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Ask HN: Payroll for bootstrapped startups?

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21–30 of 36 posts

Re: Ask HN: Payroll for bootstrapped startups?

#21

You don't need payroll until you've actually got employees. You can just distribute the amount earned based on equity ownership across the members in the LLC. This is termed "disbursements".

Yeah but that's not great if you have non-working members and useless if you want to pay based on hours.

Re: Ask HN: Payroll for bootstrapped startups?

#22
post #7

We use ADP. Its expensive - $125 per cycle. Another option is paycycle, but i havent used them

We use PayCycle. It is $42.99 + (numEmployees - 5) * 1.50 per month no matter how many checks you generate. This means you aren't penalized for paying weekly or for generating reimbursement checks out of phase with your normal payroll cycle. I really like it. It generates export files which I import easily into QuickBooks. I'm very happy with it, I just wish it had an API so I could plug my timesheet system directly…

Is their system browser based as well? If so, seems like a clever Greasemonkey could greatly help with that automation (might need an temporary cache there somewhere).

Scrape your web report, stuff the data somewhere (locally), then on their site, read your cached data and populate their forms.

Re: Ask HN: Payroll for bootstrapped startups?

#23
We use ADP. It's not very expensive and they do a good job of handling everything. I hear it can be quite costly if you're having people punch in and out, but for just a few guys programming on salary the cost is less than you'll probably spend on coffee.

Anyone who has a small team of engineers and does it themselves is insane. You'd gain more from staying in the programming zone for 5 minutes than you'd save in processing costs.

Re: Ask HN: Payroll for bootstrapped startups?

#24
post #14

We are a startup in Palo Alto and have developed accounting and payroll integrated into one web-based product called Exponent. It's much more functional than QuickBooks AND less expensive. Here's the online demo login: https://www.thinkexponent.com/ e-mail: demo@demo.com password: demo Payroll is located in the Accounting tab.

Hmm, pricing page seems to want data that it can't find:

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Re: Ask HN: Payroll for bootstrapped startups?

#25

Earlier quoted context omitted.

We use PayCycle. It is $42.99 + (numEmployees - 5) * 1.50 per month no matter how many checks you generate. This means you aren't penalized for paying weekly or for generating reimbursement checks out of phase with your normal payroll cycle. I really like it. It generates export files which I import easily into QuickBooks. I'm very happy with it, I just wish it had an API so I could plug my timesheet system directly…

So with two employees i pay $38.50/mo? Or did you mean max( (numEmployees-5), 0 ) * $1.50

Oops. 2 employees would be $42.99.

Yes, I should have used max(). I copied that expression out of my budget spreadsheet and I added that cell after we had 5 or more employees, apparently.

Re: Ask HN: Payroll for bootstrapped startups?

#26

Earlier quoted context omitted.

We use PayCycle. It is $42.99 + (numEmployees - 5) * 1.50 per month no matter how many checks you generate. This means you aren't penalized for paying weekly or for generating reimbursement checks out of phase with your normal payroll cycle. I really like it. It generates export files which I import easily into QuickBooks. I'm very happy with it, I just wish it had an API so I could plug my timesheet system directly…

Is their system browser based as well? If so, seems like a clever Greasemonkey could greatly help with that automation (might need an temporary cache there somewhere). Scrape your web report, stuff the data somewhere (locally), then on their site, read your cached data and populate their forms.

Yes, their system is browser based.

Greasemonkey would probably work fine as you described, but I would be more comfortable with an actual API when committing funds.

Even with an API, I would probably still want to review the transaction on the web UI before committing.

Re: Ask HN: Payroll for bootstrapped startups?

#28

We use ADP. It's not very expensive and they do a good job of handling everything. I hear it can be quite costly if you're having people punch in and out, but for just a few guys programming on salary the cost is less than you'll probably spend on coffee. Anyone who has a small team of engineers and does it themselves is insane. You'd gain more from staying in the programming zone for 5 minutes than you'd save in pro…

Other posts here seem to think ADP is expensive for their use cases. Just for the record would you recommend ADP for very irregular payroll processing? Like once every six weeks say? We're not really "on salary."

Re: Ask HN: Payroll for bootstrapped startups?

#30

You don't need payroll until you've actually got employees. You can just distribute the amount earned based on equity ownership across the members in the LLC. This is termed "disbursements".

Yeah but that's not great if you have non-working members and useless if you want to pay based on hours.

As stated, it's only for members being paid on equity distributions.
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