Top 5 payroll software to efficiently manage salaries

Top 5 payroll software to efficiently manage salaries

Raul Sims

Payroll software is a quick and reliable solution for running a business’s payroll. The software ensures accuracy and compliance with the management of the payroll calendar. This makes it easier to file company taxes, and since the software already does most of the job, a company would need less manpower. Here are some of the best payroll software, features, and prices that can help you efficiently manage your employees’ payroll.

OnPay

It is one of the leading software used by both small and large businesses. The software can run multiple payrolls for various categories of employees, including the ones on contract. It also lets you design custom forms for unique business needs, like employee records, organizational charts, training documents, and much more. And with payroll cloud, you may not need to fret about your data getting misplaced in the event of system failure. Apart from this, it has automated payroll, automated tax filing, and other HR addons. OnPay software is available at $36 with an additional $4 per employee.

Gusto

Gusto is yet another payroll software that is best for businesses looking to file taxes in multiple states. It is also suitable for companies that are paying independent contractors. It includes features like automated payroll for salaried employees, unlimited payroll runs, direct deposits, tax filing, and even tax-related filings like W-2s and 1099s. One of the unique features about Gusto is that it offers health insurance in most states which can be used to build benefits packages for employees. Apart from this, its pricier plans come with time tracking and additional administrative and HR features. While the contractor plan does not levy any basic charges as you are required to pay only $6 per employee, its core plan charges $39 with $6 per employee and includes all the features.

Paychecx®

Paychecx® is best for a medium-sized and growing business that oversees services like bookkeeping and accounting staff. It also offers 24/7 customer service and automatic calculation of federal state and local taxes. It also offers bundles benefits tracking and other human resource services into its payroll service. Paychecx® has three different plans. While start-ups under 50 employees can use PayChex Go or Paychex Flex Select, Flex Enterprise is best for large organizations, as it offers a wide variety of features required to keep a tab on 1000+ payrolls and other HR-related aspects. The monthly fee of Flex Select and Flex Enterprise varies depending on other features; PayChex Go has a monthly fee of $59 and an additional $4 per employee.

ADP®

The payroll software is best for growing companies that require lots of HR assistance. Its mobile-friendly UI makes it suitable for people who prefer working from their phones. ADP® allows you to manage multiple aspects like HR, hiring, and onboarding. Moreover, Roll by ADP® uses artificial intelligence to help businesses manage payroll from their phone. Some of its other features include automated payroll, automated tax filing, time tracking, and other HR addons. It has various plans, and the prices vary according to the inclusion of features. The Run Powered Essential charges $59 with an additional $4 per employee, and its Roll plan requires you to pay $29 + $5 per employee.

Square

Square payroll is perfect for small businesses and microbusinesses with up to ten employees. It offers low-cost, basic payroll coverage. It provides basic features like tax filing, record keeping, and wage disbursal through direct deposit. However, the payroll software offers four-day direct deposits as opposed to other software that offers two or even next-day direct deposits. It offers a $35 monthly subscription fee with a $5 monthly fee for employees and contractors. It also charges a $5 monthly fee per person for contractors.

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