For many companies, payroll adds up to be one of the largest expenses. According to Deloitte, Fortune 500 companies’ payroll accounts for between 50% and 60% of annual company spending. Thus, ensuring payroll is accurate, compliant, and efficient is a priority for many companies with between 75 and 6,000 employees. To achieve this, many companies turn to payroll software to streamline the process. With many options on the market, weighing the choice of ADP vs QuickBooks payroll can be a difficult decision. Let’s dive into the software solutions so you can make the right decision for your HR department.
Both platforms are trusted by millions of companies to handle payroll and offer similar basic features–enabling companies to calculate, file, and deposit payroll taxes. This is about where the similarities end. For example, even though QuickBooks payroll offers integrations, these options are limited to QuickBooks Online. In contrast, ADP offers a wide suite of integrations that can add additional capabilities to enhance recruiting and increase benefit availability. Additionally, QuickBooks only supports payroll for up to 150 employees, while ADP can be a good choice for companies with more than 50 employees.
Is QuickBooks the Right Choice?
When evaluating ADP vs QuickBooks payroll, start by evaluating your headcount. QuickBooks is better suited for small businesses. As a company starts to grow, it can easily reach QuickBooks’ 150-employee payroll threshold, requiring companies to switch to another provider. To play it safe, companies with a high growth potential may benefit from choosing ADP Workforce now as their payroll processing platform. Additionally, QuickBooks payroll doesn’t offer advanced reporting or accounting capabilities, which also makes QuickBooks a better choice for small companies.
Should You Choose ADP?
ADP is a great choice for companies looking for a payroll platform that offers customization and scalability. Useful integrations with HR and benefits, a mobile app for employees, and more make ADP an adaptable platform. With ADP, companies also can benefit by saving an average of twenty-two minutes per payroll; time that adds up and can be dedicated towards more strategic initiatives. ADP also offers features that enable HR departments to more effectively recruit new talent. This includes job postings, background checks, and salary benchmarks to make competitive job offers. As a result, companies can effectively fill positions with the most qualified talent for the role.
Making a Switch
After weighing the pros and cons of ADP vs QuickBooks payroll, deciding to switch payroll platforms is a major decision. To ensure the new platform is configured correctly with all the necessary data and integrations, working with an HR outsourcer can streamline the process and set you up for success.
With a partner like Corban OneSource, who has 27 years of experience designing and implementing HR solutions that increase accuracy and timeliness, and reduce compliance risk. When working with Corban OneSource, we’ll work with you to build ADP Workforce Now API Software Packages to build your payroll infrastructure. Contact our team today to learn more about how we can help you.
