Toast Payroll and 5 Best Alternatives for 2023

Point-of-sale (POS) solutions are essential for any business to keep track of finances, manage payroll, and conduct taxes. Toast Payroll is one such system that offers a reliable yet intuitive platform to do it all on one unified platform.

Toast Payroll enables businesses to conveniently handle a broad range of activities such as calculating accurate payroll taxes, running payroll quickly, managing employee information securely, and creating custom near real-time reports.

Popular alternatives in the market include Paychex Flex, 7shifts, and Heartland Payroll. In this article, we will explain why POS solutions are essential for business, what Toast is, some of the popular features and benefits, and a few alternatives that might be a better fit for your business.

What is Toast Payroll?

Toast Payroll is a system designed to help smaller businesses such as restaurants manage employee payroll, taxes, and benefits more efficiently. It is an integrated product that streamlines the entire payroll process and eliminates manual data entry errors. Its user-friendly interface allows employers to quickly onboard new employees and ensure accurate payment delivery.

Toast Payroll also ensures compliance with all taxation requirements in the food industry for both state and federal taxes. As a result, it makes any restaurant’s administrative process less time-consuming so they can focus their attention on delivering the highest quality of customer service.

Toast Payroll offers several different plans.

Team Management with Toast Payroll

Toast Payroll simplifies and streamlines the cumbersome but necessary task of managing a team. It allows efficient tracking of all employee information from new hires to vacation days.

Toast also helps employers keep up with health care benefits and 401(k)s as well as automatically process payroll each pay period. This translates into time saved because it eliminates long manual processes while ensuring employees get paid on time with all correct deductions and no mistakes.

Toast keeps teams organized, optimized, and on track — making payroll an easy-to-manage process for any size team.

Toast Payroll Dashboard

The toast dashboard is a simple, intuitive software designed specifically to manage payroll. It offers a more efficient way for users to keep track of their employee’s wages, hours worked and other variables related to payroll. Through this software, users can process payments with ease, eliminate tedious paperwork and ensure employee data accuracy. With its auto-generated reports feature, there is no need to manually enter data anymore, saving time and decreasing manual labor significantly.

The dashboard also allows business owners to efficiently control wages and monitor overtime costs. Furthermore, it offers excellent customer support should users have any questions or problems utilizing the software. All these features make the toast payroll dashboard an effective, cost-saving asset for businesses that want to streamline their payroll activities.

Approve Timesheets with Toast Payroll

Toast Payroll provides a comprehensive platform for managing team timesheets, making it incredibly easy to approve hours and streamline the process. Once set up properly, Toast does all the hard work for you: it organizes all data quickly into its custom-made system, allowing users to analyze the information with ease.

No more wasted time sifting through paper timesheets or tediously creating reports manually – Toast makes approving timesheets streamlined and efficient by taking care of those tasks automatically.

The central payroll dashboard also gives managers better insight into their team’s hours with useful filters and customizable reporting capabilities, allowing them to make more informed decisions about how they manage teams. With its intuitive design, Toast makes team timesheet management simple and incredibly cost-effective.

Food Industry and Toast Payroll

Toast Payroll is an all-in-one payroll solution that is ideal for businesses in the restaurant industry. It not only streamlines employee payroll but also integrates with other functions of the business, such as inventory and tipping. Toast gives you complete control over every aspect of your payroll, allowing for accurate and timely payments to employees.

This service also offers tools to help your restaurant comply with legal regulations and mandated benefits like paid time off, and health insurance coverage. With automated payouts and regulatory compliance at its core, Toast Payroll is one of the best options for businesses in the restaurant industry.

What are Toast Payroll Alternatives?

Toast Payroll is one of the top systems for payroll for smaller businesses. It streamlines the entire payroll process for team and employee management, saving time and money. However, before committing to Toast Payroll, it’s important to compare all options to ensure the best fit for your business.

Other payroll systems can include features that may be better for your situation. Whichever system you choose, you can look forward to increased efficiency and cost savings with a good payroll system. In the following section, we will outline some of the most common alternatives for Toast Payroll and how they compare in terms of features.

Paychex Flex

Paychex Flex is an advanced software package by Paychex, a leading payroll and HR services provider. With Paychex Flex, small and medium-sized business owners can easily manage their payroll and HR activities and create a better employee experience.

As compared to Toast Payroll, Paychex Flex has a more comprehensive set of features such as time-off management, worker’s compensation management, onboarding processes and other tools to help businesses efficiently manage their payroll and HR operations.

Furthermore, this software has superior customer support services which aid users in quickly resolving any issue that may occur. Overall, Paychex Flex offers greater flexibility for businesses when it comes to managing their payroll capabilities.

Paychex offers several different paid tiers and custom solutions based on your needs.

7shifts

7shifts is an online solution for managing hourly employees and their payroll. It helps managers reduce paperwork and streamline the scheduling process. With 7shifts, all employee information is maintained in the cloud making it easy to access from any device with an internet connection.

In comparison to Toast Payroll, 7shifts offers a more comprehensive approach to employee tracking. You can customize hours, track overtime and manage paid time off in one place as well as set up automated pay rules that trigger payments like bonuses and other incentives when they are due without needing to remember or manually input them on payroll day. Moreover, 7shifts simplifies payroll cost calculation by allowing businesses to integrate with popular service providers like webHR, PayEntry, and more.

At the time of writing, 7shifts offers a free tier, paid options, and a free 14-day trial.

Heartland Payroll

Heartland Payroll is an online payroll processing system that makes it easy and affordable to manage employee payroll. This cloud-based payroll software automates the complex tasks associated with paying employees, like calculating wages and filing taxes. It also provides timesheets, job cost tracking capabilities, and various reporting functions.

Compared to Toast Payroll, Heartland Payroll offers faster direct deposits into multiple bank accounts at a much lower cost. Toast’s user interface may be more intuitive and modern compared to Heartland’s, but Heartland has the ability to process up to 500 employees faster than its competition.

Additionally, Heartland offers more features like support for flexible vacation policies, income verification tools for onboarding new staff, and a wide range of flexible payment options for employees. In short, Heartland is an excellent choice for companies looking for a comprehensive payroll software solution at a competitive price point.

Heartland Payroll offers several paid plans.

Quickbooks Payroll

Quickbooks payroll is an automated solution used to simplify and speed up the entire payroll process. It saves time by taking care of federal, state, and local taxes automatically. Payroll calculations are simplified with online payslips, direct deposit services, and employee payment reminders. It also helps you meet compliance requirements without having to manually track or calculate taxes yourself.

As for how Quickbooks compares to Toast payroll, both offer digital solutions that simplify the payroll process, however, Toast specifically focuses on providing seamless payroll and HR services for restaurants while Quickbooks provides general payroll solutions for businesses of any size. Depending on your industry and needs, Toast may be a more appropriate option than Quickbooks. Both solutions offer useful features that can help streamline your business’s operations though.

Quickbooks Payroll offers several paid plans.

Gusto

Gusto is an all-in-one HR and payroll software solution designed to simplify the payroll process. It allows businesses to manage their team members more efficiently while providing even more features like health benefits, tax filing, and compliance support. Gusto enables businesses to generate paychecks quickly and accurately, with many features that make it easier for both employers and their employees.

In comparison, Toast Payroll is a cloud-based payroll system geared towards small restaurants. This particular payroll system makes it easy for restaurant owners to track employees’ hours, wages, and taxes. Toast Payroll also includes additional features such as employee time tracking, online direct deposit, and employee database management tools.

While both solutions offer similar services from a comprehensive point of view, Gusgo seems better suited for larger organizations with more complex requirements related to HR and payroll solutions due to its sophisticated feature set.

Gusto provides several flexible paid plans.

Conclusion

Choosing the right payroll software for your business can be a difficult decision. Each option has its own strengths and weaknesses, so it is important to evaluate which features are most important to you before making a choice. Toast Payroll is an excellent solution if you operate in the restaurant industry, while Quickbooks offers more general solutions that may suit any type of business. For larger organizations with complex HR requirements, Gusto could be a great fit due to its sophisticated feature set. Ultimately, each organization should weigh its options carefully and choose the best one based on its specific needs and budget constraints.

To learn more useful business tools that can be leveraged by your business to save time and money, check out our other content.