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Cost savings: Payroll software can run your small business anywhere from $20 to upwards of $200 per month.

Here are the pros and cons of running payroll manually. In any other scenario, you’re better off enlisting software’s help. If your business has just a couple of employees, and you’re intimately familiar with payroll tax rules, you might be a good candidate for running payroll manually. Most business owners should leave the number crunching to software or an expert, but some small business owners prefer to run payroll by hand to save money.

Manual payroll means calculating and cutting employee paychecks without software or a payroll specialist’s help. When does it make sense to run payroll by hand? Let’s talk about the difference between running payroll by hand and using software and when it’s time to make the switch. However, it’s hard to find a good reason to keep doing payroll by hand in a time when payroll software is affordable, secure, convenient, and accurate. I made my own Microsoft Excel template that tracks my income, spending, and investments in lieu of more high-powered applications. Software helps small businesses work more efficiently, but it’s not the best solution in every case.įor example, I don’t use software to keep my personal budget.