Streamline Your Finances: The Top Benefits of Using Online Bookkeeping Services for Small Businesses

Small business owners face numerous challenges when managing their finances, including staying organized, staying on top of financial reporting and tax deadlines, and finding the right tools to do so. However, online bookkeeping services have made these tasks much easier and more efficient. These services offer a range of benefits, including increased efficiency, accuracy, and cost savings, that can greatly benefit small businesses. This blog post will further explore these benefits and explain why every small business owner should consider using online bookkeeping services.

Increased Efficiency

One of the most significant benefits of online bookkeeping services is increased efficiency. With automated record-keeping and data entry, manual data entry and the risk of human error are eliminated. This allows small business owners to focus on growing their business instead of spending time on manual bookkeeping tasks.

Online Bookkeeping

Additionally, online bookkeeping services provide real-time access to financial information, giving small business owners a clear and up-to-date picture of their finances. This allows for faster decision-making and the ability to react to changes in the market quickly.

Finally, online bookkeeping services improve collaboration with team members and accountants. With everyone having access to the same financial information, communication and cooperation are streamlined, leading to a more efficient and effective bookkeeping process.

Increased Accuracy

Another key benefit of online bookkeeping services is increased accuracy. With the elimination of manual errors that can arise from manual data entry, small business owners can have confidence in the accuracy of their financial records.

Online bookkeeping services are also integrated with accounting software, which can further improve accuracy. This integration allows for real-time updates to financial records and automatic reconciliation, reducing the risk of discrepancies.

Automated financial reporting is also a significant advantage of using online bookkeeping services. With the ability to generate accurate financial reports on demand, small business owners can stay on top of their finances and make informed decisions. Additionally, the reconciliation process is automated, reducing the risk of manual errors and improving the accuracy of financial records.

Cost Savings

Finally, online bookkeeping services can result in significant cost savings for small businesses. Small businesses can save on salaries and benefits with the reduced need for in-house bookkeeping staff.

In addition, online bookkeeping services are typically less expensive than traditional accounting and software solutions. Small business owners can access a range of bookkeeping tools and resources at a fraction of the cost, making it easier to manage their finances on a budget.

Online Bookkeeping

Moreover, with the ability to automate many manual bookkeeping tasks, small business owners can save time and increase efficiency, freeing up resources to focus on other aspects of their business. The cost savings associated with online bookkeeping services make it a smart choice for any small business looking to streamline its finances and reduce costs.

In conclusion, the benefits of online bookkeeping services for small businesses are numerous and substantial. From increased efficiency and accuracy to cost savings and improved collaboration, these services offer a range of advantages that can help small businesses succeed.

By automating manual bookkeeping tasks, reducing errors, and providing real-time access to financial information, online bookkeeping services can help small business owners make informed decisions. The cost savings associated with these services make them an attractive option for small businesses looking to streamline their finances and reduce costs.

In today’s fast-paced business environment, it is more important than ever for small businesses to have efficient and accurate financial records. By considering online bookkeeping services, small business owners can stay ahead of the curve and set themselves up for success.…

Accounting And Bookkeeping Apps That Simplify The Process

The time is now if you have not yet transitioned to digital bookkeeping for your small business. The long list of benefits you will receive from accounting and bookkeeping apps includes:

  • More accurate records.
  • More easily accessible data.
  • Detailed insights on your finances.
  • More time to run your business.

Check out this article for some great options that you might have yet to think of.

What are accounting and bookkeeping?

Accounting and bookkeeping record, classify and summarise financial transactions to provide helpful information in business decisions. The information generated by accounting and bookkeeping is used in financial statements, which give an overview of a company’s financial health.

Accounting And Bookkeeping Apps

According to experts at GJ Walsh bookkeeping, there are many different accounting and bookkeeping apps available that can simplify the process. Some apps allow you to track expenses and income, create invoices, and manage your finances from one central location. Others offer more specific features, such as tax preparation or payroll management.

No matter what your specific needs are, there is an accounting or bookkeeping app that can help you save time and streamline your financial operations.

Why do you need accounting and bookkeeping apps for small businesses?

Small business owners know that every penny counts. Making informed decisions about your resources requires tracking your expenses and income. This is where accounting and bookkeeping apps come in handy.

There are a variety of accounting and bookkeeping apps available on the market, each with its unique set of features. But there are some essential features that all good accounting and bookkeeping apps should have.

To begin with, the app should make it easy for you to track your income and expenses. This way, you can see how much money you’re bringing in and where it’s going.

Second, the app should allow you to create invoices and manage payments. This will help you track who owes you money and when they need to pay up.

Third, the app should provide reporting features to see how your business performs over time. This information can be invaluable in making strategic decisions about where to invest your resources.

Finally, a good accounting or bookkeeping app should be easy to use. After all, if it’s too complicated or time-consuming to use, you will likely stick with it for a short time. Look for an app with a clean interface and straightforward functionality.

There are many great accounting and bookkeeping apps out there that can help simplify the process of keeping track of your finances. By finding one that meets your specific needs,

What accounting and bookkeeping apps are the best?

There are a lot of different accounting and bookkeeping apps out there, so it can take time to find one that suits your needs. However, there are a few key factors that you should always keep in mind when choosing an app.

First, you must ensure that the app is compatible with your device. It’s only possible to download an app if it’s going to work with your phone or tablet. Second, you need to consider what features the app offers. Does it come with everything you need to manage your finances? Or is it lacking in some areas?

Third, you should think about how user-friendly the app is. Some apps are very complicated and take a long time to learn. Others are much simpler and easier to navigate. Fourth, you need to consider the price of the app. Some apps are free, while others come with a subscription fee.

Accounting And Bookkeeping Apps

Finally, you should read reviews of the app before downloading it. Seeing what others think of the app will help you decide if it’s right for you.

Choose an accounting or bookkeeping app based on these factors, and you’ll be sure to find one that meets your needs.

How to use your accounting and bookkeeping app?

Assuming you have already downloaded and installed the accounting and bookkeeping app on your computer or mobile device, here are instructions on how to use the app:

Open the app and sign in with your username and password. If you don’t have an account, create one by entering your email address and choosing a strong password.

Once you’re signed in, you’ll see your dashboard, which will give you an overview of your recent transactions, income, and expenses. Click on the “Add Transaction” button to add a new trade.

Enter the relevant details, such as the date, amount, category, and description. You can also add a photo of the receipt if you like. Once you’re done, click on the “Save” button.

To view all your transactions, click on the “Transactions” link at the top of the page. Here you can …

tax return preparation

Tax Return Preparation Best Practices

The fee for tax return preparation varies widely. Some preparers charge a flat fee for each return. Others charge an hourly rate. The cost will depend on the complexity of your tax return and the type of service that you need. Here are some factors to keep in mind when choosing a professional to prepare your tax returns. If you are looking to save money, you should look for a professional that charges an affordable, fixed fee.


The cost of tax return preparation will vary depending on the number of schedules you need to file. Most preparers charge a flat fee for one-time services, while others charge an hourly rate. The cost of tax return preparation will vary according to the complexity of your tax situation and the number of forms that need to be completed. There are many variables to consider, but some of the most common is the amount of time you need to spend on filing the return and whether the preparer can provide you with accurate estimates of the expenses associated with filing it.

The cost of tax return preparation will vary according to the region you are in. The average fee for a Form 1040, which includes a standard deduction, is $323. The cost of a Schedule C for sole proprietors was $192 and Schedule D for capital gains was $118. Whether you need to hire a professional or pay someone to do it for you, remember to compare the prices. This is the most important factor in choosing a professional.

tax return preparation

The cost of tax return preparation varies according to the location of the practice. In the United States, fees range from $138 to $285 for a single return. An average fee for a corporate taxpayer is only $99. Some reports found that fees vary in each region, but in general, fees are highest in the south and west. A typical fee on the east and west coasts is about $339. The average fee in the midwest is $137.

The IRS has made some mistakes in the form of errors and omissions. For example, an employer may not have paid for the wrong amount of tax, or a business might have under-declared it. The IRS has imposed penalties for errors and omissions. In cases of error, the IRS will make sure the member is aware of the mistake and corrects it. It is very important to follow the rules and procedures of the IRS.

About the Specialists

A tax return preparer must be licensed by a state court or the District of Columbia. This individual must pass a bar exam, maintain a high level of ethics, and maintain professional character standards. The IRS does not require attorneys to be registered in every jurisdiction. However, it does recognize the efforts of non-professional tax preparers. They can also receive a Record of Completion from the IRS. These records can be used as evidence in a court of law.

Tax return preparation is a process that includes four elements. The first element is the engagement letter, which is memorialized in a tax engagement agreement. The engagement letter outlines the responsibilities of the tax preparer and the taxpayer. In addition, the taxpayer verbally agrees to pay the preparer if the prepared taxes are incorrect. The second element is the damages that the taxpayer will incur if the tax preparer misses information or makes a significant error.

In addition to the legal aspects, it is vital to remember that the cost of tax return preparation is different in every state. Most states and countries have different tax laws. The US government has strict rules and regulations about this, so it is imperative to consult an accountant. If you’re planning on hiring an accountant, you should make sure that the fee you charge is reasonable. There are many ways to get a refund. You can also file a W-2 form and pay in cash.…

bookkeeping services

Bookkeeping Services Examples For Small Businesses

Bookkeeping services offer several benefits for small businesses. They provide comprehensive financial reporting and can help manage your business’ finances. Many small business owners don’t have enough time to manage their business’s finances and need the help of a professional bookkeeper to manage their financial data. They can also pull financial documents when necessary and organize your financial data. They can even help you keep track of payments. With these benefits, you can make the best use of your time.

Why Hire a Bookkeeper

A bookkeeper can untangle the complex web of accounts and develop clear financial statements. These financial statements allow you to identify opportunities and grow your business. The bookkeeper will keep track of all cash inflow and outflow. They will code all transactions using a system so that you can accurately track your cash flow. A bookkeeper can also act as a trusted advisor to you, helping you budget accordingly. A business owner can rely on bookkeeping services to save them time and money.

A bookkeeper has a finger on the pulse of the business. They can troubleshoot issues, suggest changes in payment terms, and even refinance an expensive overdraft. They are also familiar with the ins and outs of a business’s finances. These insights can help you grow your business and improve your bottom line. But before hiring a bookkeeper, be sure to research the company’s references.

Besides providing financial reports, bookkeeping services can also ensure proper record-keeping for your small business. They can also alert you to mismanagement of supplies and inventory, which can increase expenses and waste. Ultimately, hiring a bookkeeper will help you maximize the efficiency and profitability of your business. Aside from these benefits, you’ll also benefit from the professional’s time and expertise. The best way to find the right bookkeeper for your business is to use the Internet. A good provider will give you the option of emailing or calling them and they can handle all of your bookkeeping responsibilities.

Bookkeeping Services

Another crucial aspect of bookkeeping services is how they handle the bank feeds that connect your accounting software to your business bank account. A bank feed allows you to categorize transactions automatically, but you still need to watch out for certain types of transactions. If the software isn’t up to par, it will be difficult to keep track of your business’s financial data. The bank must feed work in the background. This is one of the most critical aspects of your bookkeeping system.

bookkeeping services

When choosing a bookkeeping service, be sure to consider the price. While some providers charge very low prices for their services, others are priced more expensive. Pay attention to how much you’re willing to pay for a certain service. For example, you can choose between monthly, quarterly, and yearly subscriptions. However, the most important factor is the cost. You should choose a service that offers a set price and doesn’t exceed your budget.


A bookkeeper should be able to meet the needs of your business and its clients. They should be able to handle multiple accounts and can be flexible with how often you need to pay. Some bookkeeping services also offer a monthly contract with their clients. It is important to make sure that they will be able to provide you with the information you need. If your needs are very specific, a freelance bookkeeper may be more than happy to work with you.

If you have a small business, bookkeeping is one of the most important tasks you’ll face. Without the proper financial records, you will not be able to manage your business effectively. Whether you need a bookkeeper for a small business or a large one, you need a system that keeps track of all of your transactions. A system that will track all of your accounts will make it easier to keep a clean record and grow your business.

The right bookkeeping service can help you understand the financial information your business generates. Having a clear and accurate financial statement will make it easier for you to apply for loans or apply for credit. It can also help you avoid penalties for errors and late payments. A bookkeeper can also help you with payroll and tax filing. This is a very important step for small businesses. The work of a bookkeeper will be very beneficial to your business and will be very beneficial for you and your employees.…

BAS obligations

How to Comply With Your BAS Obligations

Businesses are required to comply with their BAS obligations. This tax is collected from many sources, including employees, clients, and suppliers. There are many ways to meet these obligations, including consulting a lawyer or hiring a tax agent. If you are unsure of your BAS obligations, talk to your accountant. Many businesses find that having a legal professional by your side can help. If you have any questions about BAS, get in touch with LegalVision.


First, you must make sure you are organised. Create weekly and monthly reports. This way, you will have a better grasp of your numbers and be more prepared for your ATO obligations. Once you have a good grasp of your business’s finances, you can choose whether to lodge your BAS annually, quarterly, or monthly. Either way, you should keep track of the due date so you don’t miss the deadline. Once you’ve submitted your BAS, contact the ATO to make sure that you’re compliant and have all of the necessary information.

Next, you should decide how much time you have for BAS payments. You can use payment plans provided by the ATO. However, be sure to check the terms and conditions carefully. A payment plan can provide you with more time to pay your BAS obligation. You can also consider using a registered tax agent to lodge your BAS returns. A registered tax professional will make sure that you comply with all ATO requirements. If you need more time, you can choose a payment plan.

Professional Advice

When it comes to meeting your BAS obligations, it is best to get professional advice. A tax agent will be able to help you make the right decision for your business. Most new business owners will try to save money by doing all the work themselves, but some tasks are better left to an expert. The following are a few tips to help you comply with your BAS obligations. And remember: If you do not have the time, you should seek help from a tax agent.

Whether you are a small business owner or a professional, the ATO requires you to submit your BAS each year. If you are a new business, it is wise to delegate this responsibility to a tax agent. You should be aware of the penalties involved if you fail to provide the necessary information to the ATO. If you are unsure about how to file your BAS, you can consult a tax adviser.

BAS obligations

Keeping Accounts

In addition to filing your BAS, you must ensure that your accounts are kept up to date. Even if you do not do business, you must file your BAS if you wish to avoid incurring any penalties. The ATO is committed to ensuring that your records are accurate, and your accountant will review your accounts regularly. By establishing a reliable accounting system, you will be able to meet your BAS obligations easily.

Whether you have a small business or a large corporation, BAS obligations are critical to the financial well-being of your business. For small business owners, BAS is a vital tool to manage your business tax. If you do not know how to prepare your BAS, you can hire an accounting professional to do this task for you. By using a tax practitioner, you can minimize the risk of an audit. Your accountant will help you meet your BAS obligations and ensure that your finances are always in order.

There are two ways to lodge a BAS. You can lodge the statement yourself or employ a registered tax agent. If you choose to use a registered tax agent, it is important to understand the submission deadlines. It is important to pay your BAS on time. There are various ways to meet your BAS obligations. For example, you can opt to have an accountant lodge your BAS for you. If you do not do so, you can use the services of a tax agent to prepare your BAS.

The easiest way to lodge your BAS is to use accounting software. You can use accounting software to make this easier. Most businesses choose BPAY to process payments. You can also use a credit card to pay for your business invoices. You can use a debit or credit card to pay your BAS obligations. Keeping records for at least five years is important. Invoices and receipts must be correctly categorized to avoid confusion and to reduce the risk of audits.…

motor vehicle expenses in accounting

Calculating Motor Vehicle Expenses in Accounting

Motor vehicle expenses can be deducted as part of your business income. The amount you spend on gasoline, repairs, and other routine maintenance can also be claimed. The method used to calculate motor vehicle expenses is called the business use method, which allows you to claim up to one-third of your expenses. Using this method, you must keep logbooks for every single business trip you make, as well as receipts for every gas station and other service station you visit.

Business Expenses

If you use your vehicle for business purposes, then you can claim all of the motor vehicle expenses as business expenses. To claim, you must keep a logbook for 12 consecutive weeks to determine the percentage of business use, and keep records of all of the claims and receipts. If you use your vehicle for private purposes, you can only claim the business portion of the expense, and you must make a record of these. For example, if you take a trip for your daughter’s birthday, you should keep a log of the details of the trip.

Motor vehicle expenses are tax-deductible if you use the vehicle for business purposes. The Internal Revenue Service allows you to claim these deductions in one of two ways: the mileage reimbursement method or the actual cost of operating the vehicle. The mileage reimbursement method is the most popular in small businesses, but if you use a fleet of vehicles for business purposes, you should choose the actual cost method. Then, you can choose the most appropriate accounting structure for your business.

The cost of operating the vehicle must be considered separately from the value of the vehicle. It should be determined by determining whether the expense is related to the business or if it is personal use. For example, if you own a vehicle, you can deduct the cost of maintenance. If you rent the car from an employer, the costs are deductible. Similarly, you can claim motor vehicle expenses as business expenses if you own them outright.

Besides the monthly cost, the motor vehicle expenses can also be claimed as income tax deductions. When you deduct the costs, you can also claim interest on loans and automobile leasing costs. In some cases, the costs related to parking the car are deductible. However, it is essential to maintain a mileage log to claim these expenses as business income. If you don’t keep a mileage log, the IRS will not accept the tax deduction.

motor vehicle expenses in accounting

Tracking Expenses

While you must track your motor vehicle expenses, you can also deduct them for your personal use. In some cases, you can use both methods. You can even split the time between business and personal uses by using your motor vehicle. The best option for you is to consult an accountant about the method that applies to your situation. If you want to file your tax deductions for personal use, you must first identify the type of expenses you have.

Your motor vehicle expenses can include interest on loans and automobile leasing costs. Unlike car loans, these are deductible as business expenses. The same is true for motor vehicle lease payments. You can deduct all of the costs related to your car using the actual expense method. The difference between business and personal use is reflected in your taxes. You can deduct the expenses. The best way to do ti is to write a detailed account for your motor vehicle.

If your car is used both for business and for private purposes, you should exclude private use from your expenses. You can also use the cents per kilometre method to claim motor vehicle expenses. The cents per kilometre method takes into account the cost of running your car and depreciation. In other words, you can only claim your motor vehicle expenses if you are using it for business purposes. If you are claiming motor vehicle expenses for personal use, you should use the logbook method.

The standard mileage rate is an alternative method of claiming vehicle expenses. It’s more convenient than the standard mileage rate, but it also has its drawbacks. Using the standard mileage rate simplifies vehicle expense recordkeeping. You can eliminate the need to keep records of your business and personal usages. You can also use the logbook method for cars. It will give you the best tax relief. Just make sure that you keep a log of your journeys with your vehicle.…

accounts payable

Accounts Payable Best Practices

When a company receives invoices from vendors, it must process them correctly. Inefficient accounting methods can result in multiple risks, including fraud and the appearance of unprofessionalism to suppliers. It can also make a company unsure of its cash flow. Fortunately, there are specialized software programs to help businesses with accounts payable. Here are a few of them. And don’t forget to schedule reminders for due dates! Here are five ways to streamline your accounts payable processes.


One of the most important tasks in an accounts payable process is to create a chart of accounts. The chart, or the accounting system, is a list of all the accounts that exist in the business. In addition to ensuring that you have a complete view of the money owed to you, accounts payable help you better predict your cash flow and avoid late fees and missed payment deadlines. If you use an accounting program, you can organize your receipts, incoming bills, and credit card expenses. This makes recording payments simple and easy.

AP specialists can work in any industry. An accounts payable specialist needs to be meticulous and organized. Their job is to provide financial services and ensure that the vendor is paid on time. They also need to be able to work with people at all levels of the business and communicate effectively in many formats. Strong computer skills and verbal communication are also essential for this role. These skills are necessary for a rewarding career in accounts payable. The role of an Accounts Payable Specialist is not for everyone.

  • Managing accounts payable involves the approval of invoices and communicating with vendors. They must be able to manage their debts and provide a detailed picture of payment plans for creditors. Additionally, they must be able to protect a business from inaccurate invoices. Using a software application for accounts payable can help businesses ensure that their debts are properly paid and that your business is protected against fraudulent or incorrect invoices. So, what are you waiting for? Get started today!
  • Invoices for accounts payable are very important. They should accurately reflect what was purchased and when it was received by the company. Invoices should also include tax and unit costs. There are several steps to this process. Firstly, purchase orders list the items to be purchased. Invoices should reflect the terms and conditions of the transaction and the timeline of delivery. Once the purchase order is confirmed, the invoices should match the requirements of the vendor.
accounts payable
  • Accounts payable is an important part of any business. It is the process of collecting and processing invoices for companies. It helps a company maintain good vendor relationships and save money through early payments. However, the process of accounts payable is not straightforward. Here are some key steps: It begins with the collection of purchase orders. The purchase order is a written agreement between the client and the vendor. Generally, a purchase order will contain details that describe the transaction, including the price and timeline.
  • The next step is the processing of invoices. Once an invoice is received, the company will receive the goods and pay the vendors. The invoices must accurately reflect the company’s order and receive the correct tax and unit costs. A detailed account payable workflow includes the following steps: procurement of goods and services. It can also involve the transferring of funds from one department to another. It is important to follow the rules that are set by the AP department.


An accounts payable department should be able to process invoices for all categories of business. The software should be able to process and track all transactions in the most efficient way. Its success depends on the accuracy of its processes. It should also ensure proper record keeping and compliance. This is where dedicated software comes in handy. These programs are designed to help companies improve their accounts payable functions and keep their business partners happy. These systems are also designed to reduce the risks of fraud and increase the efficiency of payments.

If you are a small business, you may be using manual processes to process your accounts payable. In this case, you are probably accustomed to handling invoices manually. Then, you should set up an automated system for these tasks. Invoices are created and processed automatically. After that, you need to enter payment instructions and invoices. Invoices are sent to the vendors. You can send an email with your company’s order and pay it to the vendors, but in most cases, you should do it manually.…

payroll services

Cost-Effective Payroll Services For Small Business

Payroll services help businesses manage their finances. They handle all aspects of payroll processing. These services help companies collect employee data, subtract deductions, and then pay their employees via checks or direct deposits. Some also manage the company’s tax filing information. Prices vary according to consumer base and complexity.


In-house payroll can be a cost-effective option for small businesses but can be difficult to maintain when the team grows. Hiring a full-time accountant can take some of the burdens off your plate, as they are financial experts. While hiring a full-service accounting firm is an added benefit, it’s still possible to do it yourself. Many outsourced payroll services offer helpful support, while others will do the work at a low monthly fee.

Some services offer more advanced features. For example, you can choose a service that handles all your tax obligations. Some also offer multiple payment options, multiple wage rates, and garnishment payments. Some even offer unemployment insurance, workers’ compensation administration, and PTO management. They should also provide detailed payroll reports, so you can accurately manage employee wages. In addition to these features, payroll services should be easy to use and understand. A reliable service will provide an interface that is easy to navigate and understand.

Other features of payroll services are integrated with accounting software, time and attendance systems, and human resources software. They can also help manage benefits, including paid time off, sick leave, and other employee benefits. Some even offer mobile access to employees. Once you’ve chosen the service that meets your needs, you’ll be on your way to managing your employees’ finances. With a full suite of payroll tools, Namely can streamline your business’s human resources and keep your business compliant.

payroll services

Payroll services can offer a variety of different features, depending on the type of business you have. They can be as simple as paying taxes for your employees, or as complex as a company can afford. If you need your payroll done every month, you can choose to pay a monthly fee for the service. Whether you’re looking for an online service or a live service, it’s important to find a company that offers more than just basic services.

Benefits of Hiring Professionals

A professional payroll service will take care of the tax filings for your company. A payroll service will also take care of filing your payroll taxes on your behalf. In addition to handling taxes, these services ensure accurate timesheets. They’ll also ensure that your company’s employees’ hours are recorded accurately. This will prevent mistakes in employee paychecks. If you’re not able to handle the paperwork yourself, a payroll service provider will do it for you.

The payroll process is time-consuming. You must keep track of your employees’ hours and rates and deduct the right taxes. You must also keep track of your spending year-to-date, time off, and other factors that affect your business’s payroll. A professional service will eliminate these tasks for you. You can also get a payroll tax return. Once your taxes are filed, you can receive your company’s income.


In addition to providing payroll services, payroll software is also necessary for the running of your business. The software can help you manage your employees’ hours, calculate taxes, and handle various aspects of employee management. These systems can also help keep track of the hours of your employees. A comprehensive payroll software package will help you monitor your workers’ work hours, as well as their earnings and expenses. These payroll services are not only cost-effective, but they’ll also save you time and headaches.

There are several payroll services you can choose from. Some of them offer a free version and others have a paid version. Some of them also offer a monthly subscription plan that includes unlimited employees. The monthly subscription plan is ideal for small businesses, but it is best to read the terms and conditions of these plans before signing up. There are a variety of options available for you. You can choose between free and paid versions. When it comes to paying for payroll, the most important thing to consider is the number of employees you have.…