Payroll is a business function that takes care of your employees' payments covering salary, benefits, superannuation, income tax, leave and other matters such as retirement and retrenchment. Small
Hiring employees, especially for small businesses, isn't as easy as it sounds. It's not only based on agreeing to the same working terms. When it comes to hiring employees, there's a lot of...
Is it better to get an accounting software with payroll? Or should I software specifically designed for payroll management?
Quickbooks Online has an excellent Payroll system included and is one of the most competitive in the market compared to other software options.
The advantages of QBO's payroll
Why and when should you outsource payroll? Which type of small business is better off outsourcing to a payroll company?
What should a small business expect to pay, in price range, to outsource payroll services?
It depends on the type of payroll services you need and the size of your business. When comparing costs for outsourcing, take into account how much it would cost you to hire an internal HR expert or manager instead, including recruitment, salary, superannuation, benefits and training.
Generally, the cost to outsource payroll services gets cheaper the more employees you have on the payroll. If you check out this 2019 report by Australian Payroll Association, those with fewer than 50 employees pay the most, $200+ per payslip. For 50 – 100 employees, it comes down to about $64 per employee and then it reduces to less than $20 for 200 – 499 employees.