Toast Payroll

More About Toast Payroll

Toast is a restaurant management platform designed to streamline operations, enhance guest experiences, and boost sales. Founded in 2012, Toast offers an all-in-one, cloud-based point of sale (POS) system built on the Android operating system, tailored specifically for the food service industry. 

Key Features

• Payroll Processing: Calculates wages, and tax deductions, and manages direct deposits.
• Employee Management: Includes scheduling, time tracking, and hiring tools.
• Benefits Administration: Offers options for healthcare, retirement, and employee benefits.
• Compliance & Tax Filing: Helps maintain compliance with federal, state, and local tax regulations.
• Integration with POS: Connects with Toast POS for wage calculations based on hours worked.
• Self-Service Portal: Allows employees to check pay stubs, schedules, and benefits.
• Automated Reporting: Generates reports on labor costs and tax filings.

Pricing

Pricing for Toast Payroll & Team Management varies depending on the size and specific needs of the business. Additional costs may be associated with premium HR features and integrations.

Advantages and Disadvantages 

Advantages 

• Integrated with Toast POS for payroll automation.
• Provides tax compliance tools.
• Includes a self-service portal for employees.
• Supports workforce management features.

Disadvantages

• Pricing details are not publicly listed.
• Features may be more than required for smaller restaurants.
• Limited compatibility with third-party applications.

Use Case

Suitable for restaurant owners managing payroll and HR tasks while ensuring tax and labor law compliance. It is beneficial for multi-location establishments and businesses requiring payroll automation.

Alternatives to Toast Payroll

• Gusto – Payroll and HR software with automation and tax compliance features.
• ADP Run – Designed for small businesses needing payroll and benefits management.
• Paychex Flex – Offers payroll processing, tax compliance, and employee benefits.
• Square Payroll – An option for small businesses with automated payroll processing.
• QuickBooks Payroll – Integrated with QuickBooks accounting software for streamlined payroll and tax filing.