Do you find manually running payroll in your small retail business time consuming and stressful? yesyou are in the same boat 70% of small business owners find payroll and tax calculations adding a significant burden to their workload. To relieve some of that stress, it may be time to turn to retail payroll software.
Because as your business grows, payroll becomes a bigger burden.Without HR support Sticking to manual systems can be a recipe for disgruntled employees, late paydays, time tracking errors, and wage miscalculations. 15% In addition to what you owe for the month.
A user-friendly retail payroll software that can run payroll instantly and provide automatic, error-free calculations is the best way to avoid these risks. So let’s talk about the most important features of the retail software. And what they can do for your business. We also provide a side-by-side comparison of some of the highest-rated retail payroll software solutions available.
What is Retail Payroll Software?
Retail payroll software is a technology-based payroll solution that allows you to automate the payroll process to pay your employees more efficiently and with fewer errors. Without the need for manual calculations, our retail payroll software lets you know your employees’ gross wages (including sales commissions earned by your employees) and automatically deduct tax withholdings to determine net wages can.
Why is payroll software important for retail?
Retail payroll software is important for retail businesses as it helps owners and managers save a great deal of time, effort, and errors associated with manually processing payroll., especially if you already have an ever-expanding to-do list. And if your employees work on a commission basis, having an effective payroll software can save you the hassle of calculating commissions on each employee’s gross wages on payday.
How is payroll different in the retail industry?
As in the food service industry, Labor shortage and high turnover rate A common problem in the retail industry, it is difficult to account for constantly changing employee hours and wages in the payroll process. And because retail operators often pay hourly wages and sales commissions to customer-facing retail workers, weekly and monthly earnings fluctuate, increasing the risk of making mistakes during payroll.
What to look for in a retail payroll software
An effective retail payroll software should be an all-in-one solution that handles everything your payroll process requires from start to finish. it should:
- Syncs instantly with time tracking tools. As employees clock in, retail payroll software instantly calculates wage rates, hours worked, breaks, overtime, PTO, and updates timesheets to prepare for payroll.
- Enable employees to fill out and e-sign tax forms during onboarding and sync them with their payroll. So you don’t have to track people down to check their tax status or get signatures.
- Automatically convert hours to wages and withhold federal and state taxesso you don’t have to calculate it yourself.
- Pay employees by direct deposit and file taxes on your behalf So there are no late payments to your employees or tax penalties.
- Include mobile team communication features To send you payroll notes and important information. Homebase’s app sees 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 doing your own payroll and don’t know where to start researching software options, this short list of top-rated solutions is for you.
1. Home base
![](https://joinhomebase.com/wp-content/uploads/2022/12/c9s87d89s7f98d.png)
Source: https://joinhomebase.com/
caption: Home-based timesheets automatically calculate hours on payroll wages
Homebase is an all-in-one talent management software for small business owners working in a variety of industries, with tools for scheduling, hiring and onboarding, time tracking, payroll, team communication, HR and compliance. . Best of all, you can manage everything from your mobile app.
- Perfect for retail store owners looking for an all-in-one solution for their growing retail business. Homebase offers scheduling, hiring, onboarding, and small business salary — Our suite of tools is in sync to streamline the entire process, from onboarding new employees to sending the first direct deposit.
- Helps you stay compliant. We know retailers are not HR or compliance experts. So you can calculate, pay and file taxes with our payroll function.
![](https://joinhomebase.com/wp-content/uploads/2022/12/ldjsio8sd97sd90089ds.png)
Source: https://joinhomebase.com/
caption: Employees can access payslips on Homebase’s mobile app
2. Remote
![](https://joinhomebase.com/wp-content/uploads/2022/12/cs9d89cds90cd-.png)
sauce: https://remote.com/platform/run-payroll
caption: Remote’s HR software allows you to run payroll for your international team and stay compliant with international payroll laws
Remote is human resources management software with international payroll, benefits, tax, and compliance features, offering solutions for both small and large businesses.
- Perfect for anyone dealing with international contractors or remote workers. Hiring a remote team is a great option for retailers who have to outsource or work with international teams or remote suppliers outside their region.
- Dedicated features for managing employee benefits, bonuses, and other incentives. If you want to offer your new retail employees a competitive hiring package, Remote can help make that part of your offer during the onboarding stage.
3. Paycall
![](https://joinhomebase.com/wp-content/uploads/2022/12/cds098c9s0c8ds90.png)
sauce: https://www.paycor.com/hcm-software/payroll-software/
caption: Paycor provides detailed insight into payroll data and analytics
Paycor is a Human Capital Management (HCM) solution that provides purpose-built tools for HR and Payroll, Talent Management, Workforce Management, Employee Experience and Benefits Management.
- Perfect for retailers looking to delve into business analytics. Paycor allows you to create custom dashboards so you can make better, data-driven decisions.
- Emphasize seamless transition to product. At Paycor, we care about making the customer onboarding experience smooth and enjoyable, so we created our own implementation: GUIDE (collect, understand, import, deliver, evaluate) to facilitate that process.
4. Patriot Payroll
![](https://joinhomebase.com/wp-content/uploads/2022/12/c9ds08c90sc8s90d.png)
sauce: https://www.patriotsoftware.com/payroll/
caption: Payroll can be done in 3 easy steps in 3 minutes or less with Patriot
Patriot Payroll provides payroll, time and attendance tracking, and HR functionality. Patriot also offers accounting software as individual solutions for businesses of all sizes.
- Perfect for retailers on a tight budget who just need tools for payroll and tax solutions. Our affordable, full-service payroll plan lets you file federal, state, local, and year-end payroll taxes in addition to basic payroll tools.
- Payroll can be run in 3 minutes or less. Patriot wraps the payroll process into 3 easy steps to save you as much time as possible. This is especially useful when hiring more employees to expand your business.
5. Keka
![](https://joinhomebase.com/wp-content/uploads/2022/12/cds897cs89c7d89s.png)
sauce: https://www.keka.com/payroll-software
caption: Keka lets you track employee hours and salary information from a mobile app
Keka is talent assistance software with tools for payroll and expenses, human resources, performance and culture, hiring and onboarding, project timesheets, and time and attendance management.
- Perfect for retail store owners who want to hire office workers such as managers and supervisors. Keka’s software guides you through the compensation planning process so even professionals without a financial background can stay competitive and ensure you’re paying your employees according to industry standards.
- Preview payroll reports before paying your employees. Keka lets you double-check your reports before you pay your employees, so you can be sure your calculations are accurate.
See the top 5 retail payroll software side by side*
*As of July 2022
mobile app? | Mobile team communication? | mobile time tracking | scheduling tool? | Hiring and onboarding tools? | Automatic withholding and filing? | |
home base | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
remote | ✔ | ✔ | ||||
pay call | ✔ | ✔ | ✔ | ✔ | ✔ | |
patriot salary | ✔ | |||||
Keka | ✔ | ✔ | ✔ |
Simplify retail payroll with Homebase
There are payroll solutions for every type of industry and every size business, but not all solutions keep all the needs of small retail businesses in mind.
Or it may have the features you need, but the monthly fee is high and difficult to manage for your growing business.
home base Affordable and strikes the right balance for small business customers — Far below the $150-$300/month range found in most payroll software, it gives you everything you need in one place.Best of all, you can manage everything from your computer and mobile phone.