As your company expands, you’ll be able to manage a larger number of people. Paying them on time is critical for reducing turnover, as is remaining up to date on all state and federal tax laws.
Fortunately, simple payroll software can make quick work of this task. Here’s everything you need to know about the top payroll software available today.
Related: 3 Signs You Should Outsource Payroll
Top 6 Best Payroll Software Systems
Consider the top payroll software companies on the market in terms of pricing, functionality, and usability in this section of the article.
1. Gusto
Gusto simplifies payroll management by being simple to use and compliant with all 50 state laws. This payroll software is completely equipped with a slew of useful features.
Benefits, healthcare plans, taxes, 401 thousand plans, and time tracking are all supported. It’s also fully interoperable with the vast majority of accounting software systems, including household brands such as FreshBooks, QuickBooks, and Xero.
Small companies can begin with the most basic Core plan and progress to more full-service alternatives as their operations expand. Gusto’s program includes HR services like onboarding and surveys at the higher Concierge level.
2. Square
Square is most known for its portable square-shaped credit card reader, but the firm has expanded to offer full-service payroll software as well. Square’s services, like Gusto’s, are customizable, so you may tailor the plan to your specific needs.
Full-time employees, part-time workers, and independent contractors may all be accommodated by the program, which pays hourly rates as well as monthly compensation. It can also manage health benefits, which employees may access through their Square accounts.
3. ADP
ADP is most likely the largest payroll outsourcing company in the United States. ADP has a great reputation and high customer service scores, despite being more expensive than some of the other alternatives.
Pros:
- When it comes to payroll companies, ADP is most likely the industry leader.
- They’ve been around for a long time and have a solid reputation with widespread brand awareness.
Cons:
- ADP is one of the more costly companies in this market, and with such a small company, it’s easy to feel like “just another client.”
- Their website does not include any pricing information. You must contact them for a personalized quotation.
4. Paychex
Paychex is one of the major payroll software companies, handling payroll for 8% of private-sector workers in the United States.
Pros:
- Paychex is another large payroll company.
- They are said to cover 8% of private-sector workers in the United States. Even with their entry-level plan, they automatically handle all local, state, and federal taxes for every registered employee.
Cons:
- Payroll professionals are frequently overworked, thus response times might be slow.
- Bonus checks, for example, might be difficult to establish. They may try to upsell you on other services on occasion.
5. Quickbooks
If you currently use Intuit Quickbooks to manage your business transactions, choosing their Enhanced Payroll or Full-Service Payroll option is a simple next step.
Pros:
- This is another well-known company with a strong reputation.
- If you currently use Quickbooks to manage your business transactions, using them for payroll services might be a simple step.
Cons:
- The pricing on their website is based on a three-month introductory deal.
- The “non-sale” price is double, making them one of the most costly alternatives.
- It’s also worth noting that multiple complaints have been lodged with the Better Business Bureau.
6. BambooHR
Payroll and HR work hand in hand, therefore consider HR software while shopping for payment solutions. BambooHR covers all bases by offering a separate payroll platform that works in tandem with its primary people management software.
This makes it extremely simple to onboard new staff and track hours from the start. Staff databases, application tracking, time off monitoring, and digital signatures are among the other features.
Related: How to Choose the Right HR and Payroll Management Software
Payroll Software Systems Frequently Asked Questions
Which is better, ADP or Paychex?
Paychex is seen to be the preferable alternative for SMBs.
Does ADP Outsource?
ADP’s human resource outsourcing services currently serve over 3 million workers.
How many payroll businesses exist in the United States?
500
Which payroll is best?
- OnPay.
- Gusto.
- ADP RUN.
Who is ADP’s biggest competitor?
- Oracle.
- SAP.
- UKG.
- Ceridian.
- Paycor.
Are ADP and Paychex the same?
Both ADP and Paychex are major payroll providers in the United States.
