Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. Alternatively, if you’re interested in outsourcing payroll to the pros, check out the best payroll services for small businesses. It can streamline and speed up your payroll process. As you grow and your payroll needs become more complex, however, you may want to consider using a payroll software in addition to these templates. Most of them are customizable and tailored to a variety of employee and payroll scenarios. That’s why you want to avoid overly complicated templates that can be difficult to understand and use.įree payroll templates are particularly useful if you’re doing payroll yourself. Ease of Use: The goal of a payroll template is to make it easier to process payment.Opt for the format that you and your team are most comfortable with. Format: Payroll templates come in a variety of formats, such as Microsoft Excel and Word, Google Sheets and PDF.On the flip side, if your workers are salaried, it needs to accommodate their salaries. Type of Workers: If you have hourly employees, the template should cater to them.This may be weekly, biweekly, bimonthly or monthly. Payroll Schedule: Of course, the template you choose should adhere to the payroll schedule you’ve implemented.

To select the ideal one for your particular business, consider the following: Not all free payroll templates are created equal.

Excel payroll hours calculator template