Best Restaurant Payroll Software of 2021

What Is Restaurant Payroll Software?

Restaurant payroll software makes it easier for cafes, restaurants, and other eateries to manage their payroll needs. Paying employees takes a lot of time and effort when done on a manual basis. Many restaurants choose to utilize payroll software to get the job done more accurately and faster. While not all payroll software is created equally, many software options have similar features that make it simple to take care of payroll and tax matters and better manage employee benefits.

Without the use of this kind of software, restaurant owners and managers may find they waste a lot of time handling payroll affairs. They may also find that they make costly mistakes and errors that only create more problems later on. Using restaurant payroll software can benefit the restaurant and its staff members. It can also help to ensure that payday is never forgotten.

Benefits of Restaurant Payroll Software

There are many ways in which restaurant payroll software can make running and managing payroll a lot easier. Here are some of the advantages that can come with using this kind of software:

• Save time: There are only so many hours in the day. Using payroll software can allow payroll to be processed much faster so that busy restaurant owners and managers can get back to handling other work-related tasks.
• Improve accuracy: Making mistakes when handling payroll matters is not only frustrating and stressful but it can be costly. Using restaurant payroll software can help restaurants improve payroll and tax accuracy so their employees are always paid correctly and on time.
• Better payroll records: Using restaurant payroll software can also improve payroll records. Restaurant owners will have neat and detailed records of all payroll. Much of the software options out there include excellent, detailed reporting tools to make running reports easy and quick.
• Save money: When using this kind of software, restaurants can also save money. They won’t have to hire an outside accountant or payroll professional to manage their payroll needs. Instead, they can take care of it all themselves.
• Improve data security: Using payroll software can also help restaurant owners keep important and private employee and payroll data safe and secure.

Must-Have Features of Restaurant Payroll Software

While many restaurant payroll software options have similar options, not all do. Here are some features to look for when comparing restaurant payroll software options:

• Payroll management: It should be easy to manage all aspects of payroll and to look back at past payroll details.
• Benefits management: In addition to paying employees for their time and work, you’ll want to keep proper track of their benefits and make sure they’re getting the benefits you owe them. Payroll software that includes benefits management tools makes this easier to do.
• Direct deposit: Payroll software that supports direct deposit makes things more convenient for you and your employees.
• Check printing: Not all employees will want to use direct deposit, or they may not have a bank account. Using software that includes check printing capabilities is recommended because it gives employees options.
• Tax management: It should be easy to manage payroll taxes, too. Many restaurant payroll software options include tax management tools to keep proper track of taxes taken out and paid as well as to improve accuracy.
• Self-service portal: Using payroll software that includes a self-service portal is convenient for your employees. They’ll be able to check their pay stub details, have access to tax forms, and look at other important data.

The Cost of Restaurant Payroll Software

The cost of restaurant payroll software varies. In many cases, it depends on the features and capabilities that are offered, as well as the size of the company or the number of employees who will be getting paid.

Most restaurants can expect to pay at least $25 per month for this kind of software. In addition to this monthly base cost, many restaurant payroll software companies charge an additional per-employee rate each month. For example, a company may charge $4 per employee each month. Figure out your team size and your needs before choosing a software option to help cut down on wasted money.

Some software companies also charge check processing or direct deposit fees. It’s always a smart idea to carefully look into price details to make sure you’re aware of any hidden fees. The bigger your team and the more payroll you need to handle, the more you’ll need to pay overall. Luckily, there are some affordable restaurant payroll software options out there.

Most companies offer a free demo of their software. Some companies even offer a free trial.