If you run a small to medium-sized construction business in Seattle, Washington, you know how challenging it can be to manage your payroll and banking needs. You have to deal with complex tax regulations, fluctuating cash flow, multiple contractors and employees, and various payment methods. You need a solution that simplifies your payroll and banking processes, saves you time and money, and gives you peace of mind.
That’s why we recommend Gusto Payroll and Relay Financial as the perfect combination for your construction business. Gusto Payroll is an online payroll software that automates your payroll taxes, benefits administration, compliance reporting, and more. Relay Financial is a no-fee online banking platform that helps you efficiently manage your operating expenses and get deeper visibility into your cash flow.
Here are some of the benefits of integrating Gusto Payroll and Relay Financial for your construction business:
- Detailed transaction data: With Gusto Payroll and Relay Financial integration, you can easily see the details of every payment initiated by Gusto in your Relay account. You can distinguish the payroll cycle that a transaction belongs to, as well as the contractor name and method of payment for each contractor payment made by Gusto. This helps you keep track of your payroll expenses and reconcile them with your bank statements.
- Payroll shortfall alerts: With Gusto Payroll and Relay Financial integration, you can also receive email and in-app notifications weeks before a scheduled payroll when there is a risk of insufficient funds for an upcoming Gusto transaction. This helps you avoid overdraft fees or missed payments due to cash flow issues.
- Simplified account provisioning: With Gusto Payroll and Relay Financial integration, you can easily import your team members from Gusto into Relay with just a few clicks. This allows you to quickly provide them access to banking and debit cards without having to enter their information manually or go through paperwork.
- No account fees: Unlike traditional banks that charge monthly fees or minimum balance requirements for business accounts, Relay Financial does not charge any account fees or hidden costs. You can enjoy robust banking features without paying extra.
- FDIC insured: Your funds are safe with Relay Financial as they are FDIC insured up to $250k per account. You don’t have to worry about losing your money in case of bank failure or fraud.
- Visa® Zero Liability Protection: Your debit cards are protected by Visa® Zero Liability Protection which means you are not responsible for unauthorized charges made with your card or account information. You can report any suspicious activity on your card or account immediately and get reimbursed.
As you can see, Gusto Payroll and Relay Financial are a powerful duo that can help you streamline your payroll and banking operations for your construction business. Whether you have an existing Gusto account or want to create a new one from Relay, integrating them with Relay is easy and fast.
If you want to learn more about how Gusto Payroll and Relay Financial can help your construction business in Seattle, Washington, contact us at https://nextlevelbooksllc.com. We are experts in accounting services for construction businesses and we can help you set up these integrations seamlessly. We look forward to hearing from you soon!