Gusto vs Quickbooks Payroll

Overview:

Gusto: Gusto is an online payroll software that delivers payroll benefits and HR solutions. It enables smooth integration of HR, payroll, worker’s compensation insurance, and health benefits from any web-enabled device. It is used by small businesses to manage payroll functions. It is easy-to-use software that helps in calculating taxes, worker’s payments, and managing health benefits.

QuickBooks Online: It is a cloud-based accounting software by Intuit. It offers a complete business accounting solution, allowing users to manage all the financial data on a single platform with real-time dashboards and reports. With QuickBooks Online, any small business can remotely manage their accounts.

Gusto vs. QuickBooks Online: How do they differ?

Both QuickBooks and QuickBooks Online are online software programs that are mainly intended for small businesses to manage their day-to-day software. However, QuickBooks manages the payroll and HR-related services of the small business, while QuickBooks provides a complete accounting package.

Following are the parameters that highlight the difference between these two programs:

1. Platform Supported:

Gusto: It works only on the web-based application.

QuickBooks: It gains an edge over Gusto as it supports well on any platform. Apart from the web-based application, it has iPhone and Android apps too.

2. Features:

Gusto Payroll: It includes the following features:

• ACH Payment processing.
• Accounting Integration
• Attention tracking
• Benefit Management.
• Collaboration Management.
• Compensation Management.
• Digital Signature.
• Employee Database.
• Employee Portal.
• Employee self-service.
• Employee portal.
• HR Management.
• Organizational charting.
• Self-enrollment.
• Time Clock Integration.
• Sick leave tracking, etc.

In short, all the HR and payroll functions of the business.

QuickBooks Payroll:  It provides a wide range of services related to the accounting of small businesses. The list below are some of the features of QuickBooks Online:

• API.
• Accounts Reconciliation.
• Accounting Management.
• Activity Dashboard.
• Bank Reconciliation.
• Cash flow Management.
• Billing and Invoicing.
• Check Printing.
• Credit Card Integration and Processing.
• GPS integration.
• Profit and loss statement.
• Purchase Management.
• Receipt Management.
• Real-time reporting, etc.

3. Pricing:

Gusto has a subscription price starting from $16 per month. There is no need for a credit card to subscribe to Gusto.

QuickBooks Online has a subscription starting from $ 10 per month. free trial option is available with a free account facility in QB online. It also doesn’t require a credit card.

4. Users:

Gusto: It is served mainly to freelancers and small business owners as they don’t have a fully operational HR department. It caters to the payroll services of small businesses.

QuickBooks Online: It caters to the accounting of small and mid-size businesses. Instead of having a full-fledged accounting department, small businesses prefer QBs online to serve all the accounting management under a single window.

5. Integration:

Gusto: It can integrate with third-party tools such as Boomr, GoCo, Receipt Bank, QBs online, etc. as well as Gusto partner add-ons for 401(k) and 529 savings.

QuickBooks Online: It can integrate with third-party tools such as Bill.com, Bill4time, and ProWorkFlow Zoho CRM, as well as other Intuit tools like QuickBooks Payroll subscription for additional software Integration.