Gusto is an online payroll tool designed to remove the complexity of managing payroll and benefits for modern businesses.2
The app is packed with a solid set of payroll features, coupled with a well-designed user interface. In addition to this, it has very good automation features that make your workflow more efficient.
Gusto provides payroll, 401(k), and workers’ comp insurance nationwide. Health benefits are available in 17 states, with more coming: Arizona, California, Colorado, Florida, Georgia, Illinois, Massachusetts, Maryland, Michigan, New Jersey, New York, Ohio, Oregon, Pennsylvania, Texas, Virginia, and Washington.
Built mainly for small businesses and startups, the platform is also capable of automating the calculation, payment, and submission of a company’s payroll taxes at whatever government level.
You can pay through bank deposit or check options, automate calculations, year-end forms, and taxation to avoid critical errors, and save even more time to handle bookkeeping on its own.
Gusto’s monthly price is set at a reasonable per person rate for full-service payroll. This includes new hire reporting, direct deposit, year-end W-2s and 1099s, unlimited payroll runs, off-cycle, and bonus payrolls, and more. You don’t need to sign a long-term contract and are free to suspend your account at any time. You can also add on health insurance, 401(k), other benefits, and HR tools to manage your team.
Gusto also offers a 1-month free trial to help you try out the software. If you need help, you can contact the company’s customer support agents via phone, email, or chat. They are based in Denver and San Francisco and provide assistance Monday through Friday, 6 am to 5 pm Pacific.
Table of Contents
Overview of Gusto
Why use Gusto? The key advantage of this system is automated payroll management, as users can set up and schedule payments, and let the system handle the rest. With this feature in place, all employees will be paid on time, and the process will become independent from human interaction and thus less prone to mistakes. Gusto Payroll also supports the campaign for paperless transactions as digital paystubs are delivered via email in an effort to reduce paper waste.
Employees who are feeling generous can even set up their accounts to donate to charitable institutions straight from their paychecks. Integration with the widely used accounting systems makes Gusto a flexible platform, especially when it comes to bookkeeping which falls completely under the system’s competence.
Let’s give a detailed look to some of the main benefits associated to this system:
It saves your time
The main benefit of full payroll automation is saving time, as Gusto takes over time off calculations, ACA compliance, year-end forms, payroll taxes, and even adopts unique workflow calculations. In this way, all important data is synchronized in a single system, and the user can focus on more important activities.
It makes payroll management error-proof
Gusto will not only minimize critical human errors, but eliminate those completely. Now that you won’t have to enter data in several different apps and websites, you will take things easy, and let the system calculate deductions without you being involved at all. Plus, Gusto acts as a personalized employee database, where you can store important information, and access it any time and from any device.
It facilitates access to information
The reason why both small and large teams prefer Gusto is the simplified, hassle-free navigation. The app makes it easy to pull off important information, including employee contact data, I-9s, W-2s, time off balances, and much more. For the purpose, you will only have to log into the system using your credentials.
It activates full payroll automation
Gusto requires nothing else but a single entry of your team’s data, where you get enough flexibility to decide how your employees are paid, and how their paystubs, tax filings, and W-2s ought to be handled. Your employees will also be able to add date themselves, and download information that is important to them even after they leave the company. The system will also automate all local, state, and federal taxes in validated forms that can be used for all purposes. The Gusto team acknowledges the difficulty of managing payroll for first-time users, and thus provides a kit of useful tips and training materials, and access to expert support.
It simplifies benefits administration
Consult the vendor’s licensed advisers and make use of the intuitive software to manage benefits easily. Keep your existing plan or choose a new one, tailored for your needs. Gusto will make this possible with employment tax reporting, payments, workers’ comp insurance, new hire reports and detailed budget plans. Your team will also have access to dedicated benefits advisors with years of health care experience.
It streamlines HR
With Gusto, you can consolidate all your employee data. All info from emergency contacts to new hire documents to anniversaries is organized in one place, where employees can access it, modify it, or download it for their needs. This also helps comply with HIPAA standards, and makes HR management much more transparent.
It is fully compliant with HIPPA, ACA, and ERISA standards
All Gusto operations were designed to meet in detail HIPAA, ACA, and ERISA standard which means that the system will check data automatically, prepare compliance reviews of your benefits and send automated notices, and guarantee employee privacy unlike any similar system.
It offers affordable, integrated 401(k)
Gusto allows you to set up and manage 401(k) plans with unparalleled ease, and enable employees in such way to save money for their retirement.
It integrates with all important third-party systems
Last, but not least, Gusto was developed to blend easily other accounting packages. On the list of integrations are familiar names such as Xero, QuickBooks, FreshBooks, TSheets, When I Work, Nimble, Homebase, Receipt Bank, Bamboo HR, and many more.
Key features of Gusto
- Lifetime Accounts for Employees
- Digital Paystubs
- Easy Charitable Donations
- Employee Self-Enrollment
- Automated New Hire Reporting
- Automatic Payroll Tax Processing
- Payroll on Autopilot
- Contractor Payments
- Net-To-Gross Payments
- Unlimited Payroll
- Cancel Payroll
- Flexible Schedules
- Detailed Payroll Reports
- Multiple Pay Rates
- Multiple Pay Schedules
- Hourly and Salary-based Computations
- Time-off Tracking
Tame the chaos of payroll, benefits, and HR