Retail payroll software comparison + what to look for

Do you find that manually running payroll is time-consuming and stressful for your small retail business? If you are wondering yesYou are in the same boat 70% Payroll and tax calculations add a significant burden to the workload of small business owners. It may be time to introduce retail payroll software to relieve some of that pressure.

Because as your business grows, salary will become a big burden. And without a human resources department to help you, Sticking to your manual system can be a recipe for unhappy employees, late paydays, time tracking errors, and wage miscalculations—not to mention tax mistakes that can come with higher IRS penalties. 15% Above the month you owe.

A user-friendly retail payroll software that can run payroll instantly and provide you with automatic, error-free calculations is the best way to avoid these risks, and that’s why we’re going to talk about the most important features of retail software. And what they can do for your business. We’ll also include a side-by-side comparison of the top-rated retail payroll software solutions available.

What is Retail Payroll Software?

Retail payroll software is a technology-based payroll solution that automates your payroll process so you can pay your employees more efficiently and with fewer errors. Without the need for manual calculations, a retail payroll software helps you determine your employees’ gross pay — which includes any sales commissions they earn — and automatically deducts any withholding to determine their net pay.

Why is payroll software important for retail businesses?

Retail payroll software is important to retail businesses as it helps owners and managers save a lot of time, effort and errors associated with manually processing payroll., especially when they already have a growing to-do list. And if your employees work on commission, an effective payroll software can reduce the hassle that comes with determining each employee’s gross commission on payday.

How do salaries differ in the retail industry?

Similar to the restaurant industry, Labor shortage and high turnover This is a common problem in the retail world, making it challenging to account for constant employee time and wage changes in the payroll process. And because retail business owners often pay customer-facing retail workers hourly wages and sales commissions, the risk of payroll errors increases because of variable week-to-week and month-to-month earnings.

What to look for in retail payroll software

An effective retail payroll software should be an all-in-one solution that takes care of everything you need in your payroll process from start to finish. It should:

  • Instantly sync with your time tracking tools. When employees are on the clock, your retail payroll software should immediately calculate pay rates, hours, breaks, overtime and PTO, and then update your timesheets to prepare for payroll.
  • Allow employees to fill and e-sign tax documents during onboarding and sync with their payroll, So you don’t have to rush people to find out their tax status or get their signature.
  • Automatically convert hours to wages and withhold federal and state taxesSo you don’t have to do the math yourself.
  • Pay employees via direct deposit and file your taxes for you So you never pay employees late or incur tax penalties.
  • Include mobile team communication features To send salary related notes and important information. Homebase’s app even confirms when employees have seen the latest updates

Top 5 Retail Payroll Software Services

If you’re the owner or manager of a small retail business running a do-it-yourself payroll operation and aren’t sure where to start researching your software options, this short list of top-rated solutions is for you.

1. Homebase

Source: https://joinhomebase.com/

Caption: Homebase Timesheet automatically calculates hours in wages for payroll

Homebase is a universal people management software for small business owners working across industries and we have tools for scheduling, hiring and onboarding, time tracking, payroll, team communication and HR and compliance. Best of all, you can manage everything from our mobile app.

  • Best for retail owners looking for an all-in-one solution for their growing retail business. Homebase not only provides solutions for scheduling, recruiting, onboarding and more Small business payroll — Our suite of tools sync together to streamline the entire process — from onboarding new hires to sending their first direct deposit.
  • Helps you stay compliant. We know retail owners aren’t HR or compliance experts, which is why our payroll features can calculate, pay and file your taxes for you.

Source: https://joinhomebase.com/

Caption: Employees can access their pay stubs on Homebase’s mobile app

2. Distant

Source: https://remote.com/platform/run-payroll

Caption: Remote HR software lets you run payroll for an international team and keeps you compliant with international payroll laws.

Remote is an HR management software with international payroll, benefits, tax and compliance features, and they offer solutions for both small and large businesses.

  • Best for dealing with international contractors or remote workers. Hiring a remote team is a great option for retail owners who need to outsource or work with international teams or remote suppliers outside their local area.
  • There are specific features for managing employee benefits, bonuses and other incentives. If you want to offer your new retail employees a competitive recruitment package, remote can help you make part of your offer during the onboarding phase.

3. Pekar

Source: https://www.paycor.com/hcm-software/payroll-software/

Caption: Paycor gives you detailed insights into your payroll data and analytics

Paycor is a human capital management (HCM) solution offering dedicated tools for HR and payroll, talent management, workforce management, employee experience and benefits administration.

  • Best for retail owners who want to dig into business analytics. Paycor lets you build custom dashboards so you can make more effective, data-informed decisions.
  • Their products emphasize a seamless transition. Paycor cares about making the onboarding experience of their customers smooth and pleasant and they have even created their own implementation method: Guide (Collect, Understand, Import, Distribute and Evaluate) To facilitate that process.

4. Patriotic pay

Source: https://www.patriotsoftware.com/payroll/

Caption: Patriot lets you run payroll in three minutes and in three easy steps

Patriot Payroll offers payroll, time and attendance tracking, and HR features, and Patriot also offers accounting software as a standalone solution for businesses of all sizes.

  • Best for retail owners on a small budget who only need tools for payroll and tax solutions. With their affordable, full-service payroll plan, you can file your federal, state, local and year-end payroll taxes in addition to their basic payroll tools.
  • You can run payroll in three minutes. Patriot has distilled its payroll process into three simple steps to save you as much time as possible, which can be especially useful as you hire more employees and scale your business.

5. Cake

Source: https://www.keka.com/payroll-software

Caption: Keka lets you track employee time and payroll information from their mobile app

Keka is a people enablement software with tools for Payroll & Expenses, HR, Performance & Culture, Recruiting & Onboarding, Project Timesheets and Time & Attendance.

  • Best for retail owners looking to hire salaried employees such as managers or supervisors. Keka’s software can guide you through the compensation planning process so that even professionals without a finance background can ensure they are competitively positioned and paying employees according to industry standards.
  • Preview your payroll report before paying employees. Keka lets you double-check your reports before paying employees so you can make sure your calculations are correct.

Check out the Top 5 Retail Payroll Software*

*As of July 2022

Mobile application? Contact the mobile team? Mobile time tracking? Scheduling tools? Recruiting and onboarding tools? Automatic tax withholding and filing?
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Let Homebase simplify your retail payroll

There are payroll solutions for every type of industry and every size business, but not all of them have all your small retail business needs in mind.

Or they may have the features you need but come at a high monthly cost, which can be difficult to manage for a growing business.

home based Striking the perfect balance for our small business customers through affordable pricing – Far below the $150 – $300 per month range you’ll see for most paid software – and offers everything you need in one place. After all, everything can be managed from your computer And Mobile phone.

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