Each provider on this list offers a free trial, product tour and/or platform demo. Test your top contenders firsthand to see which one you find easiest to use. If you’re trying to decide between a few of these providers, here are some questions you can reflect on to choose the right solution for your needs. Bailey Schramm is a writer based out of Jackson Hole, Wyo., primarily covering topics and trends in business, financial services and tech. RUN Powered by ADP is provided in four packages, and the price is based on the number of employees. Businesses should contact the RUN by ADP sales team for a free quote.
- By showing your commitment to staff and their best interests, you can easily boost employee engagement.
- We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
- Paychex also supports payroll and tax processing, plus compliance in several locations, which is ideal if you need to pay employees in different regions.
- Combined with a cloud accounting tool like Xero, your billing collections and expense management just got easy.
- Either way, make sure you have a checklist of your specific needs and a budget in mind before you settle on a product.
- You have the option to do payroll manually, hire an accountant, or use payroll software for your payroll scheduling requirements.
How to choose the right payroll software
- Processing payroll is a complicated but essential task for restaurant owners, operators, and managers.
- At Netchex, many of our restaurant clients also run payroll for franchise locations in multiple states.
- If you are taking a tip credit, your tipped employees will need to report their tips to you on a daily basis in order to ensure proper payment.
- Some offer additional payment methods, such as paper checks or prepaid debit cards, which can be more convenient for employees.
- Payroll is one of the most challenging and heavily regulated responsibilities for a restaurant and complying with regulations while accurately completing payroll on time requires dedicated resources.
The Plus plan, which is not much more expensive, gives you access to time tracking and PTO. We chose Gusto as the best restaurant for employee benefits because it offers an exceptional employee experience and simplifies employee benefits management. The software also earned an impressive 4.4/5 overall star rating in our Gusto review.
Business Type
To determine what percentage payroll should be in your restaurant, you’ll need to keep track of your employees’ tasks and hours worked. An employer is responsible for paying a portion of payroll tax, which includes Social Security tax, Medicare tax, and FUTA. Let’s dive into some of the key features to look for when choosing payroll software for your restaurant.
Employee self-service tools
- This, plus the integration with scheduling software and information employees provide in their portal, will make time tracking simple.
- Square’s robust restaurant-specific POS system, Square for Restaurants, processes payments, enables table management and lets employees clock in and out.
- From changing security permissions to updating PTO policies, Rippling triggers automatic updates to employee information in a single flow.
- The full-service option has full tax support and a faster processing speed.
- SurePayroll pricing is relatively cheap; however, if your restaurant is located in Ohio or Pennsylvania, SurePayroll will charge extra for local tax filings.
- In general, it is good practice to maintain payroll records for three years.
When it comes to getting honest feedback about workplace culture, offboarding is just as important as onboarding. Stay on good terms with departing staff whenever possible, protecting your brand’s reputation. Paper handbooks have their place, but electronic resources don’t disappear. Provide online access to your employee handbook, and you won’t have to deal with the hassle of outdated versions.
This way, you can ensure the platform works to simplify your payroll function, not make it more complicated. In addition, determine if you need the solution to have a built-in or add-on time tracking solution. If you already have a system in place, this might not be a requirement for you. If RUN Powered by ADP doesn’t have enough payroll for restaurants HR or payroll features to support your growing workforce, a more comprehensive ADP product like ADP Workforce Now could work better for you. If a one-size-fits-all approach doesn’t work for you, try RUN Powered by ADP. With four distinct packages and varying levels of HR features, it’s easier to find a payroll plan you love.
These include FICA tax, which covers social security and Medicare, and FUTA tax which covers unemployment insurance. According to the IRS, the current FICA tax rate is 15.3% of the employee’s gross pay, of which the employer and employee each pay 7.65%. The current FUTA tax rate is 6% of the first $7,000 of wages, although many businesses qualify for state tax credits that bring it down to only 0.6%. One of the reasons that running payroll for restaurants can become complicated is because of the complex rules around paying tipped employees.
Toast Payroll Pricing
- Toast Payroll is cloud-based restaurant payroll and team management software that integrates with Toast’s line of products, including Toast POS.
- With restaurant HR software, you can simplify shift scheduling and payroll processes, reduce time spent and potential manual errors, and boost employee satisfaction and retention.
- Payroll software is an invaluable tool that helps automate payroll processing to save time and make sure you never miss a payday.
- Selecting the right HR and payroll software is crucial for businesses looking to optimize their workforce management.
- This solution takes care of payroll with tax and compliance capabilities built in.
- We also look carefully at features such as employee and client portals, user onboarding services, PTO management, benefits administration, multistate compliance, and more.
- Train new hires on your policies and expectations around scheduling requests, swapping, and more.
