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SmartPayroll assists small to medium sized businesses in managing their entire payroll process, ensuring employees and contractors are paid correctly and on time.
In this guide we'll cover the key features and costs, as well as the benefits and drawbacks of SmartPayroll's software in order to help you decide if it's the right choice for your business.
Launched in New Zealand in 2004, this payroll software company aims to deliver accurate and up-to-date remuneration tools and support via its automated payments system. SmartPayroll works with over 10,000 clients across Australia and New Zealand.
SmartPayroll utilises two mobile apps – one for the business and one for its staff. Business owners can implement set-and-forget pay runs which will automatically deliver payments to employees, the Australian Taxation Office (ATO), superannuation funds and more.
You can also approve leave and a relatively new feature allows employers to track specific project hours and associated labour costs. The employee app manages time sheets, maintains leave balances and retains payslips.
The SmartPayroll team also provides free one-to-one training to assist companies in setting up their new software and will perpetually offer troubleshooting support.
For monthly employee payments, business owners pay $3.50 per person per summary. If you were to pay employees fortnightly the fee would increase to $7.58, while weekly payments are charged at $15.17 per summary. There's an ongoing service fee of $30.00 per month, plus a one-off setup fee of $150.00 for up to 10 employees. If you have more than 10 payees, this fee may be higher.
Pros
Cons
If Smart Payroll Australia doesn't sound like a fit for your business, it's worth considering alternatives.
SmartPayroll is an efficient software solution for small to medium sized businesses. They process more than $2 billion annually, including payments from clients such as Bakers Delight, Allianz Global Assistance, The Coffee Club and Subway. Your business can benefit from a reduced paper trail, payroll reports, job costing analysis, security features, ongoing support and affordable fees.
Both the business owner and employee apps are easy to use and navigate and the Payroll Angels offer excellent customer service. SmartPayroll is ATO-compliant and has been used and/or referred by over 1,000 accountants and bookkeepers.
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