Compare Wagepoint vs QuickBooks Payroll

Summary

Wagepoint is a futuristic payroll management software for small businesses. It can be used to regulate direct deposits, check over automated payroll taxes and get access to paystubs online. Also, Wagepoint makes it easier for companies to offer worker based compensation and 401(k)s, provide access to payment-related details online, transfer money into the employee’s bank account directly and issue W-2s/1099s on an annual basis accordingly. At present, 18k small businesses are dependent upon Wagepoint for their day to day tasks. Further, accountants can also rely on the same to automate withholdings, compliance and contributions for their monthly deposit schedules, FICA taxes, local income tax settlements and new hire reporting. For those who are new to the entire system, built-in tips, add-ons and real-time integrations made available are of great help. A world-class support team is always available at service providing relevant solutions. Along with dedicated payroll services Wagepoint also offers real-time access to a simple yet accurate time tracking app and a paid time off application. ..show more

QuickBooks Payroll is an intuitive accounts management software for small businesses, helping them with sales tracking and invoice generation. Also, with QuickBooks Payroll’s easy-to-use interface, an individual can ditch rigorous training in accounting or finance-related tasks. Integrated QuickBooks Mobile functionality can be utilised to connect an individual’s bank account and then import and categorise transactions, automatically. Furthermore, this accounting software helps companies to access an account, stay in business and be well informed all the time. QuickBooks Payroll ensures organisations create custom/professional invoices and sales receipts incorporated with accurate estimations alike. Moreover, the customisable reports and dashboards provided by this accounting software help leaders to understand how their business is performing at present. With this software, organisations can also schedule recurring payments to save time. QuickBooks Payroll can even help organisations to track billable hours by client or employee. ..show more

Gusto is an all-on-one solution that offers HR, benefits, payroll, and time tracking functionality, all from one centralized platform. Gusto’s HR capabilities include the ability to more efficiently and effectively onboard new hires, to ensure they are getting up-to-speed quickly, settling into the company, and gaining the necessary knowledge. Gusto cuts down on your admin and paperwork –– which also provides benefits in terms of sustainability by enabling your employees to sign forms and contracts, as well as enroll in benefits and your company’s payroll scheme, online. This means you don’t have to print any paper forms. Gusto also enables you and your employees to manage PTO better bu automatically syncing with both your company calendar and your payroll system. You can also send out anonymous surveys to find out how your team is doing, get recommendations on how to improve, and receive feedback on what your employees like and don’t like. As Gusto centralizes your data, you can more easily stay complaint with HR regulations. ..show more

401(k) Tracking Helps to track and manage matters concerning 401(k) that is a retirement savings plan sponsored by an employer.

Attendance Tracking Helps to quickly and easily track the attendance

Benefits Management Helps in monitoring and managing non-wage compensation given to employees besides their regular salaries or wages.

Check Printing Allows previewing and printing standard and customized paychecks

Compensation Management Manages employee compensation related data in an organized and automated manner

Deductions Management Helps optimizing deductions workflow and assist in calculating various deductions or additions like ESI, PF, integrating leave, performance

Direct Deposit Supports direct deposit which is the most popular method for giving paycheques to employees in an electronic form

Leave Tracking (Vacation) Assist in keeping track of leave and holidays for easing the payment calculation process

Multi-country Supports electronically transfer of payments to employees regardless of the country or state

Self Service Portal Provides the employees with a website where they can update their accounts, make bill payments, avail necessary information and other self-help functions

Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time

W-2 Preparation Helps electronically preparing the W-2 form that reveals the total gross income of an employee.

Wage Garnishment Helps in deducting the amount from an employee's monetary compensation including salary as per a court order to pay off debt

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