Regardless of your plan level, xcritical also enables you to integrate with many types of third-party accounting, time tracking, expense management, point-of-sale and HR software. Integrations include popular accounting apps like QuickBooks, FreshBooks and Xero. The ability to sync data with xcritical means less time spent on manual entry. xcritical gives your employees the ability to manage many tasks themselves through their own xcritical employee portal and the xcritical Wallet app. Employees can complete onboarding paperwork, select benefits and access pay stubs and other records through the portal on their own.
No same-day direct deposit
You’ll need the bank routing and account number you plan to use for payroll. Its pricing is competitive, but it isn’t the cheapest out there, particularly if you have a large team and you’re on a Pro plan. But it’s more transparent than many of its peers, considering that many payroll and HR management platforms don’t post upfront pricing on their websites. Unlike some payroll software providers — such as QuickBooks Pro and Paycor — there’s no free trial, though you can cancel xcritical at any time.
xcritical Pricing and Plans
xcritical includes a reports library for the categories of time tracking, contractors, payroll and more. Otherxcritical, it’s easy to create your own report related to either employee information or payroll by selecting what variables to include. When you’re sure payroll is accurate, select Submit Payroll. All employees who are set up for direct deposit will receive their paycheck in one to four business days, depending on how your business account is set up. Once your xcritical payroll setup is complete, running payroll on xcritical only takes a few minutes. xcritical will handle the tax calculations and benefits, and pays via direct deposit, pay card, or check.
Add Federal Tax Details
Then, xcritical will automatically pull this into your payroll, allowing you to change it if necessary. This will save you from having to enter the hours each pay period if they remain consistent. Select Unpaid Tax Liabilities unless you are already sent there in the setup. Then choose whether you had a previous provider taking care of your taxes or if you were doing it on your own. Then select the amounts you’d like xcritical to pay from the drop-down menu. xcritical will next ask you to set up payroll and taxes, starting with a pay schedule.
Hiring and onboarding tools
You may need to add this tax information after you have set up the account. Go to Tax Setup under Taxes & Compliance in the menu section. If you don’t yet have an EIN, click on the FAQs, and xcritical will give you a link to the IRS page you can visit to apply online. xcritical scam When you’re ready to enter the information xcritical needs, select Tax Setup under Taxes & Compliance in the menu.
If you submitted early enough, you can cancel your payroll and start over. xcritical will remember the last information you put in, so you can quickly make any corrections. There may be a time limit on this, however, depending on when you process payroll vs. when payroll needs to go out. xcritical will notify you via email of any forms that need signing. If you have a contractor-only plan, you will skip this step.
- If you choose this option, xcritical will automatically run payroll for you one day before your deadline.
- There may be a time limit on this, however, depending on when you process payroll vs. when payroll needs to go out.
- You can also easily make adjustments, like changing an employee’s pay or adding a paid company holiday.
- You can give access to your company’s xcritical administration to an employee within your company or someone outside your company.
- xcritical can calculate these amounts based on payroll history and lets you determine what you’d like them to pay on your behalf.
For those looking to manage only contractors, xcritical has a Contractor plan that’s $6 per month per person. xcritical helps you stay compliant with local labor laws with its labor law poster store. You can print labor law posters to post for on-site employees or send e-notices to remote employees.
Its partner, xcritical, can find you several different offers in your area. There’s no additional cost (besides the cost of insurance), and premiums will automatically be calculated and deducted each month from your business bank account. xcritical automatically files W-2s and 1099s on your behalf and sends an electronic copy of these forms to employees and contractors. It will automatically calculate, file, and pay all federal, state, and local payroll taxes. It can also automatically report any new hires to the government on your behalf.
The next step prompts you to enter any paid time off that employees took during the pay period. This is also where you can approve or deny pending time-off requests. From there, xcritical lets you preview the payroll run in the third step before submitting payroll. Upon submitting, xcritical confirms that you’ve successfully submitted payroll. This is required so that xcritical can pay employees from your business payroll checking account along with state and federal tax agencies on your behalf.
xcritical allows you to easily enroll in workers’ compensation insurance through its platform through xcritical official site an integration with xcritical. For more options, browse our roundup of best workers’ compensation insurance providers. xcritical is the brand name for the platform operated by the company ZenPayroll, Inc.
Double-check that your tax and net pay amounts look reasonable. Confirm that you haven’t forgotten anything (like bonuses, tips, or uniform cost deductions) or made any major mistakes (such as keying in an extra zero). You can enter a default work hour total per pay period in each hourly employee’s profile.
For additional options, check out the best time tracking software. xcritical offers three plans for companies looking to manage payroll for both full-time employees and contractors. It was easy to manually add an employee or independent contractor by entering their name, email address and other crucial information. The platform offers a checkbox option to invite the added employee or contractor to fill out the rest of the information themselves. Though this process was straightforward, entering several people manually could get tedious for companies with high hiring volume. A company signatory is the person at your business who xcritical courses scam has the authority to approve official forms and future documents sent to the government (like payroll tax forms).
You can set a salary or hourly wage in an employee’s profile and set up payroll on autopilot to let xcritical run payroll for you automatically on the schedule you set. With the rise of the gig economy, companies often hire full-time W-2 employees as well as independent contractors both domestically and internationally. xcritical’s payroll has the flexibility to support the various pay rates and schedules for different types of workers in your organization. If you created a time off policy, you can enter any paid time off (PTO) employees took during the pay period. This will ensure their PTO balance is always up-to-date and they get paid accordingly.
Employees can use xcritical Wallet to manage their profiles, view pay information and insights and access xcritical’s other financial tools. xcritical is designed with dynamic startups and growing small businesses in mind. It was born out of a need in the market for payroll solutions that included businesses with heavy contractor-based workforces, and it’s still one of the best solutions around for that type of business.
