BooksTime accounting

Each year we process tens of billions of dollars of payroll and provide employee benefits—like health insurance and 401 accounts—while helping companies create incredible work places. BooksTime is also a good fit for businesses that would like administrative management for employee health and retirement benefits, or that are looking for easy access to human resources tools.

Employee wages, and paid taxes are automatically reflected in your financial reports for smarter business decisions. The BooksTime Help Center is accessible directly from the payroll dashboard and includes a searchable knowledgebase as well as access to a variety of payroll related categories. A FAQ page is available as are detailed instructions on payroll setup.

That program is riven with technicalities and administrivia though. BooksTime believes its new offering will help more small businesses create these kinds of programs. Reeves said that “This is a future that just seems inevitable, like all this information right now is sitting in silos.

How much is BooksTime monthly?

Starting at $45 per month, BooksTime is available in three plans: Core ($39/month + $6 per user/month), Complete ($39/month + $12 per user/month), and Concierge ($149/month + $12 per user/month). Visit to learn about each plan!

Determining whether or not you shouldoutsource accountingis a question most small businesses consider. As your business grows, the accounting work will become more complex and time-consuming. Both BooksTime and Rippling work well for startups and small businesses, providing an easy and efficient payroll system. The platform will manage your employee’s offer letters, I-9’s, health insurance, time off, and more. Glassdoor is a website where employees and former employees anonymously review companies and their management.

BooksTime Taxes And Integration

From our Starter plan, get transaction details every time you run payroll. With Smarter or Sophisticated, your entire team can track hours in ZipBooks, seamlessly syncing time entries with BooksTime for one-click payroll. BooksTime offers a good selection of reporting options including summary reports, payroll history reports, contractor payment reports, and custom reports. Reports available include an Employee Summary report, a Year-to-Date report, a Payroll Journal, a Benefits report, and Contractor Payments, with all tax-related reports available well.

What is the BooksTime?

1a : an individual or special taste different BooksTimees. b : enthusiastic and vigorous enjoyment or appreciation described the adventure with great BooksTime. c : vitality marked by an abundance of vigor and enthusiasm could not match the BooksTime of their competitors.

All you need to do is create the payroll information that will be used for each payroll, enable AutoPilot, and you’re all set. Though BooksTime features are certainly robust enough for mid-sized businesses, pricing can be prohibitive for businesses with more than 20 employees.

Next day direct deposit is available for those that don’t want to fund payroll days in advance, and all payroll taxes are handled by BooksTime, with local, state, and federal payroll taxes automatically filed and paid. In addition, the product also issues year-end W-2s and 1099s, and stores I-9s online for compliance purposes. BooksTime’s easily navigated dashboard offers access to all payroll retained earnings balance sheet functions from the vertical menu found to the left of the screen. The dashboard displays handy reminders such as a to-do list as well as anything items of note that are upcoming in the next week. A search option makes it easy to locate a particular employee and for those running payroll for multiple clients, access to all clients is available directly from the dashboard.

Software Features

If you have only salaried employees who use direct deposit and you’ve already run the desired payroll once, BooksTime will just handle it for you. After you’ve saved the data on those two screens, BooksTime calculates your payroll run and displays a terrific preview outlining what’s about to happen. You can see the total payroll along with the debit amount and date. The tables below this information display lists of what gets taxed and BooksTime debited, employee earnings and take-home pay, and your company contributions. You can open a huge, all-encompassing table of that payroll run’s data, which you can downloaded as a CVS or PDF file. This is the best payroll preview page I’ve seen among the sites I’ve reviewed. A second screen is required for recording time off; many competitors handle this on the same screen as other pay items, which is slightly more convenient.

BooksTime accounting

It continues to provide excellent support for the complicated tasks it enables. As part of the core payroll product, BooksTime offers employee onboarding . Separately, BooksTime offers employee health insurance, dental insurance, and vision insurance enrollment and administration. In addition, BooksTime offers other employee-benefit and related products through third parties, including 401K and workers’ compensation insurance. Includes all payroll features, employee accounts and profiles, health benefits and workers’ comp administration, expert support. Our mission is to provide easy to use, no-nonsense software that is scalable for growing companies to manage not only finances, but day to day operations. BooksTime offers good reporting options, including a complete payroll journal, year-to-date employee earnings, an employee summary, a benefits report, a contractors report, and time-off balances.

Other Payroll Software

If you do choose to create custom mapping for individual employees, the number of custom maps will appear in that employee’s row after you save, as seen below. This screen is for mapping out all the accounts from your payroll system for when BooksTime imports that data.

This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. If you want to add a BooksTime accounting subscription to your payroll platform, plans start at $25 per month for Simple Start and range up to $150 per month with Advanced. Both BooksTime and BooksTime Payroll offer their three plans on a subscription basis, meaning you’ll pay a monthly base fee, plus a monthly per-person fee, which will depend on how many employees you add to the system. Connect BooksTime Payroll to BooksTime Online, as well as other BooksTime tools like TSheets, 1099 service and more.

  • The most interesting one here is a tool the company is calling BooksTime Wallet.
  • If processing payroll for multiple clients, each client can access their payroll data through an assigned portal, where they can enter employee time data and access payroll related reports and tax information.
  • This plan does not offer local tax payments and filings or automatic filings for new hire reporting.
  • per pay period as opposed to BooksTime’s flat monthly charge which means you’ll pay more if you pay people more than once per month.
  • Other partners include Good Cents Bookkeeping in Briarcliff Manor, New York, where owner Justine Lackey had her entire team certified, and Nayo Carter-Gray, owner of 1st Step Accounting in Towson, Maryland.

If you’re paying contractors only, you can skip the monthly base fee—BooksTime’s contractor plan costs $6 per contractor paid per month. And if your business qualifies for the Federal R&D tax credit, which benefits small and midsize businesses that invest in research and development (R&D), BooksTime has your back when you file a claim for the credit. If we’re being frank, those benefits aren’t quite enough to compensate for the $12-per-employee fee. BooksTime’s benefit add-ons are available most places, but not everywhere. Depending on where you live, if you want to bundle BooksTime health plans with payroll, you could be out of luck. BooksTime’s clear interface, affordable pricing, and full spectrum of tax filing assistance also ensure you have more time for your business while worrying less about potential payroll mistakes. BooksTime recently added a $19/month plan geared towards small-business owners with one or two employees.

This means that it’s super easy to train new users on, whether it be new hires or clients who want to have more of a hands on approach with their payroll. BooksTime and BooksTime Payroll may do similar things, but they do them in dramatically different ways. While they are both online payroll solutions, they serve different purposes. BooksTime’s offering is an extension of BooksTime and as such isn’t primarily designed for use with another resource.

The course shows an accountant how to apply skills such as building an organizational chart or survey in their work with clients. “They’ll learn to analyze the ‘people story’ that the numbers tell, so they can lead discovery about teams, and recommend practical tools and resources to help clients manage the employee journey,” said Anku. BooksTime believes the skills gained through its People Advisory Certification will enable accountants to support their small business clients through the pandemic and after the pandemic to keep their business afloat. BooksTime, a provider of payroll, benefits and HR technology for small businesses, is making a push to sign up more accounting firms as partners and earn its People Advisory Certification. Kathy Yakal has been writing about PC applications since 1983, when she joined the editorial staff of COMPUTE! She began specializing in financial solutions in 1989, writing a newsletter for CPAs who were exploring the use of personal computers in their firms.

BooksTime, on the other hand, is its own extensible payroll platform designed from the ground up to be cross-compatible, permitting it to sync easily with any accounting software. Basically, if you’re a BooksTime user, or you use anything other than BooksTime, BooksTime Payroll is probably not for you. Share access to your latest business numbers with us – so everyone is up to speed. At, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. Unfortunately, BooksTime still doesn’t have a payroll app, which makes it harder for employers to run payroll on the go. However, since BooksTime is a cloud-based payroll service, you can access your BooksTime dashboard from any web-enabled device—the platform will just look a little more awkward than it would on a BooksTime payroll app.

Providing state tax details can be an especially complicated process, so BooksTime adds helpful explanations and links to help for this section. When both employee and employer have completed their portions of the employee records, the result is impressive. Job & Pay displays employment details like status, compensation, payment methods, and taxes.

You enter any regular and overtime hours and then any additional pay items necessary—commission, bonus, reimbursement, and other earnings . You enter some of these directly on this page, but you have to open a new window for others (you can add these earnings types to employees’ records so that they appear on the payroll screen by default). You can also toggle between direct deposit and paper checks, and you can write a personal note if you wish. If you’re unsure of anything, save your data and come back to it later. Only SurePayroll offers a similar ability to save and come back to a payroll run later. Benefits administration is standard on all of the payroll websites we’ve reviewed, but some sites go farther than others in this area. If your company has existing benefits providers, you can transfer their management to BooksTime, which simplifies payroll deductions and eliminates the need to use multiple platforms and support teams.

How Does BooksTime Compare To BooksTime Payroll?

Garnishments and custom deductions also appear here, as do links to pay stubs. The Personal screen contains data like social security number, birthday, address, and emergency contact.

BooksTime accounting

Inside your Aplos account, click on the ‘Fund Accounting’ section, then click on ‘Payroll’. This will take you to Aplos’ BooksTime page, where you can either sign up for a three month trial, or you can log into your existing BooksTime account and integrate it with your Aplos account. We use analytics cookies to ensure you get the best experience on our website. You can decline analytics cookies and navigate our website, however cookies must be consented to and enabled prior to using the BooksTime platform. To learn about how we use your data, please Read our Privacy Policy.

Unlimited chat, email, and phone support are available should you need help. BooksTime Core is comparable with most of the competition in terms of price, though Patriot Software is much cheaper, offering a Basic version for $10 per month, plus $4 per month per employee or contractor . BooksTime Payroll ranges from $45 to $125 per month plus employee fees. cash basis vs accrual basis accounting Its top level isn’t as expensive as BooksTime’s, though BooksTime is less expensive at the Core level. If you buy through affiliate links, we may earn commissions, which help support our testing. If you’re unable to complete the challenge, please take a screenshot of this page and email it to our Security team at security- We’ll do our best to figure it out.

Beautifully Simple Accounting Meets Refreshingly Easy Payroll

Moreover, whereas BooksTime doesn’t charge fees for multiple state tax filings , BooksTime will charge $12 per month for each additional state filing you require. All of this being said, BooksTime also offers a one-month free trial of their payroll service and there is no long-term contract. As you can see, in comparison to BooksTime’s Core plan, the Core plan from BooksTime Payroll is almost solely focused on payroll processing and doesn’t include as many other HR-related services. This being said, however, perhaps the most notable feature that BooksTime Payroll offers that BooksTime does not is next-day direct deposit. All direct deposit payroll with BooksTime is processed on a four-day or two-day timeline. Federal and state taxes are calculated, filed and paid automatically.

Our other top pick is OnPay, whose strong blend of payroll and HR tools, combined with a beautiful, understandable user experience, make it a versatile solution for larger outfits and verticals. Most payroll services calculate taxes due and submit them, though Patriot Software offers a low-cost subscription level ($10 per month) that doesn’t include automatic submission of filings and payment . This is a tremendous service, since calculating and tracking payroll taxes is a Herculean task, one which can easily contain errors. BooksTime supports a greater variety of benefits than any other product I reviewed. Of course it offers standard retirement plans as well as medical, dental, vision, life insurance, and disability coverage. But the site goes well beyond that, covering everything from commuter benefits to charity matching to gym & fitness to cell phones.

BooksTime accounting

BooksTime offers toll-free support during regular business hours, with both email and chat support options available as well. Accounting firms using BooksTime will also be assigned their own dedicated account representative at no additional cost. BooksTime offers integration with a variety of time tracking applications including TSheets, When I Work, Homebase, Deputy, and TimeTracker. In addition, BooksTime also integrates with popular accounting software applications such as BooksTime, BooksTime Desktop, BooksTime Online, ZipBooks, BooksTime, Aplos, and Autobooks. BooksTime automates both the payroll and tax filing processes, with employee setup handled directly by the employee, and the application supports contractor pay as well. Payrolls can be automated, with users only needing to make any changes or additions when necessary.

But if you worry a lot about compliance and could benefit from a dedicated team of experts, plus a direct line to customer service, Concierge might do it for you. But if your worker base is growing and you need more robust HR assistance, you should probably upgrade to the Complete plan—which, unfortunately, is quite a bit more expensive. Users also tend to praise BooksTime’s customer service even though they’re available only on weekdays from 7 a.m. And again, in the age-old comparison of BooksTime vs. BooksTime BooksTime, BooksTime has substantially lower ratings even though they have longer service hours. While BooksTime is no longer offering 50% off its cheapest plan, it is offering one month free for new customers. Compare online loan options for funding and growing your small business. Each of these plans includes the corresponding features mentioned above.