Xero Payroll Alternatives

Xero Payroll Alternatives

Xero Payroll is one of the most popular payroll solutions around, and for good reason. However, it’s not the only one. There are plenty of worthy solutions on the market today. And what might be the right fit for one business isn’t necessarily right for yours.

If you’re wondering where to start, don’t worry. We’ve done the homework to help you find the best option for you. Here are today’s top three payroll management software alternatives to Xero Payroll.

Worth a Look: Zoho Books

Zoho Books’ lengthy list of features includes time tracking and inventory management. And its ease of use makes it a great option if you don’t know anything about bookkeeping or accounting. Its client portal also allows for simple invoice delivery. The application provides vendor and customer management and integrates with multiple payment platforms.

Pros

• Includes a free plan (limited to companies with a revenue of <35K GBP per annum)
• Live chat and phone support with all paid plans
• Zoho Inventory integration for inventory tracking
• Mobile app that includes almost all accounting features

Cons

• Cannot track and manage fixed assets
• Professional plan required to track unpaid bills
• Restriction on how many invoices you can send
• Unable to manage more than one company

Pricing

• Free (limited to a single user)
• Standard: From £10/month
• Professional: From £20/month
• Premium: From £25/month
• Elite: From £85/month
• Ultimate: From £165/month

Runner-Up: QuickBooks Online

While originally designed with small businesses in mind, QuickBooks Online has expanded its customer base to include larger companies. The payroll solution provides numerous valuable features, including a simple setup, expense management, and bank connectivity. However, each version offers more features than the one before it. So you may need to pay more for the features you want.

Pros

• Allows you to track activity by location and class
• Live customer support
• Over 130 customisable reports
• Robust app for mobile users

Cons

• Number of users restricted
• Unable to compare estimated and actual project costs
• Each company file requires its own subscription
• Expensive when scaling

Pricing

• Self-Employed: £5/month
• Simple Start: £7/month
• Essentials: £12/month
• Plus: £17/month
• Advanced: £35/month

Winner: Onfolk

Onfolk is one of the more modern and dynamic payroll solutions on the market. But more than that, it also provides HR functions, making it a truly all-in-one platform. So if you want a powerful payroll solution designed to help HR as well as your finance team, Onfolk is a great tool to have in your arsenal. Features include automated and flexible payroll, self-serve onboarding, and custom reporting. Onfolk also integrates with some of the most popular online tools to expand its functionality even further. These include Wise, Slack, and Google Calendar. Book a free demo today and take one step closer to finding your next payroll solution.

Pros

• One-minute payroll
• Intuitive payslips
• An impressive range of integrations
• All-in-one payroll and HR software solution

Cons

• No support for international employees
• Fortnightly pay periods not supported
• No mobile app (the web app works on mobile devices, however)

Pricing

• From £8/month

Conclusion

Payroll software companies used to be largely restricted to big-name brands like Xero. But the game has changed, and you now have powerful options at your disposal. Yes, Xero remains a big player. But its features are limited compared to alternative options within a similar price range. Exploring the alternatives presented in this blog post might just lead you to a payroll solution that’s the right one for you at just the right time.