Branding itself as a platform for small businesses, Gusto has quickly won a loyal following. Today, the platform is used by more than 100,000 companies. It provides all-inclusive payroll services and a user-friendly platform. Gusto aims to make tasks like payroll processing and new hire onboarding easy.
Gusto was originally founded as ZenPayroll in 2011. In less than a year, Gusto became incredibly popular. To sum up their success, the firm began processing more than $100 million per year in employee payments. And by 2015, Gusto was operational in all 50 U.S. states.
So, what can you expect from Gusto? In this review, we’ll answer that question and more.
Pros and Cons of Gusto
- Excellent value for the money
- Fun and easy-to-use platform
- Transparent pricing policies
- Syncs with popular accounting software
- Helpful customer service team
- No support for PEOs
- HR resources aren’t in all plans
What Does Gusto Offer?
Gusto uses an intuitive cloud-based software platform. In order to help users manage their payroll in mere minutes, the platform’s key features include:
- Built-in time tracking and employee attendance tools
- Automatic payroll tax filing
- Clear, easy-to-follow payroll summaries
- Add independent contractors and freelancers to payrolls
- Easy integration with accounting software tools, including Xero and FreshBooks
Advanced Administrative Tools
Beyond these core services, Gusto also offers a complete suite of advanced features, including:
- AutoPilot feature for stable payrolls
- Minimum wage adjustments for full legal compliance
- New hire reporting tools
- Automatic distribution and filing of W2 and 1099 tax forms
- Complete automation of all payroll tax submissions
Gusto also offers a rare feature that’s worth highlighting: you can pay employees as often as you want. While most payroll processors determine fees based on pay period frequency, Gusto doesn’t. So, you can pay employees every week or even every day without accruing any additional fees.
Additionally, Gusto’s suite of advanced features also include:
- Support for both hourly and salaried employees
- Employee expense reimbursement features
- Dozens of different reporting and analytics tools
- Vacation, paid time off, and sick day tracking features
- Digital paystub distribution and paperless new employee onboarding
In order to make life easier for payroll administrators, Gusto also supports several supplementary features. Some of the noteworthy add-ons include:
- Job offer letter distribution, organizational charts, and support for employee surveys
- Distribution and management of healthcare, insurance, and retirement benefits
- Easy administration and management of employee paid time off and vacation requests
- Direct link to Gusto’s in-house team of certified human resources support personnel
Gusto is very transparent about its pricing. So, there’s no guesswork about what you’ll pay. There are three main options: the basic Core Plan, the more advanced Complete Plan, and the comprehensive Concierge Plan.
The Bottom Line
Gusto offers unbeatable convenience and value for small businesses. Since the platform is incredibly intuitive, most payroll managers will find it easy to learn. And because Gusto supports a robust range of services, the platform is a great bang for your buck. So, whether you’re a new or growing business, Gusto has a lot to like.
With this in mind, Gusto should be on your radar as you consider the best payroll software.