BooksTime Review With Competitor Comparisons And Pricing

BooksTime review

To avoid lawsuits and incorrect calculations, people turn to cloud-based software solutions like BooksTime to stay on top of their tasks and responsibilities. The dashboard is user-friendly; menu placement is on the left-hand side of the display and is easy to follow. And since BooksTime provides https://bookstime.company/ the services that a small business would need vs trying to serve all employers, the interface is not overwhelming, and there’s no steep learning curve. When problems do arise, there is an Online Help Center with answers to frequently asked questions, and live phone support is available.

BooksTime review

In that case, you’ll know that running and managing an efficient monthly or weekly payroll system and employee benefits scheme takes time and great attention to detail. BooksTime offers good reporting options, including a complete payroll journal, year-to-date employee earnings, an employee summary, a benefits report, a contractors report, and time-off balances. Each pay stub provides a wealth of information, including gross earnings, total taxes, benefits and deductions, and time off that has been used as well as accrued, along with the check amount. In addition to pay stubs, employees can also access year-end forms like their W-2s. Applicant Tracking Choosing the best applicant tracking system is crucial to having a smooth recruitment process that saves you time and money. Find out what you need to look for in an applicant tracking system.

BooksTime For Small And Medium Businesses

Once you make your selections, your employees can enroll easily through their accounts and payroll deductions will be updated automatically. This reasonably priced small-business software makes it easy to manage payroll, benefits and human resources. This may influence which products we review and write https://bookstime.services/ about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. However, these errors are having a disproportionate effect in terms of online reviews.

How do I export payroll from BooksTime?

After you’ve run payroll, click the Reports tab. Click the Payroll History tab. Hover over the payroll you’ve run and click View Details. Next to BooksTime Desktop, click Export.

Providing state tax details can be an especially complicated process, so BooksTime adds helpful explanations and links to help statement of retained earnings example for this section. BooksTime wins an Editors’ Choice for small business payroll services once again this year, as does OnPay.

But as Reeves points out, there are benefits to this outside of simply saving time for the hiring committee. “If things are done correctly, all of these materials were already created as a part of the normal interview process. For a role to be opened, the hiring manager should have a clear summary of what the new hire will do. For the hiring panel to want to make an offer, there should be a clear summary of the interviews, with a debrief to reconcile any flags. And these materials should be used to help set up an onboarding plan for the new hire if an offer is extended and the candidate accepts,” he says. With 3,500-plus health insurance plans, business owners can pick the right ones for their employees and easily synchronize them into their payroll.

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Its use of space and choice of fonts, graphics, color, and overall design are exceptional. The final step is to import your payroll data into an accounting application, if you use one. BooksTime facilitates integration with some of the most popular invoicing and accounting solutions, including top choices BooksTime, BooksTime Online, and BooksTime.

With BooksTime, that’s not a problem at all, especially with their detailed Full Cash Requirements Report, available after you run payroll. Your job will be just to make sure the numbers on screen are correct.

BooksTime review

Its payroll and HR services are excellent and it is an easy, smooth, and functional platform to use that makes payroll a breeze. This is the only trial I have ever done where this has been the case. It’s worth noting that the poor level of customer service relates only to benefits administration.

BooksTime Faq

BooksTime allows you to run an unlimited number of payrolls each month, while most competitors charge for this feature. This is useful as most businesses will need to run different payroll retained earnings schedules for different types of employees. You can also save your payroll and come back to it later if you are unsure – I have not found this feature in any other payroll provider.

You can view them directly on the screen or download them as a CSV or PDF . The site includes a good set of report templates, both in the area of payroll itself and HR .

I could go on, but suffice to say that BooksTime is impressive when it comes to benefits administration. Another huge plus with BooksTime is all of the HR tools available.

Buying Hr Software? Check Out These Resources

BooksTime has steadily improved, adding new functionality in areas like contractor payments, benefits, and user experience. It continues to provide excellent support for the complicated tasks it enables. One of BooksTime’s most convenient features is the employee onboarding process, which is completed by the employee. The onboarding feature also allows employees, once signed up, to access payroll information, change personal information, and view paystubs. The hiring manager and recruiter help streamline the process by creating offer packets that give an overview of the role, the background of the candidate and include the interview scorecards.

  • BooksTime is ideal for any small business looking for a user-friendly payroll service that fits comfortably within their budget.
  • The Time Off page displays how many sick and PTO hours each individual has remaining, based on the policies that BooksTime helps you establish.
  • Check out my guide on setting up and running payroll with BooksTime—if you’re more of a visual person, explore the video walk-through.
  • If you have only salaried employees who use direct deposit and you’ve already run the desired payroll once, BooksTime will just handle it for you.
  • You should also be aware that you’ll be charged for all active employees whether that employee is paid or not.

Changes made after the 24-hour period will be applied to the next payroll cycle. Unfortunately, you won’t be able to pay your contractors using AutoPilot. If the thought of processing payroll frightens you, relax and take a look at BooksTime. Designed for small businesses, BooksTime makes it easy to pay your employees and maintain your sanity in the process. Each time we sent a question, we received almost immediate attention. With other payroll services, we were often left dissatisfied with the support, because we were unable to get answers to our questions.

Customer Service Is Nonexistent

You can’t even spoof your location via a VPN to sign up for the service, because BooksTime requires a US bank account to set up the system. It definitely brightens up our day to see that BooksTime is a company that finds ways to give back to their customers. One of the main banes of SaaS services is the inability to be as fast as the user would like them to be. When the program takes time to load, it irritates the user, sometimes to the point of frustration. You’ll have to contact BooksTime’s customer care team to see what they can do about reversing the payroll or talk about the options you have to sort out the problem. Payroll reports need to be detailed and comprehensive so that you’ll know how much cash the company needs to operate every month.

Users are happy with the ability to access their own portal and retrieve tax documents and payment receipts on their own. I would like to see them add internal triggers and reminders if they have not already done so, so the system would notify us of employee birthdays and work anniversaries. They already have a good welcome email implemented on behalf of the new employees, so the potential is there. Product recommendations, vendor rankings, market overview and tips on how to select Payroll Management software for business. If you’re not satisfied with the services you have, you can suspend your contract at any time.

The entire payroll process can be set and customized to your standards. Additionally, any forms related to federal and state taxes are made available in the solution, making it easier to use for future purposes. Manually calculating your employees’ payroll and organizing their documents is a risky and time-consuming endeavor.

One con is that my last payroll company we would have our payroll go out on a Friday and we could still submit our payroll by Thursday at 4PM. Which created a rush for getting our payroll submitted Monday and Monday’s are usually busy for us. The money also comes out on Tuesday, which for cash flow purposes hurt, as we get all of our cash in on Thursdays, so we had to reorganize things. It set our cashflow back on week and was definitely a drawback. At first glance, it seems there’s a price plan to suit most business sizes and budgets.

The Concierge plan is designed for businesses seeking comprehensive HR and payroll services. BooksTime’s Complete plan is ideal for any business in need of a few outsourced income summary HR functions in addition to payroll services. The Core package is a great option for any business looking for a user-friendly, low-cost payroll service.

You can also upgrade to a more robust plan directly from the dashboard if you wish. Remember, if you find yourself overwhelmed, BooksTime personnel are available to help throughout the entire setup process. BooksTime representatives have stated that based on a 2018 survey of over 600 BooksTime customers, 85% stated that BooksTime is easier to use than their last payroll provider. You should also be aware that you’ll be charged for all active employees whether that employee is paid or not. Though the cost is initially within reach of very small businesses, the fee structure can become rather expensive for businesses with more than 20 employees. Along with accessing their personal contact information, your employees can sign into their accounts to view digital pay stubs.

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