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Square Is Rolling Out a Payroll Product Employees can check in and out from the same dashboard where the business processes payments.

By Catherine Clifford

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Square

Small-business owners who use Square software to process payments can now also use that same dashboard to pay their employees.

Square Payroll, unveiled today, is only available for California entrepreneurs so far, but the San Francisco-based tech company says it will be expanding the service to other states "soon."

The new software is geared toward the small-business owner who pays staff by the hour, though it can also be used for salaried staff. The system automatically imports employee hours from the register and sends payments when hours are approved. Business owners can also add commission or bonus payments for each employee and manage federal and state payroll tax payments, witholdings and filings.

Related: Square Raises More Money to Make Small-Business Loans

Square Payroll costs $20 per month, plus $5 for each employee paid that month.

The move positions Square to compete with big players such as Intuit and ADP.

To see more about how the software works, have a look at the video below:

Related: Square Makes Its Register Software Free Worldwide

Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

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