QuickBooks Payroll vs Oyster (2024 Comparison)
QuickBooks Payroll offers comprehensive payroll features and seamless integration with QuickBooks, making it an excellent choice for businesses seeking efficient payroll management.
- Comprehensive payroll features.
- Seamless QuickBooks integration.
- User-friendly interface.
- Limited global compliance.
- Higher cost for small businesses.
Free plan?
YesStarting price
$42.50 per month
Oyster provides global compliance capabilities and seamless remote hiring, making it ideal for companies looking to manage a distributed workforce effectively.
- Global compliance capabilities.
- Seamless remote hiring.
- User-friendly platform.
- Higher learning curve.
- Limited local payroll features.
Free plan?
YesStarting price
USD25 per employee/monthWhat is QuickBooks Payroll?
QuickBooks Payroll is a comprehensive payroll management solution designed to simplify the payroll process for businesses of all sizes. It offers features like automated tax calculations, direct deposit, and employee self-service portals. This tool helps businesses save time and reduce errors by automating payroll tasks, ensuring compliance with tax regulations, and providing detailed payroll reports. With QuickBooks Payroll, you can focus more on growing your business and less on administrative tasks.
What is Oyster?
Oyster is a global employment platform that enables companies to hire, pay, and manage a distributed workforce seamlessly. It offers features like automated compliance, payroll management, and employee benefits administration. Oyster helps businesses expand their talent pool by hiring remote employees from anywhere in the world, ensuring compliance with local labor laws, and providing a smooth onboarding experience. This tool is ideal for companies looking to embrace remote work and build a diverse team.
Pros and Cons of QuickBooks Payroll vs Oyster
Pros & Cons of QuickBooks Payroll
- QuickBooks Payroll offers a wide range of payroll features, including automated tax calculations, direct deposit, and employee self-service portals. These features streamline payroll processes and reduce administrative workload, making it an excellent choice for businesses seeking efficient payroll management.
- One of the standout features of QuickBooks Payroll is its seamless integration with QuickBooks accounting software. This integration allows for easy data transfer and synchronization, ensuring accurate financial records and simplifying bookkeeping tasks.
- QuickBooks Payroll is known for its intuitive and user-friendly interface, making it easy for users to navigate and manage payroll tasks. This ease of use is particularly beneficial for small business owners and HR professionals who may not have extensive payroll experience.
- While QuickBooks Payroll excels in U.S. payroll management, it has limited capabilities for global compliance. Businesses with international employees may find it challenging to manage payroll and compliance requirements in multiple countries.
- QuickBooks Payroll can be relatively expensive for small businesses, especially those with limited budgets. The cost may be a consideration for startups and small companies looking for a more budget-friendly payroll solution.
Pros & Cons of Oyster
- Oyster excels in global compliance, ensuring adherence to local labor laws and regulations worldwide. This capability is invaluable for companies with international employees, providing peace of mind and reducing compliance risks.
- Oyster simplifies the process of hiring remote employees from anywhere in the world. Its platform streamlines onboarding, payroll, and compliance, making it easy for companies to expand their talent pool and build a diverse team.
- Oyster offers a user-friendly platform that simplifies global workforce management. Its intuitive interface and comprehensive features make it easy for HR professionals and business owners to navigate and manage their global teams effectively.
- Oyster's platform may have a higher learning curve for users who are new to global workforce management. It may take some time for users to become familiar with its features and capabilities.
- While Oyster excels in global payroll management, it may have limited features for managing local payroll in specific countries. Businesses with primarily local employees may find other payroll solutions more suitable for their needs.
QuickBooks Payroll vs Oyster: At A Glance
Value to Price
Value to Price is a critical dimension that evaluates the cost-effectiveness of a software tool. QuickBooks Payroll offers a robust set of features at a competitive price, making it a great choice for small to medium-sized businesses. Oyster, on the other hand, provides excellent value for companies looking to manage a global workforce, with its comprehensive features and global reach. If you are looking for a cost-effective solution for global employment, Oyster is the better choice.
Ease of Use
Ease of Use measures how user-friendly a software tool is. QuickBooks Payroll is known for its intuitive interface, making it easy for users to navigate and manage payroll tasks. Oyster also scores high in this dimension, with a user-friendly platform that simplifies global hiring and compliance. If you prioritize ease of use in managing a global workforce, Oyster is the better option.
Functionality
Functionality assesses the range of features and capabilities a software tool offers. QuickBooks Payroll provides comprehensive payroll management features, including tax calculations and direct deposit. Oyster excels in functionality with its global employment capabilities, offering automated compliance and payroll management. If you need advanced functionality for global workforce management, Oyster is the superior choice.
Scalability
Scalability evaluates how well a software tool can grow with your business. QuickBooks Payroll is scalable for businesses of various sizes, making it suitable for growing companies. Oyster is designed for scalability, allowing businesses to expand their workforce globally without hassle. If you plan to scale your business internationally, Oyster is the better option.
Integrations
Integrations measure how well a software tool can connect with other systems. QuickBooks Payroll offers seamless integrations with other QuickBooks products and third-party applications. Oyster also provides integrations with various HR and payroll systems, enhancing its functionality. If you need extensive integration options, QuickBooks Payroll is the better choice.
Customer Support
Customer Support evaluates the quality and availability of support services. QuickBooks Payroll offers reliable customer support, with various channels for assistance. Oyster provides excellent support for global employment, ensuring compliance and smooth operations. If you require strong customer support for global workforce management, Oyster is the better option.
Security
Security assesses the measures a software tool takes to protect data. QuickBooks Payroll implements robust security protocols to safeguard sensitive payroll information. Oyster also prioritizes security, ensuring compliance with global data protection regulations. If security is a top priority for managing a global workforce, Oyster is the better choice.
Overall Rating
Overall Rating is a comprehensive assessment of a software tool's performance across all dimensions. QuickBooks Payroll is a reliable choice for businesses seeking efficient payroll management. Oyster stands out for its global employment capabilities, making it the preferred option for companies looking to manage a distributed workforce. If you need a comprehensive solution for global workforce management, Oyster is the superior choice.
QuickBooks Payroll vs Oyster: A Detailed Breakdown of Key Features
Automated Tax Calculations
When it comes to automated tax calculations, QuickBooks Payroll shines with its precise and reliable calculations, ensuring compliance with tax regulations. I found it incredibly helpful in reducing manual errors and saving time. Oyster also offers automated tax calculations, but its strength lies in handling global tax compliance, which is a boon for companies with international employees. If your business operates globally, Oyster's tax compliance features are invaluable.
Direct Deposit
Direct deposit is a crucial feature for any payroll system. QuickBooks Payroll offers a seamless direct deposit experience, allowing employees to receive their paychecks promptly. I appreciated the convenience it brought to payroll processing. Oyster also provides direct deposit, but its focus is on facilitating payments to a global workforce, making it ideal for companies with remote employees. If you need to manage payments for a distributed team, Oyster is the better choice.
Employee Self-Service
Employee self-service portals empower employees to access their payroll information independently. QuickBooks Payroll offers a user-friendly self-service portal, which I found beneficial for reducing administrative workload. Oyster's self-service portal is equally impressive, with a focus on providing a seamless experience for global employees. If you have a diverse workforce, Oyster's self-service features are a great asset.
Global Compliance
Global compliance is a critical consideration for companies with international employees. QuickBooks Payroll provides compliance features for U.S. regulations, but Oyster excels in global compliance, ensuring adherence to local labor laws worldwide. I found Oyster's compliance features invaluable for managing a global workforce. If your business operates internationally, Oyster's compliance capabilities are unmatched.
Payroll Management
Payroll management is at the core of both QuickBooks Payroll and Oyster. QuickBooks Payroll offers comprehensive payroll management features, including automated calculations and reporting. I appreciated its efficiency in handling payroll tasks. Oyster, however, takes payroll management to the next level with its global capabilities, making it ideal for companies with a distributed workforce. If you need advanced payroll management for a global team, Oyster is the superior choice.
Employee Benefits Administration
Employee benefits administration is an essential feature for attracting and retaining talent. QuickBooks Payroll offers benefits administration features, but Oyster stands out with its global benefits management, providing a competitive edge for companies with international employees. I found Oyster's benefits administration features particularly useful for managing a diverse workforce. If you need to offer competitive benefits to a global team, Oyster is the better option.
Pricing Comparison of QuickBooks Payroll and Oyster
To assist you in making an informed choice, we’ve outlined the pricing plans and essential features of QuickBooks Payroll and Oyster. This comparison will highlight the best option for managing your payroll and global workforce.
QuickBooks Payroll Pricing Plans
- Auto Payroll feature to ensure timely and accurate payroll processing.
- Employee portal for easy access to pay stubs and tax forms.
- Track income and expenses to maintain financial clarity.
- Invoice and accept payments to streamline cash flow management.
- Run enhanced reports to gain deeper insights into business performance.
- Manage bills and enter time to streamline operations.
- Connect up to 3 sales channels for expanded reach.
- Includes 3 users to facilitate team collaboration.
- 24/7 expert product support for uninterrupted assistance.
- Track project profitability to optimize resource allocation.
- Track inventory to manage stock levels effectively.
- Includes 5 users to support larger teams.
Oyster Pricing Plans
- Onboard contractors quickly and efficiently in just minutes.
- Pay invoices seamlessly in 140+ currencies worldwide.
- Manage expenses, time off, and more with comprehensive tools.
- Ensure accurate and compliant employee payments globally.
- Receive expert support from dedicated payroll specialists.
- Generate detailed payslips and comprehensive reports.
- Onboard talent swiftly, often within 48 hours.
- Run payroll in 140+ currencies with ease.
- Access employment intelligence and expert support.
- Reuse seats at no extra cost for flexibility.
- Benefit from speedy bulk onboarding processes.
- Access dedicated support managers for assistance.
Our Rating Methodology
We thoroughly evaluate each payroll and global employment platform, assessing key features like functionality, scalability, and security. We also analyze user reviews to ensure our recommendations fit your needs. Each of the seven evaluation factors is weighted by importance to provide an accurate final rating, helping you avoid poor-quality tools and make informed decisions.
QuickBooks Payroll or Oyster: Which One Matches Your Business Needs?
Choose QuickBooks Payroll If You Need ...
- Comprehensive payroll management
If you are a business owner looking for a comprehensive payroll management solution, QuickBooks Payroll is an excellent choice. Its robust features, including automated tax calculations and direct deposit, streamline payroll processes and reduce administrative workload.
- Seamless QuickBooks integration
If you are already using QuickBooks accounting software, QuickBooks Payroll offers seamless integration, allowing for easy data transfer and synchronization. This integration ensures accurate financial records and simplifies bookkeeping tasks.
Choose Oyster If You Need ...
- Global workforce management
If you are a company looking to manage a global workforce, Oyster is the ideal choice. Its global compliance capabilities and seamless remote hiring make it easy to expand your talent pool and build a diverse team.
- Advanced global compliance
If you need advanced global compliance features, Oyster excels in ensuring adherence to local labor laws and regulations worldwide. This capability is invaluable for companies with international employees, providing peace of mind and reducing compliance risks.
Frequently Asked Questions
What are the key differences between QuickBooks Payroll and Oyster?
Which tool is better for small businesses?
How do QuickBooks Payroll and Oyster handle global compliance?
Can QuickBooks Payroll integrate with other software?
Is Oyster suitable for companies with remote employees?
What are the pricing plans for QuickBooks Payroll and Oyster?
Martin Lunendonk
Martin Lunendonk is a senior tech writer specializing in website builders, web hosting, and ecommerce platforms. With a background in finance, accounting, and philosophy, he has founded multiple tech startups and worked in medium to large tech companies and investment banking, bringing deep expertise and reliable insights to his software reviews.
