Doing payroll in Excel is best for businesses that need to pay 10 or fewer employees and operate in states without complex labor and tax laws. With our free payroll Excel template, you can save time and process payroll efficiently because it contains pre-filled information like tax rates and overtime formulas.
If payroll is still taking too much time, or if you’ve outgrown a spreadsheet, consider using a small business payroll software like Gusto. It automatically files new hire paperwork, calculates and files payroll taxes, generates year-end W-2s and 1099s, and pays via direct deposit. It even helps employees choose and manage their benefits. Sign up for a 30-day free trial today.
