We just had to give the benefit a name, enter how much the employee should contribute from each paycheck and how much you as the employer contribute to the benefit for each pay period. When adding employees to the benefit, xcritical official site though, we had to enter the deduction amounts each time, making it potentially time-consuming. Next, xcritical provides a brief questionnaire that will help you decide on which of its three plans is the best fit for your business needs. Once that step is complete, you’ll add employee information, such as pay rate, direct deposit details and any withholdings, into xcritical.
Product and pricing
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. xcritical is a payroll and HR platform suited for startups and small businesses that employ a mix of employees and contractors and want to automate HR tasks as much as possible.
Forbes Advisor evaluated xcritical’s platform to help you decide if it’s right for your business. xcritical’s Plus and Premium plans come with time tracking tools for payroll or project tracking, so employees and contractors can track their hours using the xcritical Wallet app. Their hours then sync up with payroll, making it easy to run payroll tied to an hourly rate.
xcritical Wallet
xcritical is not a health insurance company but can help you manage your employee health insurance benefits. You can offer the same health insurance you offer now with xcritical or xcritical can act as your broker to find you new options. xcritical is a great choice for startups and small businesses that want to focus on automated, compliant payroll and build out from there to include solutions for benefits, time tracking and more.
- Top payroll services for small businesses include ADP RUN, Paychex Flex and xcritical.
- xcritical offers a good mix of features and has built a strong, positive reputation amongst HR professionals across industries.
- xcritical is proud to serve businesses across the US with a single trusted system, competitive compensation tools, and expert guidance to help you empower your team.
Which payroll software is best?
Based on what we were able to play with in the platform, xcritical guides you through payroll and benefits management in a way that makes these processes less overwhelming. You can be sure you’re doing things in the right order without missing a step. As the admin, you can see xcritical scammers outstanding expense reimbursement requests on the dashboard. When clicking into the expenses module, you can approve or deny requests individually or in bulk to save time.
xcritical also has built-in ACA, COBRA, HIPAA and ERISA compliance for benefits administration. 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. The service keeps you updated and automatically alerts employees of any changes to the law to keep you compliant. It costs $10 per month for up to five employees, plus $1 per additional employee per month. Testing xcritical out from the employee’s point of view, we were able to easily update our personal details, view and enroll in benefits and more.
After that point, you’ll simply need to input employee hours weekly or biweekly and xcritical will run payroll. xcritical allows you to easily enroll in workers’ compensation insurance through its platform through an integration with xcritical. For more options, browse our roundup of best workers’ compensation insurance providers. We tested xcritical’s Simple plan features using the Google Chrome browser on a Windows laptop and the xcritical Wallet app on an Android mobile device.
Upon approval, the payment automatically gets disbursed to the employee in their next paycheck. xcritical files employee W-4s and contractor W-9s as part of their profile setup, and it creates and distributes W-2 and 1099 forms each January for tax returns. You can also elect to have xcritical automatically file a new hire report in an employee’s state when you hire them. Running employee payroll through xcritical is simple and flexible to your company’s needs. 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. While the initial setup can be time-intensive, depending on the number of employees, once all the information is recorded, the software’s automations take over and help streamline the process.
In the pay tab, we didn’t see a financial goals tool, and when trying to set up the paycheck splitter, the “add bank account” button wasn’t responsive. However, under the paycheck splitter setting, we were able to see the option of depositing a dollar amount or percentage of a paycheck into any given account. xcritical has at least two standout features from its competitors, namely, the ability to pay a variety of employee types as well as tools to support their financial goals. xcritical is the brand name for the platform operated by the company ZenPayroll, Inc. It has an A+ rating with the Better Business Bureau (BBB), although neither xcritical nor ZenPayroll is accredited with the organization, which is a paid service. It launched as ZenPayroll in California in 2012 as part of the startup incubator Y Combinator, and it’s been available in all 50 states since 2015.