Payroll management software is a type of software designed to automate the process of managing employee compensation, including salaries, wages, bonuses, deductions, and taxes. This software helps businesses streamline their payroll process, reduce errors, and ensure compliance with labor laws and regulations.
Some of the features that are typically included in payroll management software include:
- Employee information management: This feature allows you to manage employee data, such as personal information, job titles, and pay rates.
- Payroll processing: This feature enables you to calculate employee paychecks, including deductions and taxes, based on various factors such as hours worked and salary.
- Direct deposit and payment processing: This feature lets you deposit employee paychecks and manage payment processing electronically.
- Tax management: This feature helps you manage tax withholding and reporting requirements, such as generating W-2 forms and paying federal and state payroll taxes.
- Reporting and analytics: This feature enables you to generate reports on payroll data and analyze trends in employee compensation.
Best Payroll Management Software
Some of the key features of ADP Workforce Now include:
- Payroll processing: ADP Workforce Now offers automated payroll processing, tax filing, and direct deposit options to ensure accurate and timely employee payments.
- HR management: The software provides tools for managing employee records, performance evaluations, and employee self-service portals for managing personal information.
- Time and attendance tracking: ADP Workforce Now offers time and attendance tracking tools, including time clocks, mobile apps, and web-based time sheets to track employee hours accurately worked.
- Benefits administration: The software helps businesses manage employee benefits, including health insurance, retirement plans, and other perks.
- Compliance management: ADP Workforce Now helps businesses comply with federal and state payroll, HR, and benefits administration regulations.
ADP Workforce Now is designed for small to mid-sized businesses, pricing based on the number of employees and the specific features needed. The cloud-based software can be accessed from anywhere with an internet connection, making it an excellent option for businesses with remote or distributed teams.
2. Gusto
Some of the key features of Gusto include:
- Payroll processing: Gusto offers an automated payroll processing system that calculates and processes payroll taxes, with options for direct deposit or paper checks.
- Employee benefits administration: The software helps businesses manage employee benefits, including health insurance, 401(k) plans, and other benefits.
- Compliance management: Gusto helps businesses comply with federal and state payroll and benefits administration regulations.
- HR management: Gusto provides HR management tools, including employee onboarding, time-off management, and document management.
- Mobile app: Gusto offers a mobile app that allows employees to access their pay stubs, request time off, and manage their personal information.
Gusto offers to price based on the number of employees and the specific features needed, making it an affordable option for small businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, Gusto integrates with various third-party software, including accounting software and time-tracking tools, to streamline payroll and HR management processes.
3. Paychex
Some of the key features of Paychex include:
- Payroll processing: Paychex offers an automated payroll processing system that calculates and processes payroll taxes, with options for direct deposit or paper checks.
- Tax filing: The software helps businesses comply with federal, state, and local payroll tax regulations and offers tax filing services to ensure accurate and timely tax payments.
- Employee benefits administration: Paychex helps businesses manage employee benefits, including health insurance, retirement plans, and other benefits.
- Time and attendance tracking: The software offers time and attendance tracking tools, including time clocks, mobile apps, and web-based time sheets to track employee hours accurately worked.
- HR management: Paychex provides HR management tools, including employee onboarding, time-off management, and document management.
Paychex offers pricing based on the number of employees and the specific features needed, making it an affordable option for small and mid-sized businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, Paychex integrates with various third-party software, including accounting software and time-tracking tools, to streamline payroll and HR management processes.
Some of the key features of QuickBooks Payroll include:
- Payroll processing: QuickBooks Payroll offers an automated payroll processing system that calculates and processes payroll taxes, with options for direct deposit or paper checks.
- Tax filing: The software helps businesses comply with federal, state, and local payroll tax regulations and offers tax filing services to ensure accurate and timely tax payments.
- Employee benefits administration: QuickBooks Payroll helps businesses manage employee benefits, including health insurance, retirement plans, and other benefits.
- Time and attendance tracking: The software offers time and attendance tracking tools, including time clocks, mobile apps, and web-based time sheets to track employee hours accurately worked.
- HR management: QuickBooks Payroll provides HR management tools, including employee onboarding, time off management, and document management.
QuickBooks Payroll offers pricing based on the number of employees and the specific features needed, making it an affordable option for small businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, QuickBooks Payroll integrates with QuickBooks Online and other third-party software to streamline payroll and HR management processes.
5. Zenefits
Some of the key features of Zenefits include:
- Payroll processing: Zenefits offers an automated payroll processing system that calculates and processes payroll taxes, with options for direct deposit or paper checks.
- Tax filing: The software helps businesses comply with federal, state, and local payroll tax regulations and offers tax filing services to ensure accurate and timely tax payments.
- Employee benefits administration: Zenefits helps businesses manage employee benefits, including health insurance, retirement plans, and other benefits.
- Time and attendance tracking: The software offers time and attendance tracking tools, including time clocks, mobile apps, and web-based time sheets to track employee hours accurately worked.
- HR management: Zenefits provides HR management tools, including employee onboarding, time-off management, and document management.
Zenefits offers pricing based on the number of employees and the specific features needed, making it an affordable option for small and mid-sized businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, Zenefits integrates with a variety of third-party software, including accounting software and time tracking tools, to streamline payroll and HR management processes.
6. Xero Payroll
Some of the key features of Xero Payroll include:
- Payroll processing: Xero Payroll offers an automated payroll processing system that calculates and processes payroll taxes, with options for direct deposit or paper checks.
- Tax filing: The software helps businesses stay compliant with federal, state, and local payroll tax regulations, and offers tax filing services to ensure accurate and timely tax payments.
- Employee benefits administration: Xero Payroll helps businesses manage employee benefits, including health insurance, retirement plans, and other benefits.
- Time and attendance tracking: The software offers time and attendance tracking tools, including time clocks, mobile apps, and web-based time sheets to accurately track employee hours worked.
- HR management: Xero Payroll provides HR management tools, including employee onboarding, time off management, and document management.
Xero Payroll offers pricing based on the number of employees and the specific features needed, making it an affordable option for small businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, Xero Payroll integrates with a variety of third-party software, including accounting software and time tracking tools, to streamline payroll and HR management processes.
7. BambooHR
Some of the key features of BambooHR include:
- Employee data management: BambooHR offers a centralized database for employee data management, including contact information, employment history, and performance reviews.
- Time tracking: The software provides tools for tracking employee time off, including vacation days, sick days, and personal days.
- Benefits administration: BambooHR helps businesses manage employee benefits, including health insurance, retirement plans, and other benefits.
- Payroll processing: BambooHR provides payroll processing services, including automatic tax calculation and payment, direct deposit, and tax form preparation.
- HR management: The software provides HR management tools, including employee onboarding, time off management, and document management.
BambooHR offers pricing based on the number of employees and the specific features needed, making it an affordable option for small and mid-sized businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, BambooHR integrates with a variety of third-party software, including payroll and accounting software, to streamline payroll and HR management processes.
8. Namely
Some of the key features of Namely include:
- Payroll processing: Namely offers an automated payroll processing system that calculates and processes payroll taxes, with options for direct deposit or paper checks.
- Tax filing: The software helps businesses comply with federal, state, and local payroll tax regulations and offers tax filing services to ensure accurate and timely tax payments.
- Employee benefits administration: Namely helps businesses manage employee benefits, including health insurance, retirement plans, and other benefits.
- Time and attendance tracking: The software offers time and attendance tracking tools, including time clocks, mobile apps, and web-based time sheets to track employee hours accurately worked.
- HR management: Namely provides HR management tools, including employee onboarding, time-off management, and document management.
Namely offers to price based on the number of employees and the specific features needed, making it an affordable option for small and mid-sized businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, Namely integrates with various third-party software, including accounting software and time-tracking tools, to streamline payroll and HR management processes.
9. Rippling
Some of the key features of Rippling include:
- Payroll processing: Rippling offers an automated payroll processing system that calculates and processes payroll taxes, with options for direct deposit or paper checks.
- Tax filing: The software helps businesses stay compliant with federal, state, and local payroll tax regulations and offers tax filing services to ensure accurate and timely tax payments.
- Employee benefits administration: Rippling helps businesses manage employee benefits, including health insurance, retirement plans, and other benefits.
- Time and attendance tracking: The software offers time and attendance tracking tools, including time clocks, mobile apps, and web-based time sheets to track employee hours accurately worked.
- IT management: Rippling provides IT management tools, including device management, software management, and access management to streamline IT management processes.
Rippling offers pricing based on the number of employees and the specific features needed, making it an affordable option for small and mid-sized businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, Rippling integrates with a variety of third-party software, including accounting software and time tracking tools, to streamline payroll and HR management processes.
10. Sage HRMS
Some of the key features of Sage HRMS include:
- Payroll processing: Sage HRMS offers an automated payroll processing system that calculates and processes payroll taxes, with options for direct deposit or paper checks.
- Tax filing: The software helps businesses stay compliant with federal, state, and local payroll tax regulations, and offers tax filing services to ensure accurate and timely tax payments.
- Employee benefits administration: Sage HRMS helps businesses manage employee benefits, including health insurance, retirement plans, and other benefits.
- Time and attendance tracking: The software offers time and attendance tracking tools, including time clocks, mobile apps, and web-based time sheets to track employee hours accurately worked.
- HR management: Sage HRMS provides HR management tools, including employee onboarding, time off management, and document management.
Sage HRMS offers pricing based on the number of employees and the specific features needed, making it an affordable option for small and mid-sized businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, Sage HRMS integrates with a variety of third-party software, including accounting software and time tracking tools, to streamline payroll and HR management processes. Note that as an on-premise software, Sage HRMS requires installation on a local server, which may require additional IT support.
11. Paycor
Some of the key features of Paycor include:
- Payroll processing: Paycor offers an automated payroll processing system that calculates and processes payroll taxes, with options for direct deposit or paper checks.
- Tax filing: The software helps businesses comply with federal, state, and local payroll tax regulations, and offers tax filing services to ensure accurate and timely tax payments.
- Employee benefits administration: Paycor helps businesses manage employee benefits, including health insurance, retirement plans, and other benefits.
- Time and attendance tracking: The software offers time and attendance tracking tools, including time clocks, mobile apps, and web-based time sheets to accurately track employee hours worked.
- HR management: Paycor provides HR management tools, including employee onboarding, time off management, and document management.
Paycor offers pricing based on the number of employees and the specific features needed, making it an affordable option for small and mid-sized businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, Paycor integrates with a variety of third-party software, including accounting software and time tracking tools, to streamline payroll and HR management processes. Paycor also offers industry-specific solutions for healthcare, hospitality, and manufacturing businesses.
12. APS Payroll
Some of the critical features of APS Payroll include:
- Payroll processing: APS Payroll offers an automated payroll processing system that calculates and processes payroll taxes, with options for direct deposit or paper checks.
- Tax filing: The software helps businesses comply with federal, state, and local payroll tax regulations and offers tax filing services to ensure accurate and timely tax payments.
- Employee benefits administration: APS Payroll helps businesses manage employee benefits, including health insurance, retirement plans, and other benefits.
- Time and attendance tracking: The software offers time and attendance tracking tools, including time clocks, mobile apps, and web-based time sheets to track employee hours accurately worked.
- HR management: APS Payroll provides HR management tools, including employee onboarding, time-off management, and document management.
APS Payroll offers pricing based on the number of employees and the specific features needed, making it an affordable option for small and mid-sized businesses. The software is user-friendly and easy to navigate, with excellent customer support available for businesses that need assistance. Additionally, APS Payroll integrates with various third-party software, including accounting software and time-tracking tools, to streamline payroll and HR management processes. APS Payroll also offers solutions for industries such as healthcare, hospitality, and nonprofit organizations.