Many companies outsource services to carry out administration tasks such as payroll, employee compensation, time and attendance, tax filing, insurance and benefits, and many more. However, outsourcing may be costly in the long run, especially for new and small businesses with less capital.
While these menial tasks are not complicated, it does take a lot of time and effort to record all the detailed activities. It makes more sense to have someone else do the job so business owners can focus more on growing the business.
This is where payroll software comes into the picture. Payroll software can be helpful for small businesses to handle in-house administrative tasks.
Payroll software hosts a wide variety of benefits for business owners including:Â
đź’ˇ Tips: Want to automate your invoice payments say goodbye to manual invoicing for good? Try it out with Aspire Bill Pay.
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There are many payroll software solutions available in the market. However, determining which is best for your business can be overwhelming. We have created a list of popular payroll software in Singapore and their prices, including ones that are completely free, as a guide to help you navigate your options.
QuickBooks is an accounting software business primarily providing tools to help small businesses with all their accounting needs. Their range of products focus on on-premise accounting applications that allow users to make business payments, manage and pay bills and various payroll functions all in a single platform.Â
*last updated March 2021
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đź’ˇ Tips: Did you know that you can connect your Aspire account with QuickBooks? Through this integration, users can manage invoicing, expense tracking, and accounting in one place.
If you own a small business, this may just be the ideal accounting software for you. Xero is a cloud-based accounting software geared towards helping small businesses thrive in their communities. With over 2 million subscribers and counting, Xero continues to be the accounting solution of choice for many global companies.Â
*last updated March 2021
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P.s. Did you know? Aspire became Xero’s first business neobank partner in Southeast Asia. Xero in on How You Can Grow Your Business with Aspire here!
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PAYDAY Software is a leading cloud-based online payroll and leave solution in Singapore. It was developed and designed for startups, entrepreneurs, business owners or accountants who have little or no experience in handling payroll. Moreover, it is most suitable for Singapore SMEs with fixed monthly payroll policies and less than 50 employees in their employment.
While they have various pricing packages based on the number of employees, they also offer a 30-day free trial to try out their features before committing to a monthly package.Â
*last updated March 2021
JustLogin is an award-winning HR management software built for SME, by an SME. With an intuitive and user-friendly interface, users can access their company records easily and complete multiple functions in just a few clicks. For those who don’t want to commit just yet, JustLogin provides a free 14-day trial with no credit card details required. But if you’re ready to take the plunge, they have various pricing options that will cater to your budget.Â
*last updated March 2021
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SimplePay provides cloud-based payroll software solutions aimed at making the payroll process as simple and straightforward as possible. Currently, they are serving over 16,000 companies across the globe for their payroll processing needs.Â
*last updated March 2021
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Talenox is a credible online payroll and HR software that is trusted by thousands of companies, banks, as well as statutory boards in the country. Through their cloud-based payroll system, users can access a wide range of functions such as one-click payment to banks, spreadsheet imports, and automated paycheck emails to employees.Â
*last updated March 2021
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Singroll is a free payroll software that provides its users with itemised payslips and SME checklists and is considered to be one of the country’s best due to its affordability. Today, their software is being used by over 4,000 companies in Singapore alone. What’s more, is that there is an unlimited number of users and no grant application needed.Â
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A lot of your time can be used to planning and growing the business instead of doing administrative tasks. Subscribing to a cloud-based payroll software can be very helpful in managing all the paper works for you. Find out the 3 things to consider when you're looking for cloud-based HR Software here.
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đź’ˇ Tips: Aspire users can exclusively receive 1% cashback on SaaS spend. Open an account to get started!
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Instead of spending time on hefty administrative tasks, make the shift and tap into digital solutions such as payroll software to eliminate manual work once and for all. Not only will it help manage all your paperwork for you, but it will save you heaps of time that you can put towards planning and growing your business. To learn more, explore Aspire's pricing plans here.