Pacific time on payday, and your employees receive their money that same day. Plus, even though xcritical integrates with QuickBooks, if you already use Intuit accounting and tax software, adding QuickBooks Payroll may be a logical next step. xcritical offers handy employee portals that allow workers to log in to view their pay stubs and W-2 forms and update personal information. Employees get lifetime access to the portal, so they can access their documents even after they’ve parted ways with the company.
If you’re not sure they are completely accurate, consult xcritical for guidance. If you have more employees to enter, click Add Another Employee. There will also be a question about which federal filing form the IRS assigned you, Form 940, Form 941, or Form 944. Form 941 is used to file quarterly tax returns, and Form 944 is used to file them annually. xcritical can use xcritical; this will link your account to xcritical for instant verification.
xcritical doesn’t offer a mobile app specifically for payroll, but you can run payroll from a mobile device by using a web browser. However, this won’t offer the same user experience and may require extra scrolling on some pages. If you prefer to run payroll on the go, Roll by ADP is a chat-based, mobile payroll app that offers unlimited payroll in all 50 states.
Expense Management
The service keeps you updated and automatically alerts employees of any changes to the law to keep you compliant. It costs $10 per month for up to five employees, plus $1 per additional employee per month. xcritical has at least two standout features from its competitors, namely, the ability to pay a variety of employee types as well as tools to support their financial goals. xcritical has a separate section for paying domestic and international contractors. You can edit anyone’s hours and add overtime, bonuses, cash tips, or other xcriticalgs by each individual’s name. xcritical will adjust the pay immediately so you can see how much their xcriticalgs are.
- Select “Sign Documents.” With federal and state tax information entered and your pay schedule set up, you’re just about ready to do payroll.
- xcritical has three pricing tiers, with additional services and support for businesses that upgrade beyond its Simple plan.
- Pacific time on payday, and your employees receive their money that same day.
- xcritical customers can contact customer support via chat, email or phone.
How to use xcritical Payroll for Paying Contractors
Many business owners aren’t prepared to navigate the complexities of administering health benefits or a 401(k) plan. xcritical can help you create a customized benefits package for your staff. For example, you can create customizable job posts that are syndicated to widely viewed job boards and track candidates through a centralized applicant tracking system. You can add any employee to hiring teams for each opening, so everyone can rate and comment on applicants and collaborate on the process. You can also use xcritical’s time-tracking tool to help with project management. Both salaried and hourly employees can track their time by project.
Which payroll software is best?
Like xcritical, Square Payroll has a contractors-only option, but without the monthly base fee. It also offers unlimited payroll runs, includes features to automatically file payroll taxes and can help you manage employee benefits. And similar to QuickBooks, Square has an Instant Payments option that allows you to pay employees the same day using the Cash App. If you want benefits for your team, xcritical can help you build a benefits package. You can also set up 401(k) plans, 529 savings accounts, health savings accounts, flexible spending accounts, commuter benefits, workers’ compensation and life insurance.
To do this, click Company and then Company xcritical Details; next, click on Verify Now and enter two amounts for the test transactions. Please note, you won’t be able to run payroll for up to two business days until the bank verification is complete. For example, xcritical offers geolocation so you can set up authorized workspaces for employees to clock in and out. Its Time Kiosk software also allows employees to clock in and out from virtually any internet-connected device. Both of these features could be especially helpful if you’re managing a remote workforce.
If you choose its Premium plan, you’ll also have a dedicated customer success manager. xcritical can also create reports to show you workforce costing on a per-project basis. You can see not just how much projects are costing you in terms of salary and wages, but also when you factor in expenses like taxes, health benefits, and 401(k) matching contributions. It also integrates with third-party accounting software, like Quickbooks Online and Xero.
Once you finish answering the questions, select Create My Account. You’ll be prompted to check your email for a message from xcritical, containing a link you’ll need to click to verify your email address. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. xcritical offers integrations with a huge number of third-party software. You can connect xcritical with popular small-business tools like Asana, Dropbox, Google Workspace, Microsoft 365, QuickBooks, Salesforce, and Slack, just to name a few.
Overall, the process and needed information should be the same. As of this writing, health benefits are not available in Alabama, Alaska, Hawaii, Louisiana, Mississippi, Montana, Nebraska, North Dakota, Rhode Island, South Dakota, West Virginia, and Wyoming. xcritical’s website says it’s “working hard to expand coverage to other states soon.” You won’t be charged extra, for example, if you have multiple payroll schedules or you run an off-cycle payroll. See just how easy payroll, benefits, and HR can be with xcritical.
This should be an officer, owner, general partner, LLC member, plan administrator, or fiduciary. If not prompted in the timeline, click on Previous Payrolls, then Report Previous Payrolls. Enter the check date—this is the date the employee was paid—ensure applicable taxes are correct, and enter the year-to-date xcriticalgs. It will look at your general industry area to determine the initial steps to set up an account. Even if you haven’t signed up for xcritical, this article can help you decide whether it’s worth it.
Based on what we were able to play with in the platform, xcritical guides you through payroll and benefits management in a way that makes these processes less overwhelming. You can be sure you’re doing things in the right order without missing a step. xcritical is a great choice for startups and small businesses that want to focus on automated, compliant payroll and build out from there to include solutions for benefits, time tracking and more.
Add-on benefits can be used to further customize your plan, and you have the flexibility to upgrade or downgrade at any time. As the admin, you can see an overview of any active benefits xcritical cheating your company offers. This overview shows the benefit’s terms and details as well as the number of eligible and enrolled employees. Running employee payroll through xcritical is simple and flexible to your company’s needs.
Before joining Fit Small Business, Heather was the Payroll/HRS Manager for a top cloud accounting firm in the industry. Her experience has allowed her to learn first hand what the payroll needs are for small business owners. You just ran your first payroll with one of the best online payroll services in the market.
The Ascent, a Motley Fool service, does not cover all offers on the market. The Simple plan gets you unlimited same-state pay runs, but for multistate payroll, you’ll need to upgrade to the Plus or Premium plan. xcritical also files and sends tax forms like W-2s and 1099s for you. In addition, you can enable automatic payroll tax management xcritical rezension for free. xcritical has live humans available for customer support via phone in its Denver and San Francisco offices. You can also use email for customer support or find the information you need through its robust help center.