Interested in Managing Your Payroll Yourself?

[Fit Small Business | ]( Payroll Insights from Heather and Robie [Read new articles from our HR experts]( Payroll is one of the critical aspects of running a business and managing employees. There are many options for handling payroll—some companies outsource this via a third-party provider, while others manage payroll in-house. If you have a handful of workers and don’t require complex pay runs, then in-house payroll may be right for you. You have more control over the process and get to select the tools needed to pay employees.   In-House Payroll: What Does It Mean?   In-house payroll is when an organization has an internal employee or group of employees to handle payroll processing for the team. Organizations with fewer employees sometimes prefer this method and find it successful, but it is important to consider all that comes into play. Processing payroll in-house means you don’t utilize outsourcing tools (like a payroll service that will process your payroll for you) to pay your team. Ultimately, your payroll staff will be responsible for all salary and tax calculations, overtime calculations, benefits deductions, reimbursements, etc. This can get overwhelming, especially if you have a lot of employees. If that is the route you choose, we have quite a few free calculators that can make this process more manageable: - [Gross Pay Calculator]( - [FICA Tax Calculator]( - [FUTA Tax Calculator]( - [Overtime Calculator]( If you want to learn more, check out our comparison guide on the differences between managing your payroll [in-house vs utilizing payroll outsourcing]( tools.   Managing Your In-House Payroll: What Are My Options?   Managing payroll in-house isn’t for everybody. It’s best for small businesses with 10 or fewer workers. Plus, you need a dedicated staff member or team to handle the complexities of processing employee payments and payroll taxes. It also requires several tools to help you get the job done correctly. If you’re operating in states without complex labor and tax laws, you can [do payroll in Excel](. Bear in mind that this is an entirely manual approach to managing payroll. However, using an Excel template with pre-filled information like overtime formulas and tax rates can help save time. You may also need [timesheet templates]( for your staff to track their work hours manually. This takes the guesswork out of time tracking, enabling you to capture employee time data for pay processing. Another option is using [small business payroll software](. Its automated tools are designed to streamline the entire process—from calculating earnings and deductions to paying employees via direct deposits. Most software providers even offer tax payment and filing services, as well as additional HR solutions for managing employee data, time tracking, and benefits. Regardless of your choice, don’t forget to consider your budget and pay processing needs. Having an in-house payroll expert is critical, so you don’t have to worry about potential payment errors and compliance issues. 📌 Need help finding an in-house expert to manage your pay runs? Check out our guide to [hiring a payroll specialist](.       What’s Hot In HR This Week Check out some of our latest Payroll content 8 Best Free Time Tracking Software in 2023]( Interested in time tracking software to help manage your employees? In this article, we evaluated 18 providers and narrowed the list down to our top eight recommendations for small business owners. [Read More]( Best Free Payroll Software]( You don’t have to invest in an expensive system to manage payroll yourself. This guide presents the three best free payroll software for small businesses. TimeTrex is our top-recommended solution as it offers payroll, time tracking, and scheduling tools in its free option. [Read More](     Meet Fit Small Business’ HR & Payroll Experts   [-Jennifer Hartman, HR Staff Writer & Human Resources Expert] Throughout her career, Heather has worked to help hundreds of small business owners manage many aspects of their business, from bookkeeping to accounting to HR. Her experience has allowed her to learn firsthand the payroll needs of small business owners. Heather Landau [-Jennifer Hartman, HR Staff Writer & Human Resources Expert] Jen has more than 20 years of writing and content experience, working with small businesses and Fortune 100 companies. For over a decade, she worked as an HR generalist, providing accounting, payroll, and HR expertise. Jennifer Hartman [-Jennifer Hartman, HR Staff Writer & Human Resources Expert] Robie is a payroll and HR expert at Fit Small Business, focusing on software. She has more than five years of content writing experience. Prior to becoming a writer, she worked as an HR specialist at several multinational companies. Robie Ann Ferrer [-Jennifer Hartman, HR Staff Writer & Human Resources Expert] Juvy has more than 10 years of experience writing product reviews and providing online content for small businesses. Juvy was also a college instructor. She believes that her teaching background, writing experience, and supportive team members are crucial in providing the best answers to readers. Juvy Vallescas [-Jennifer Hartman, HR Staff Writer & Human Resources Expert] Genevieve has more than 13 years of writing experience, working with different clients in various industries. She has ghostwritten several books and ebooks on marketing and leadership. Genevieve also worked as an HR Head of a local manufacturing company and has helped small businesses set up their business and HR processes. Genevieve Que   Are you planning to run surveys to measure engagement or gather employee feedback but don’t know where to start? Tune in next week when we cover everything you need to know. Until next time, Heather Landau, Jennifer Hartman, Robie Ann Ferrer, Juvy Vallescas, and Genevieve Que   For more quality resources on growing your small business: [Marketing]( | [Financing]( | [Accounting]( | [HR]( | [Retail]( | [Ecommerce]( | [Sales]( [Facebook]( [Twitter]( [LinkedIn]( [Alternate text] Want to change what you receive in your inbox? [Update Your Preferences]( [Image]   We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. 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