Live data from Hacker News

Payroll startup Gusto raises $200M

techcrunch.com

21–30 of 159 posts

Re: Payroll startup Gusto raises $200M

#22
post #18

It seems like a good product, though I always get very uneasy by companies that have extreme company cultures. If you work there, you can’t wear shoes in the office (to give the feeling of being at home?) and apparently you need to change your LinkedIn headline to say you “Empower” X or Y. I feel like every blog post I’ve ever seen from this company is about their “mission-driven culture.” Can we go back to a time wh…

Source?

Re: Payroll startup Gusto raises $200M

#24
post #18

It seems like a good product, though I always get very uneasy by companies that have extreme company cultures. If you work there, you can’t wear shoes in the office (to give the feeling of being at home?) and apparently you need to change your LinkedIn headline to say you “Empower” X or Y. I feel like every blog post I’ve ever seen from this company is about their “mission-driven culture.” Can we go back to a time wh…

In Finland it is common for people to remove shoes indoors - I guess walking through slush/ice/snow in winters makes that a good habit - and that often extends to company-offices. Of course outside there it would seem a little odd to many, I'm sure. Though sliding around polished floor, in your socks? Never gets old. Maybe I'm just a child..

This is in SF and I assure you no other company does this.

Re: Payroll startup Gusto raises $200M

#25
post #9
post #7

Oh good! I love Gusto, and their customer service has been stellar. I hope this allows them to get into more areas of payroll that I hate dealing with, like worker's comp insurance, or just managing my insurance for employees in general. That's my biggest sticking point, especially since I have people working in multiple states.

Hi! Cofounder and CTO here. We offer workers compensation insurance in all 50 states!

Would love to see the API open up/be offered again!

We don’t use Quickbooks, but currently we are hacking the Quickbooks export with a bunch of JSON in the configuration UI, to provide extra context and more detail for team breakdowns, etc.

Re: Payroll startup Gusto raises $200M

#26
post #18

It seems like a good product, though I always get very uneasy by companies that have extreme company cultures. If you work there, you can’t wear shoes in the office (to give the feeling of being at home?) and apparently you need to change your LinkedIn headline to say you “Empower” X or Y. I feel like every blog post I’ve ever seen from this company is about their “mission-driven culture.” Can we go back to a time wh…

In Finland it is common for people to remove shoes indoors - I guess walking through slush/ice/snow in winters makes that a good habit - and that often extends to company-offices. Of course outside there it would seem a little odd to many, I'm sure. Though sliding around polished floor, in your socks? Never gets old. Maybe I'm just a child..

Right, but it's not weird there when everyone does it. This would be analogous to a "Change the world" company in Finland requiring everyone to walk around in the office in their full snow shoes.

Re: Payroll startup Gusto raises $200M

#27
post #18

It seems like a good product, though I always get very uneasy by companies that have extreme company cultures. If you work there, you can’t wear shoes in the office (to give the feeling of being at home?) and apparently you need to change your LinkedIn headline to say you “Empower” X or Y. I feel like every blog post I’ve ever seen from this company is about their “mission-driven culture.” Can we go back to a time wh…

> Can we go back to a time where employees aren’t asked to be 100% emotionally attached to their work

When was this? Post-War corporations sported a common uniform. Industrial Era culture was demandingly monotonous and before that we’re talking about guilds and their customs.

Broadly speaking, there are benefits at multiple levels to having a cohesive company culture (including eclectic traditions). We’re just seeing more variety in those traditions.

Re: Payroll startup Gusto raises $200M

#28
I tried to use Gusto but no where on their site did it say I couldn't use it if I only had contractors. Their support was pretty bad about it too.

Ended up going with Square Payroll which supports my model AND does it all for no monthly fee.

Re: Payroll startup Gusto raises $200M

#29
post #17
post #14

I love it when I don't have to think about things, and Gusto combined with Stripe (Atlas and card processing) have made it possible for me to not ever think about a whole lot of things. Now if only there was a company as good as Stripe/Gusto that did accounting+taxes, I'd really be set! I mean, "I give you access to my accounts, (almost) never think about you, and I have a proper set of books and my taxes are fully d…

I heard many good things about bench.co.

I'm actually a customer of Bench.co, but I've been somewhat frustrated and thinking about leaving. First, they are very slow-- the books for a given month are usually finalized at least a month later (so your May books won't be fully ready until July, sometimes even later). By the time they are ready, the information is "old news" and not useful for decision making. I end up running queries against my Stripe data to get more up-to-date financial info.

Also, they keep asking me to manually classify the same transactions every month, things that have always shown up in my books every month. I would think they would have learned by now, and that they haven't is a red flag that makes me wonder what else is broken.

Finally, they don't actually do taxes. My ideal bookkeeping system would automatically handle that so I don't have to think about it, in the same way that my Gusto payroll runs automatically without me having to even remember that it's happening.

Re: Payroll startup Gusto raises $200M

#30
post #14

I love it when I don't have to think about things, and Gusto combined with Stripe (Atlas and card processing) have made it possible for me to not ever think about a whole lot of things. Now if only there was a company as good as Stripe/Gusto that did accounting+taxes, I'd really be set! I mean, "I give you access to my accounts, (almost) never think about you, and I have a proper set of books and my taxes are fully d…

Can you expand on your setup?
Post reply on HN