Business owners can take their company to the next level by simplifying employee payments, tax filing, and more when they choose the right payroll processing software. Your choice in payroll software should make it easy to manage your company’s payroll, benefits, human resources, etc. in an all-in-one modern platform. We have done the research on the top payroll services and included the top 5 below. Check out our top 5 payroll processing software below to help make the right decision for your business.
#1- ADP- our choice
This software is easy to use and has multiple reports for business insights. ADP has a knowledgeable and responsive support team if you do come across any issues, but users find this software simple to use and configure. ADP has time tracking and attendance for compliance with laws and integrations with 3rd party apps and service providers. When you sign up with ADP you get three months free, but their pricing structure is not publicly listed as their pricing structure is tailored to individual needs. On average you can expect to pay around $10/month/user; however, this price can considerably increase depending on add-ons and your contract structure. ADP is available in the cloud and through mobile apps to provide easy access from anywhere. Additionally, ADP offers robust reporting, automatic flags on possible errors, direct debit, check printing, state unemployment insurance management, debit cards, and much more. It is important to mention that the employee portal is different from the main payroll app and different logins are required for the time management and payroll portions of the app.
#2- OnPay
This software is loved by many small businesses due to its large range of services included in the basic cost. OnPay has a fast and courteous customer support team and the 30 day trial period with no long-term contract commitment makes deciding on a software even easier. Everything you need to do with the monthly payroll seems to be covered with services offered. These services include full service payroll, human resources, benefits, paid time off, and COVID-19 support. OnPay has an accuracy guarantee in regards to automated tax filings, payments, and older records. This software has a one tier pricing package of $36/month plus $4/month/user. Unfortunately, OnPay does not have an auto payroll option or international service available so this should be considered when making a decision for your company’s payroll processing software.
#3- Paychex
This software is an all-in-one easy to use platform and although it is one of the oldest companies of its type, it is modern and efficient. Paychex offers basic features and add-on features for a customized experience. Paychex has tools such as wage garnishment, time and attendance tracking, employee benefits, human resource solutions, and more. Limited pricing information is listed as business owners can tailor their needs; however, entry-level pricing is $59/month plus $4/month/user. This software also has 24/7 customer support, but is unique as when you register for an account you are assigned a personal account representative. Having your own representative allows Paychex to deliver better support, which comes in handy if you experience any user issues along the way. Also, they offer multiple training resources for business owners to take advantage of.
#4- Gusto
This software was designed for small business owners who wish to automate their payroll process. Gusto provides all of the features business owners need such as flexible payroll schedules, direct deposit, new hire reporting, healthcare and retirement plan administration, and more. This payroll processing software also assists with payroll taxes, including 1099s for any contract employees. Gusto offers four plans with the basic plan priced at $19/month plus $6/month/user. However, if your business has more than 20 employees, the fee structure can become expensive as their largest plan is $149/month plus $12/month/user. Furthermore, you will be charged for all active employees whether that employee is paid or not. Regardless, Gusto is easy to use and provides step-by-step instructions for a variety of topics. While they do not offer 24/7 support, Gusto offers telephone, email, and chat support during business hours.
#5- Deluxe
This software is enjoyed by many, mostly for the 100% tax penalty protection and free setup and data transfer from other providers. Deluxe offers features such as a customizable pay grid, payroll reporting, intuitive dashboard, and more. While Deluxe offers a lot of features, it is easy to use and states there are just three simple steps involved to enter payroll. This software also includes customer support via phone, email, or live chat. Plus, support staff have training on business finance topics. Additionally, you can link your Deluxe data to several accounting software solutions. If you don’t see the software on the Deluxe site, you can contact them to see if any tool not listed is available for integration. If not, Deluxe states they can let you know if they’re able to create an integration for you. Deluxe also does not show exact pricing on their website, but does offer a 90-day money back guarantee.
While many business owners struggle with payroll, the right payroll processing software can ease the struggle and free up a lot of time. Navigating the nuances of payroll and tax compliances isn’t easy and doing it wrong or late can cause legal issues and unhappy employees. However, there are plenty of payroll processing software to choose from regardless of your company size and price point. Thanks to advances in integration and cloud technology, payroll software has flourished and provides all the features your business needs.
TK Accounting & Consulting 