest benefits of Gusto payroll reports. This can help you track this history of your payroll and make decisions for the future. Payroll reports allows to view critical data such as payroll history, bank transactions, contractor payments, PTO, tax payments, and more all in one location.
Additional reading: In-House vs. Outsourced Payroll: Pros and Cons
Gusto Payroll Pricing
Gusto payroll offers 4 different plans for their payroll services. These plans also include some of their other products such as HR, Compliance, etc. Here are the plans and some of their offerings within those plans.
Core: $39/month + $6/per person/month
- Full-Service Payroll
- Employee Health and Benefits
- 3rd Party Integrations
Complete: $39/month + $12/per person/month
- Everything in Core
- Next-day Direct Deposit
- Time Tracking and PTO
- Hire and Onboarding Tools
Concierge: $149/month + $12/per person/month
- Everything in Complete
- HR Resource Center
- Certified HR Pros
- Compliance Center
Select: Custom Pricing
- Every Feature in Concierge Customized to Your Business.
- Full-Service Payroll Migration
- Exclusive Pricing
To find a full breakdown of their pricing and features, check out Gusto Pricing here.
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