Square Is Rolling Out a Payroll Product

Square Is Rolling Out a Payroll Product
Image credit: Square

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Senior Entrepreneurship Writer at CNBC
1 min read

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

Square Payroll, unveiled today, is only available for 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 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

More from Entrepreneur

We created the SYOB course to help you get started on your entrepreneurial journey. You can now sign up for just $99, plus receive a 7-day free trial. Just use promo code SYOB99 to claim your offer.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
From business to marketing, sales, design, finance, and technology, we have the top 3 percent of Experts ready to work for you. Join the future of work and learn more about our Expert solutions!

Latest on Entrepreneur