Best Payroll Software
Tired of searching the web for proven payroll management software to streamline your payroll processing? Here is a list of the best payroll management software carefully formulated by Listcos after extensive research and in-depth analysis. The payroll systems software listed here enables automatic calculations, employee database, HR management, time tracking, vacation/leave tracking, direct deposit, multiple pay rates, payslip generation, wage garnishment, reporting & analytics, tax management, and insurance & benefits management. Leverage this list of the best payroll software with filters for features, business size, deployment type, and pricing model. Also, check the verified user reviews for the top payroll software for small businesses listed here. Payroll software is used to automate the process of paying employees. The main goal of payroll software is to simplify the process of calculating, distributing, and managing employee payrolls, while also ensuring that all tax and compliance regulations are met.
GreytHRGrape Garden, #29 & 30, 17th Main, 6th Block, Koramangala, Bengaluru - 560095 India +91-80-40225900
GreytHR platform is a suite of cloud HR and payroll software solutions. It is the best payroll software for small business and mid-size businesses. Offering a bouquet of productivity tools, this be...Read more
OnPay675 Ponce de Leon Avenue NE, Suite W207, Atlanta, GA 30308 United States +1 (877) 328-6505
OnPay is a cloud-based payroll software. It is a comprehensive system that commits to streamlining the process of payroll for companies. Designed for small and mid-size companies, it is the Best Pa...Read more
Paychex225 Kenneth Drive, Rochester, NY 14623. CA License 0C28207 United States +1 (855) 263-1021
Paychex is an integrated Human Resource and Payrolls solution. It combines various benefits, payroll management and human reso...Read more
Paycom7501 W. Memorial Road, Oklahoma City, OK 73142 United States +1 (800) 580 4505
Paycom is a cloud-based payroll software. It offers a Human Capital Management platform to businesses as well. This eases the task of tracking the employees in the job lifecycle. The software takes...Read more
FAQs for Payroll Software
What is Payroll Software?
Payroll software is a type of software that automates the process of paying employees. The main goal of payroll software is to simplify the process of calculating, distributing, and managing employee payrolls, while also ensuring that all tax and compliance regulations are met.
Payroll software typically includes features such as time tracking, payroll calculation, tax calculation, and direct deposit. This information is used to generate employee paychecks and payroll reports, which can be used for accounting, tax purposes, and other financial reporting needs.
Payroll software can be used by organizations of all sizes, from small businesses to large corporations. By using payroll software, organizations can improve the accuracy and efficiency of their payroll process, while also reducing the risk of compliance issues and saving time and resources.
Which tasks performs payroll software?
- # Time tracking: The software can track employee hours worked, including regular time, overtime, and vacation time.
- # Payroll calculation: The software calculates the employee’s gross pay, taxes, and other deductions, such as health insurance and retirement contributions.
- # Tax calculation: The software calculates and withholds the correct amount of federal, state, and local taxes based on the employee’s gross pay and tax status.
- # Direct deposit: The software can distribute employee paychecks directly to their bank accounts via direct deposit.
- # Payroll reports: The software can generate payroll reports, including pay stubs, W-2 forms, and other payroll-related reports, for accounting, tax, and compliance purposes.
- # Compliance: The software ensures that all payroll-related transactions comply with federal, state, and local tax and labor laws.
By automating these tasks, payroll software can improve the accuracy and efficiency of the payroll process, while also reducing the risk of compliance issues and saving time and resources.
How to choose best Payroll Software?
Here are some factors to consider when choosing the best payroll software:
- # Features: Determine the specific payroll-related tasks you need the software to perform, such as time tracking, payroll calculation, tax calculation, direct deposit, and payroll reporting. Look for software that offers the features you need.
- # User-friendly interface: Look for software with an intuitive interface that is easy to use, even for employees with little to no experience with payroll software.
- # Integration with other systems: Consider software that integrates with your existing accounting, HR, and other business systems, so that you can streamline your payroll processes and reduce the risk of errors.
- # Price: Payroll software can vary widely in price, so it’s important to compare costs and choose software that fits your budget. Some payroll software may charge a monthly fee, while others charge per employee or per payroll run.
- # Customer support: Look for software with good customer support, including access to a knowledgeable support team and helpful resources, such as user guides and FAQs.
- # Security: Ensure that the payroll software you choose is secure and complies with all relevant data protection regulations, such as the General Data Protection Regulation (GDPR) in the EU.
- # Scalability: Consider software that can grow with your business, so you don’t have to switch to a new payroll system as your organization expands.
By considering these factors, you can choose the best payroll software for your organization and improve the efficiency, accuracy, and security of your payroll processes.