Are you still manually processing complex company payroll? Running payroll does not have to be time-consuming and resource-draining anymore as the payroll software can ensure automated and accurate calculation. By streamlining tax calculation, tracking time, and making payment with direct deposit, these applications make the payroll process efficient.

They offer 5 main benefits to business owners and HR professionals.

  1. Eliminate manual entry and facilitate automation
  2. Save time and money for accounting department employees
  3. Securely store sensitive payroll data of the business
  4. Offer better compliance with tax regulations
  5. Generate accurate payroll, avoiding risks of errors

Thanks to these reasons, the market size of payroll software is expected to grow from $24.8 billion to $55.21 billion between 2022 and 2031[1].  This is a clear indication of companies looking to improve payroll processing.

The Geekflare team has researched 25 products and picked 18 best payroll software solutions based on local and global payroll-specific features, tax filing, automation, compliance, integration, ease of use, and pricing.

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Payroll Software Comparison Chart

Below I’ve summarized the price, companies suitable for, rating and availability of global payroll features of the above payroll software. The features and pros and cons will be discussed in detail later in this guide.

Payroll Software
ADP
Price (Monthly)

On Request

$19/employee

On Request

$40

On Request

On Request

On Request

$8.50

On Request

$42.50

$40

On Request

$35

$16

$50

$15/user

On Request

$39

Ideal for Company Size

Small to Large

Small to Medium

Large

US Small Businesses

Small to Medium

Small to Medium

Small to Medium

Startups

Small to Medium

Small

Small

Small to Medium

Small

Small, Freelancers

Small to Medium

Large

Small to Medium

Small to Medium

Global Payroll

Limited (US and EU)

Limited

4.0
/5
4.8
/5
4.0
/5
4.5
/5
4.0
/5
4.8
/5
4.8
/5
4.8
/5
4.0
/5
4.2
/5
4.8
/5
4.0
/5
4.5
/5
4.5
/5
4.5
/5
4.5
/5
4.5
/5
4.2
/5
Explore

Payroll Software Reviews

Below, I’ll review each payroll software in detail, list the top features, strengths, weaknesses, company size suitability, integrations, and give an overall rating.

1. ADP Payroll

1. ADP Payroll

Best Overall

Geekflare rating score 4.0 out of 5
4.0
|
  • Global Payroll
    Yes
  • Ideal for Company Size
    Small to Large
  • Integration with other Business Software
    Excellent
Custom Pricing
3 months FREE
Get ADP Payroll

Why We Chose ADP Payroll

ADP’s functionality goes beyond being a basic payroll tool, offering HR features like application tracking system, benefits management, and employee cost insights. Additionally, ADP Payroll is fully scalable and fits companies of every size, making ADP Payroll the best overall payroll software.

For small businesses, ADP Payroll offers plans that include an HR module, recruitment module, ATS etc., so that you don’t have to purchase separate software as your business scales up. For large enterprises, ADP offers APIs for integration with your existing software.

ADP Payroll syncs payroll data with benefits management and time tracking tools to help businesses efficiently manage the payroll process.

I like the mobile access feature, as it offers on-the-go payroll management. It enables employees to view pay stubs, request time off, and record attendance, especially people who travel a lot as part of work. It also helps in quickly submitting claims and expenses.

ADP Payroll Pricing

ADP Payroll offers multiple plans for both small business and mid-large sized business. You need to ask for custom pricing for the plan that suits your needs.

ADP Payroll Features

  • Key feature

    Direct deposit for timely payment to the employees.

  • Key feature

    Faster local and global payroll processing in 140 countries

  • Key feature

    Fully automated employee data syncing.

  • Key feature

    Automatic tax deductions and retirement contributions.

  • Key feature

    Federal, state, and local compliance support.

  • Key feature

    Manage state unemployment insurance (SUI).

  • Key feature

    Create and send Forms W-2 and 1099.

  • Key feature

    Securely store employee data.

  • Key feature

    Customizable payroll and HR reports

ADP Payroll Pros/Cons

  • Advantage

    ADP API Central to build custom integrations

  • Advantage

    Self-service for both employees and managers.

  • Advantage

    24/7 access to certified payroll professionals.

  • Disadvantage

    Form fill up needed to get custom quote.

  • Disadvantage

    Steep learning curve for novice use.

2. Deel

2. Deel

Best for Small to Mid-size Businesses

Geekflare rating score 4.8 out of 5
4.8
|
  • Global Payroll
    Yes
  • Ideal Company Size
    Small to Medium
  • Integration with other Business Software
    Moderate
Starts at $19/employee
Get Deel Demo

Why We Chose Deel

Deel enables SMBs to hire and pay talents from all over the world without establishing separate entities in each country by offering EOR Services. It also helps such businesses expand globally without worrying about complex international tax and employment regulations, making it the ideal payroll solution for small and mid-sized businesses.

Deel offers Global Payroll services in over 100 countries and also a US payroll service for US-based businesses.

In the Global payroll option, it offers 24*7 service and a single POC in each country. It helps administer employee benefits, local tax filing, localized contracts and documentation and ensures legal compliance. For US Payroll, it offers bulk payment option for easy processing and a free HRIS module to manage global workforce.

You can generate custom reports by analyzing gross-to-net, 401k, pensions, etc., that stakeholders can easily understand and gather insights. It allows organizations to compare employer costs, bonuses, taxes, and other parameters across the company entities in a standard currency. Thus, users get a unified view of their expenses in the chosen currency.

I am impressed with Deel’s integration support for 80+ business apps, such as Google Workspace, Jira, Slack, QuickBooks, Outlook Calendar, Xero, BambooHR, and Zapier. This integration simplifies businesses management and increases efficiency.

Deel Pricing

You can choose from any of the following subscription plans to use Deel’s payroll service.

– US Payroll at $19/employee/month

– US PEO at $89/employee/month

– Payroll at $29/employee/month

Deel Features

  • Key feature

    Accurate payroll with tax calculation, benefits, and deductions.

  • Key feature

    Compliance management at the local and federal level.

  • Key feature

    Create and deliver payslips to the employees.

  • Key feature

    Set up payroll schedule and pay dates, and review payroll.

  • Key feature

    Instantly pay employees from direct deposit or paychecks.

  • Key feature

    Charge-free off-cycle payments with US payroll.

Deel Pros/Cons

  • Advantage

    Deel API to connect with HRIS, finance, and ERP systems.

  • Advantage

    Payroll support for all 50 states of the US.

  • Advantage

    Dedicated account management.

  • Advantage

    24/7 support with dedicated CSM.

  • Disadvantage

    Payroll implementation might take up to 3 months.

  • Disadvantage

    No free trial available.

3. Paychex

3. Paychex

Best for User-Friendly Experience

Geekflare rating score 4.0 out of 5
4.0
|
  • Global Payroll
    Limited (US and EU)
  • Ideal for Company Size
    Large
  • Integration with other Business Software
    Excellent
Custom Pricing
Get Paychex

Why We Chose Paychex

Paychex is a cloud-based payroll software platform where you need only a few clicks to run payroll. Its intuitive and self-explanatory UI makes it the best payroll software for a user-friendly experience.

Your employees can use Pre-Check service to instantly approve their pay check before payday and avoid costly payroll discrepancies. It lets you pay with options such as direct deposit, same-day ACH, paper checks, paycards, eChecks service, Pay-on-Demand (before payroll date), and 24/7 real-time payments.

I find Paychex’s ever-expanding API library to be a valuable feature for the companies with in-house developers. It lets you securely integrate with popular business tools like BambooHR, Clover, Deputy, JazzHR, Indeed, Jobvite, and Microsoft Azure AD. It makes hiring, managing, paying, and retaining employees easier.

Paychex Pricing

Paychex has three plans, and you need to provide your company information to get a customized quote.

Paychex Features

  • Key feature

    Accurately calculate, file, and pay payroll taxes.

  • Key feature

    Customized earnings and deductions.

  • Key feature

    Employee Retention Tax Credit (ERTC) service to determine eligibility.

  • Key feature

    Automatic report on job costing, tax deposits, and payroll journal.

  • Key feature

    Employee self-service to update personal data and tax withholding.

Paychex Pros/Cons

  • Advantage

    Free mobile app for employees.

  • Advantage

    24/7 US-based customer support.

  • Advantage

    Automated tax filing.

  • Disadvantage

    A separate tool is needed for time-tracking.

  • Disadvantage

    Costly application for smaller teams.

4. Gusto

4. Gusto

Automated Payroll Processing

Geekflare rating score 4.5 out of 5
4.5
|
  • Global Payroll
    No
  • Ideal for
    US Small Business
  • Integration
    150+
Starts at $40/mo
Try Gusto

Why We Chose Gusto

Gusto provides industry-specific payroll and HR solutions for US companies. Its proactive compliance alerts and automated tax reporting features prevent businesses from making human errors. It offers health insurance, paid time off, and 401(k) plans, in one place. All these make Gusto the top payroll software for US small businesses.

I like how it allows you to submit various payroll tax forms like Form W-2, Form 940, Form 8974, Form 1099, Form 941, and more. It ensures accurate and timely tax submissions, avoiding potential penalties.

Gusto Pricing

Gusto offers three plans for its users:

– Simple at $40/month+$6/month/person

– Plus at $60/month+$9/month/person

– Premium at $135/month+$16.50/month/person

Gusto Features

  • Key feature

    Automatic tax calculation for greater accuracy.

  • Key feature

    Pay monthly salaries and hourly rates.

  • Key feature

    Run payroll as many times as needed each month.

  • Key feature

    Automatic adjustment to the minimum wage.

  • Key feature

    Hourly employee tracking with geolocation for compliance.

  • Key feature

    Gusto debit card for paperless paydays.

Gusto Pros/Cons

  • Advantage

    Built-in time tracking

  • Advantage

    Integration with 190 apps

  • Advantage

    State tax registration in 50 states in the United States

  • Advantage

    Contractor payment in 120 countries

  • Disadvantage

    Not suitable for large and global companies

  • Disadvantage

    Only supports US-based company

5. Paycor

5. Paycor

Best for HR and Payroll Integration

Geekflare rating score 4.0 out of 5
4.0
|
  • Global Payroll
    No
  • Ideal for Company Size
    Small to Medium
  • Integration with other Business Software
    Excellent
Custom Pricing
Get 50% OFF for 6 months
Try Paycor

Why We Chose Paycor

Paycor operates as an online payroll software company, offering HR functionalities that sync well with the payroll software to simplify the data management process. Its employee self-service portal reduces your HR workload. Businesses looking for HR and payroll integration should opt for Paycor.

Paycor’s in-product compliance updates caught my attention. It notifies you of major changes so that you do not have to spend hours researching employment laws in your state or county. You will benefit from its 250+ integration partners for benefits, payments, POS, background screening, and scheduling.

Paycor Features

  • Key feature

    Real-time calculation of payroll skipping batch processing.

  • Key feature

    Deposit payments to employee bank accounts or Paycor Visa card.

  • Key feature

    Payroll scheduling on preferred date and time.

  • Key feature

    Employee self-service to access paystubs, benefits, and W-2.

  • Key feature

    Payroll reports to get full transparency on tax, job costing, etc.

  • Key feature

    Automatic payroll deduction for workers’ compensation.

Paycor Pros/Cons

  • Advantage

    Tax Compliance Dashboard with proactive alerts.

  • Advantage

    Paycor mobile wallet for employees to access wages and pay card info.

  • Advantage

    Employee wage garnishments.

  • Disadvantage

    Global payroll feature not available.

  • Disadvantage

    Customer support needs to be improved.

6. Rippling

6. Rippling

Best for Comprehensive HR and Payroll

Geekflare rating score 4.8 out of 5
4.8
|
  • Global Payroll
    Yes
  • Ideal for Company Size
    Small to Medium
  • Integration with other Business Software
    Excellent
Custom Pricing
Explore Rippling

Why We Chose Rippling

Rippling is a payroll application that comes with a tightly integrated HR service. Hence, its unified system allows smooth syncing of HR data with payroll. Companies can track time and attendance from the same platform, review expenses, and manage employee benefits. If you are looking for comprehensive software to perform HR and payroll tasks from one platform, Rippling is the best bet.

I find Rippling’s extensive integration support to be highly beneficial. It integrates with 600+ applications, including QuickBooks Online, Xero, Sage Intacct, and NetSuite. So, if you are already using these accounting programs, you can easily sync data with fewer chances of errors. Its reports on payroll analytics helps with visualization and informed decisions.

Rippling Features

  • Key feature

    Make payments via direct deposit or cheque.

  • Key feature

    Compliance through minimum wage alert, overtime, and leave policy.

  • Key feature

    Automation of W-2, W-4, 1099, and new hire filings.

  • Key feature

    Global payroll and contractor support to pay the entire team.

  • Key feature

    Job costing and multiple pay rates for the employees.

  • Key feature

    Workers’ compensation and garnishment.

Rippling Pros/Cons

  • Advantage

    100% guaranteed error-free payroll.

  • Advantage

    Run payroll in 90 seconds.

  • Advantage

    Dedicated mobile app.

  • Advantage

    Time-tracking and PTOs.

  • Disadvantage

    Pricing information not available.

  • Disadvantage

    No free trial available.

7. Multiplier

7. Multiplier

Best for EOR & Global Payroll

Geekflare rating score 4.8 out of 5
4.8
|
  • Global Payroll
    Yes
  • Ideal for Company Size
    Small to Medium
  • Integration with other Business Software
    Limited
Custom Pricing
Explore Multiplier

Why We Chose Multiplier

Multiplier helps you with on-time global payroll management. It enables businesses to employ EOR from 150+ countries without establishing entities in those countries. I consider Multiplier as the perfect choice for companies that want to use EOR and global payroll from the same platform.

I like the security features of Multiplier. It uses AWS hosting services and complies with GDPR to process personal data. It follows country-specific laws and regulations for payroll and employment to ensure compliance in every country. Multiplier allows you to oversee taxes, social contributions, and local insurance policies so you do not have to purchase additional software to manage these processes.

Multiplier Features

  • Key feature

    Team of payroll experts with knowledge of local laws and languages.

  • Key feature

    Manage international employees from the same platform.

  • Key feature

    Payroll preview to avoid mistakes and discrepancies.

  • Key feature

    Payslips and payroll report for transparency.

  • Key feature

    Localized insurance coverage with customization.

  • Key feature

    Easy-to-use dashboard to manage workflows in one place.

Multiplier Pros/Cons

  • Advantage

    Customized country-specific pricing.

  • Advantage

    Expense management.

  • Advantage

    Direct access to local HR and legal experts without third-party interference.

  • Disadvantage

    Support from experts not available on weekends.

  • Disadvantage

    Does not offer free plan.

8. Patriot

8. Patriot

Best Payroll for Startups

Geekflare rating score 4.8 out of 5
4.8
|
  • Global Payroll
    No
  • Ideal for Company Size
    Small
  • Integration with other Business Software
    Moderate
Starts $8.50/mo
FREE Trial
Start Patriot Trial

Why We Chose Patriot

Patriot payroll offers free 2-day and 4-day direct deposit facilities for qualified customers for hassle-free employee payment. Its monthly base pay and per-employee charges are affordable for businesses of all sizes. Hence, Patriot is an affordable payroll and ideal for startups.

Patriot software can be accessed from any device without downloading it. It generates various payroll reports, such as tax filing, tax deposit, pay rate, payroll register, individual paycheck history, payroll tax liabilities, assigned contributions and deductions, and time-off management. These enable businesses easily interpret payroll data.

I would recommend Patriot payroll for its feature of filing company tax on time with 100% accuracy. In case of any mistake, it covers all the penalties and interest, which is a win-win situation for the companies.

Patriot Features

  • Key feature

    Unlimited payroll runs without extra charges.

  • Key feature

    Payroll tax calculation based on employee’s primary location.

  • Key feature

    Customizable employee deduction and company contribution.

  • Key feature

    Free employee portal for pay history, time off balance, and W-2.

  • Key feature

    Add unlimited users with permission control.

  • Key feature

    Up to five different pay rates for every hourly employee.

Patriot Pros/Cons

  • Advantage

    30-day free trial

  • Advantage

    Free integration with 401(k) and workers’ comp.

  • Advantage

    Integration with Patriot Accounting and QuickBooks.

  • Advantage

    Year-end payroll tax filing without extra charges.

  • Disadvantage

    Only available to companies in the US.

  • Disadvantage

    No mobile app is available.

9. TriNet HR Payroll

9. TriNet HR Payroll

Best for All-in-One HR and Payroll

Geekflare rating score 4.0 out of 5
4.0
|
  • Global Payroll
    Yes
  • Ideal for Company Size
    Small to Medium
  • Integration with other Business Software
    Excellent
Custom Pricing
Try TriNet HR

Why We Chose TriNet HR Payroll

TriNet HR Payroll, previously known as Zenefits, is a payroll solution for small and medium businesses. This software is integrated with the HR application so that you can effortlessly use the HR data to process payroll on time. Businesses looking for an all-in-one HR and payroll solution should go for it.

I like how its employee self-service tools enable companies to spend less time on payroll. It ensures compliance with regulations and payroll tax requirements in various US states. TriNet HR Payroll supports hourly and salaried employees in getting paid on time.

TriNet HR Payroll Features

  • Key feature

    Calculate, withhold, and submit federal and state tax.

  • Key feature

    Integration with QuickBooks Online to sync general ledger.

  • Key feature

    Electronic W-2 preparation and delivery.

  • Key feature

    Manage unemployment tax and claims.

  • Key feature

    Convenient payment to independent contractors.

  • Key feature

    Actionable insights from payroll data reports.

TriNet HR Payroll Pros/Cons

  • Advantage

    Mobile app to handle time off requests and expenses.

  • Advantage

    No monthly base fee.

  • Advantage

    24/7 live chat for PEO.

  • Disadvantage

    Does not offer extensive integration support.

  • Disadvantage

    The customer support could be improved upon.

10. QuickBooks Payroll

10. QuickBooks Payroll

Best for QuickBooks Integration

Geekflare rating score 4.2 out of 5
4.2
|
  • Global Payroll
    No
  • Ideal for Company Size
    Small
  • Integration with other Business Software
    Excellent
Starts $42.50/mo
Free Trial
Get QuickBooks

Why We Chose QuickBooks Payroll

QuickBooks Payroll is a streamlined payroll application that smoothly integrates with other QuickBooks applications like QuickBooks Accounting, QuickBooks POS, and QuickBooks Time for data sync. Hence, QuickBooks Payroll is the best choice for integrating with other QuickBooks products.

I like the feature of syncing QuickBooks Payroll with QuickBooks Time. It increases payroll accuracy and reduce risks involved with manual entry. It also supports managing timesheets and connecting time-tracking data to reduce payroll costs.

QuickBooks Payroll Pricing

QuickBooks Payroll is available as standalone and QuickBooks Online add-on plan.

Standalone base pricing starts at $42.50/mo + $6/employee/mo.

Add-on starts at $25/mo + $6/employee/mo.

Add-on subscription will be ideal if you are already using or planning to use QuickBooks Online accounting software.

QuickBooks Payroll Features

  • Key feature

    Calculate and submit payroll tax.

  • Key feature

    Federal and state tax calculations for complete compliance.

  • Key feature

    Automate payroll schedule for salaried employees.

  • Key feature

    Same-day direct deposit for quick payment.

  • Key feature

    One-tap employee clock-in and clock-out.

QuickBooks Payroll Pros/Cons

  • Advantage

    30-day free trial.

  • Advantage

    100% accurate tax calculation guaranteed.

  • Advantage

    Tax penalty protection.

  • Disadvantage

    Workflow automation is only available for Advanced plan users.

  • Disadvantage

    Time-tracking feature is not available for Core plan users.

11. OnPay

11. OnPay

Best for Growing Businesses

Geekflare rating score 4.8 out of 5
4.8
|
  • Global Payroll
    No
  • Ideal for Company Size
    Small
  • Integration with other Business Software
    Limited
Starts at $40/mo
Get OnPay

Why We Chose OnPay

OnPay is a full-service payroll solution for small businesses, accountants, or non-profits. Its straightforward pricing is suitable for a small team and includes basic HR tools in addition to the suite. So, if you are a growing business, OnPay is the perfect choice for you.

OnPay’s report designer caught my attention. It enables custom views and filtering by employee type, location, or department. Moreover, you can view the reports in real-time online, download them in PDF or spreadsheet format, or move the data to the accounting software.

Its responsive portal design lets you conveniently use it on mobile devices like smartphones and tablets without downloading a mobile app.

OnPay Pricing

OnPay offers simple pricing of $40/month base fee with $6/person/month.

OnPay Features

  • Key feature

    Unlimited payroll run per month.

  • Key feature

    Tax filing and payments with W-2 and 1099.

  • Key feature

    Pay from a debit card, check, or direct deposit.

  • Key feature

    Multiple pay rates and schedules for different employees.

  • Key feature

    Unemployment insurance withholding.

  • Key feature

    PTO email notifications and custom PTO policies.

OnPay Pros/Cons

  • Advantage

    Garnishment deduction.

  • Advantage

    Free setup and data migration.

  • Advantage

    Includes full suite of HR tools.

  • Advantage

    Multi-state payroll with no extra fees.

  • Disadvantage

    No phone or chat support on weekends.

  • Disadvantage

    Limited third-party integrations.

12. PrimePay

12. PrimePay

Best for Payroll Tax Compliance

Geekflare rating score 4.0 out of 5
4.0
|
  • Global Payroll
    No
  • Ideal for Company Size
    Small to Medium
  • Integration with other Business Software
    Moderate

Why We Chose PrimePay

PrimePay enables you to handle all payroll complexities easily using its automation features. It helps you manage all the federal and state tax filings of a business, including Form W-2. So, PrimePay is the best choice for those looking for a tax compliance feature in payroll software.

I like its simplistic interface that anyone can use without having to go through any training. Thus, PrimePay saves valuable time by letting you start using it right away. PrimePay supports on-demand pay, allowing employees to access their earnings before payday. This increases employee satisfaction and higher employee retention rate.

PrimePay Pricing

PrimePay offers custom pricing without any base fee.

PrimePay Features

  • Key feature

    Automated payroll with tax and employee deductions.

  • Key feature

    Federal, state, and local tax filing across 50 US states.

  • Key feature

    Payment via direct deposit or from debit card.

  • Key feature

    HR tools integration for automatic benefit reflection.

  • Key feature

    Time-off management for efficiency and accuracy.

  • Key feature

    Payroll analytics for workforce visibility.

PrimePay Pros/Cons

  • Advantage

    Employee self-service.

  • Advantage

    50+ templates and customized reporting.

  • Advantage

    Automatic alerts on payroll errors.

  • Advantage

    Mobile app for employees.

  • Disadvantage

    Pricing data not available.

  • Disadvantage

    Fewer integration options.

13. Square Payroll

13. Square Payroll

Best for Square Users

Geekflare rating score 4.5 out of 5
4.5
|
  • Global Payroll
    No
  • Ideal for Company Size
    Small
  • Integration with other Business Software
    Moderate
Starts at $35/mo
Start for FREE
Get Square Payroll

Why We Chose Square Payroll

Square Payroll is one of the 36+ products of Square, that has an entire suite of business tools like POS hardware and software that integrate well with each other. So, if you use other Square products like Square POS, Square Payroll is the best option for you.

I like how the software allows qualifying businesses to run payroll two business days before the original pay date, giving them more time and flexibility to do so. Square Payroll comes with helpful HR and compliance resources to give you peace of mind when running payroll.

Square Payroll Pricing

For full-service payroll, you need to pay $35/month+$6/person/month. The contractor-only payroll will cost $6/person.

Square Payroll Features

  • Key feature

    Calculate, withhold, and file tax for state and national level.

  • Key feature

    Pay employees and contractors with hourly, salary, or custom amounts.

  • Key feature

    Filing W-2s and Form 1099-NECs.

  • Key feature

    Track PTO, vacations, and sick leave to calculate accruals.

  • Key feature

    Labor cost reporting for insight visibility.

  • Key feature

    Timecard access from Square POS or Square Team app.

Square Payroll Pros/Cons

  • Advantage

    No commitment and cancel anytime.

  • Advantage

    Square Team app for time tracking and pay stub viewing.

  • Advantage

    Email alerts on employment law change.

  • Advantage

    Multiple tax jurisdictions support.

  • Disadvantage

    Lacks advanced features like garnishment processing.

  • Disadvantage

    Customer support resolutions take a lot of time.

14. Wave Payroll

14. Wave Payroll

Best for Freelancers and Small Businesses

Geekflare rating score 4.2 out of 5
4.2
|
  • Global Payroll
    No
  • Ideal for Company Size
    Small, Freelancers
  • Integration with other Business Software
    Limited
Starts at $16/mo
Free Forever Plan
Get Wave Payroll

Why We Chose Wave Payroll

Wave Payroll is developed specifically for small businesses to address industry-based needs. It reduces the workload of payroll management and saves companies from manual, time-consuming calculations. For these reasons, Wave Payroll is ideal for small businesses and freelancers.

I would recommend Wave Payroll because it always updates its features to incorporate various financial assistance programs for small business, unemployment benefits, and tax relief. Such updates financially and strategically benefit freelancers and small businesses.

Wave Payroll Pricing

Wave users can opt for its free forever plan or choose paid subscription at $16/month.

Wave Payroll Features

  • Key feature

    One-click employee payment on every payday.

  • Key feature

    Automatic tax filings and payments for Tax Service States.

  • Key feature

    Direct deposit into bank accounts.

  • Key feature

    W2 and 1099 form generation.

  • Key feature

    Payroll expense breakdown by employee and expense type.

  • Key feature

    Leave time and accrual tracking.

Wave Payroll Pros/Cons

  • Advantage

    30-day free trial.

  • Advantage

    Live chat on weekdays and email support for prompt assistance.

  • Advantage

    Automatic payroll journal entry.

  • Disadvantage

    Unavailability of live phone support.

  • Disadvantage

    Only supports businesses based in the US and Canada.

  • Disadvantage

    Tax filing available in limited US states.

15. TimeTrex

15. TimeTrex

Best for Workforce Management

Geekflare rating score 4.8 out of 5
4.8
|
  • Global Payroll
    Yes
  • Ideal for Company Size
    Small to Medium
  • Integration with other Business Software
    Moderate
Starts at $50/mo
Free Trial
Get TimeTrex

Why We Chose TimeTrex

TimeTrex is a payroll processing software that also manages workforce scheduling and team attendance. It eliminates the hassle of manual calculations and reduces the chances of human errors with its automated payroll processing. It simplifies workforce management with consistent data supply via software integration. Therefore, TimeTrex is the best payroll software for workforce management.

I find TimeTrex’s compliance and tax management features beneficial because they minimize the risk of penalties and make the tax filing process easy. It also assists businesses in making better decisions with custom payroll data reports.

TimeTrex Pricing

TimeTrex has three pricing plans.

– Professional Edition at $50/month for up to 10 employees included.

– Corporate Edition at $80/month for up to 10 employees included.

– Enterprise Edition at $100/month for up to 10 employees included.

TimeTrex Features

  • Key feature

    Advanced engine for payroll calculation.

  • Key feature

    Calculation of federal and provisional tax.

  • Key feature

    Tax report support for W2, 940, 941, 1099, T4, and ROE.

  • Key feature

    Direct deposit of funds from multiple bank accounts.

  • Key feature

    Benefits, sick leave, insurance, and garnishment.

  • Key feature

    Multi-week rotational scheduling.

TimeTrex Pros/Cons

  • Advantage

    Auto filing of remittance and tax forms.

  • Advantage

    Real-time employee attendance monitoring.

  • Advantage

    30-day free trial.

  • Advantage

    Supports cloud and on-premise deployment.

  • Disadvantage

    Cluttered interface.

  • Disadvantage

    Does not support Mac for installation.

16. Papaya Global

16. Papaya Global

Best for Global Payroll

Geekflare rating score 4.5 out of 5
4.5
|
  • Global Payroll
    Yes
  • Ideal for Company Size
    Large
  • Integration with other Business Software
    Excellent
Starts at $15/mo
Get Papaya Global

Why We Chose Papaya Global

Papaya Global Payroll is an international payroll platform focused on integration and compliance. It keeps you updated on country-specific payroll laws and immediately alerts you of compliance issues. Papaya Global Payroll holds SOC 1 Type 2 and SOC 2 Type 2 audit reports that demonstrate its capability of securing the ultra-sensitive data. These make it the best software for global payroll.

I like how Papaya Global Payroll offers total visibility and control over the workforce’s spending. Its reports reveal all the hidden payroll data insights to help you make better business decisions. Its real-time reports also allow you to access data from all locations in one place.

Papaya Global Payroll Pricing

You can choose from any of the subscription plans.

– Grow Global starting from $25/mo/employee

– Scale Global starting from $20/mo/employee

– Enterprise Global starting from $15/mo/employee

Papaya Global Features

  • Key feature

    Smart compliance engine for global and national regulations.

  • Key feature

    AI-powered accuracy engine and data verification.

  • Key feature

    Integration support with HRIS or HCM systems.

  • Key feature

    Customizable approval chains for workflow integrity.

  • Key feature

    Payroll summary and payslip approvals.

  • Key feature

    Automated payslip delivery through internal transfer.

Papaya Global Pros/Cons

  • Advantage

    Bank-level security standards.

  • Advantage

    Pay global workforce in local currencies of 160+ countries.

  • Advantage

    Self-service employee portal.

  • Advantage

    Papaya Personal mobile app.

  • Disadvantage

    Additional onboarding fee for the businesses.

  • Disadvantage

    Its extensive features are difficult for new users to navigate.

17. BambooHR Payroll

17. BambooHR Payroll

Best for Customization

Geekflare rating score 4.5 out of 5
4.5
|
  • Global Payroll
    No
  • Ideal for Company Size
    Small to Medium
  • Integration with other Business Tools
    Excellent
Custom Pricing
Free Trial
Learn more about BambooHR Payroll

Why We Chose BambooHR

BambooHR Payroll is an HRIS solution that streamlines your compensation process. It offers customizable workflows, custom reports, and self-service tools for admins and employee management. Thus, BambooHR Payroll is an excellent choice for those looking for customization in payroll software.

I recommend BambooHR Payroll for implementing security measures like advanced data encryption, SOC II audit, diverse data centers, and continuous monitoring, These keep the sensitive business data safe and protected. BambooHR Payroll automatically fetches all time-tracking, benefits, and time off data from one place. It eliminates the need for double data entry or manual approval.

BambooHR Features

  • Key feature

    Single platform for time tracking, benefits, and payroll.

  • Key feature

    Manage benefits and federal, state, and local taxes for US workers.

  • Key feature

    Automatic calculation of overtime, PTO, and holidays.

  • Key feature

    Built-in overtime calculation for all US states.

  • Key feature

    Custom payroll reports on cash requirements, deductions, etc.

  • Key feature

    One-click timesheet approval and automatic reminders.

BambooHR Pros/Cons

  • Advantage

    Mobile app available.

  • Advantage

    Compliant tax filing.

  • Advantage

    120+ software integration support.

  • Disadvantage

    Unavailability of a transparent pricing structure.

  • Disadvantage

    The interface is difficult to use.

18. Zoho Payroll

18. Zoho Payroll

Best for India, USA, and UAE Businesses

Geekflare rating score 4.2 out of 5
4.2
|
  • Global Payroll
    Limited
  • Ideal for Company Size
    Small to Medium
  • Integration with other Business Software
    Excellent
Starts at $39/mo
FREE Trial
Get Zoho Payroll

Why We Chose Zoho Payroll

Zoho offers country-specific features for the US (track Forms 941, DE-9, and W-2) and India (Form 16 submission) while ensuring compliance with UAE labor laws. These features make Zoho Payroll the best payroll software for India, the US, and the UAE.

Zoho Payroll Pricing

For US users, Zoho Payroll costs $39/month with $6/mo/employee. For other countries, it has varied subscription plans.

I would recommend Zoho Payroll for companies that use other Zoho products like Zoho Books, Zoho People, and Zoho Expense. They will benefit from contextual data flow between these applications for an integrated payroll ecosystem. Zoho Payroll connects with banking solutions so you can pay salaries without leaving the software interface.

Zoho Payroll Features

  • Key feature

    Calculate federal tax from W-4 forms.

  • Key feature

    Preview draft payroll to avoid any error.

  • Key feature

    Payslip with allowances and deductions breakdown.

  • Key feature

    Yearly update of tax tables.

  • Key feature

    Personalized pre-tax and post-tax benefits.

  • Key feature

    Role-based access to qualified staff.

Zoho Payroll Pros/Cons

  • Advantage

    Different payroll templates for each employee.

  • Advantage

    Statutory compliance management of PF, PT, ESI, LWF, and IT.

  • Advantage

    Free trial before purchasing a plan.

  • Disadvantage

    No free forever plan for US companies.

  • Disadvantage

    Has fewer customization features.

Why Do Small Businesses Need Payroll Software?

Small businesses need payroll processing software to calculate employees’ and contractors’ wages and streamline payment processing and payslips. It helps in 5 ways, as listed below.

  1. Save Time and Money: Payroll is time-consuming and complex, especially for small businesses with low manpower. Payroll software providers automate tasks, helping small businesses avoid costly penalties and utilize their limited resources.
  2. Seamless Data Access: Small businesses can access employee data, timesheets, PTOs, and other policies using payroll software.
  3. Enhanced Employee Experience: Many payroll applications have employee self-service portals to access pay stubs, tax documents, and other information. This improves the transparency of the process, leading to better employee experience and satisfaction.
  4. Improved Security: Personal and confidential data remains safe on a secured payroll server from unauthorized access. Access to personal information is granted by access control management feature by payroll software.
  5. Streamlined Administrative Work: Businesses streamline administrative tasks by integrating payroll software with benefits providers & software like health insurance, payment processing, employee well-being, and retirement planning.

How Does a Payroll Software Work?

Payroll software automates the process of calculating and making employee payments. It tracks or (collects from integrated applications) employee data like the number of days or hours worked to determine gross pay. If needed, companies can apply different rates for different employees.

The payroll software also withholds taxes, garnishment, and various contributions automatically to calculate the net payable amount to an employee. Then, it pays the employees via direct deposit or cheque on a scheduled date. Some payroll software generates pay stubs for employee records and allows users to print them.

What is the Average Pricing for Payroll Software?

The average starting base pay of a payroll system ranges between $10-$30 per month. These applications additionally cost $4-$6 per employee. However, payroll providers like Papaya Global charge $15/month/employee with no base rate, while TimeTrex only charges a flat rate of $30/month for unlimited employees.

The 5 factors that contribute to the pricing of payroll software are as follows.

  1. Number of employees for whom the company will use the software
  2. Advanced features like benefits and garnishment
  3. On-premise payroll software that requires installation and maintenance
  4. Add-on services like tax filing, HR, risk management
  5. Dedicated account manager

What are the Advantages of Payroll Software?

Using payroll software has the 5 following advantages.

  1. Accuracy: Payroll software calculates and deducts taxes automatically, minimizing the risk of manual error and resulting in accurate payments to employees.
  2. Time Savings: The automated process saves time in manual payroll management and frees HR managers to focus on other important tasks.
  3. Efficiency: When payroll software is used, the entire process, from data entry to paychecks, becomes streamlined. It also stores all necessary data in a centralized location, which increases efficiency.
  4. Cost Savings: Payroll software services helps businesses avoid costly tax and legal penalties by reducing errors and maintaining compliance. Additionally, by automating the entire payroll process, software can significantly reduce the need for dedicated payroll staff, leading to potential cost savings.
  5. Compliance: Payroll software helps companies stay compliant by ensuring correct tax filing and maintaining an audit trail.

What are the Disadvantages of Payroll Software?

Using payroll software has the following disadvantages.

  1. Learning Curve: Introducing payroll software to people who don’t want to change the existing process can be challenging and require spending time learning how particular software works.
  2. Customization: A payroll software may not offer the detailed customization needed for every industry, which can be a disadvantage for many businesses.
  3. Technical Issues: Payroll software can cause technical issues and if this happens near the payroll processing date, this can delay the payments to employees.
  4. Regulatory Changes: While many payroll applications update themselves with changes in regulations, some small software provider may miss this doing on time. Thus, it becomes a challenge for companies to ensure that their payroll is compliant with the latest regulations and laws.

Is Payroll Software worth it?

Yes, payroll software is worth the benefits and automation it offers. It helps businesses to save the time & cost and streamlines the whole payroll processing.

What are the Other Enterprise Software?

Other business software solutions are:

  • Inventory management software like Zoho Inventory to manage stock levels and real-time updates of inventory.
  • Accounting software like Intuit QuickBooks to streamline financial processes and manage bookkeeping.
  • Enterprise Resource Planning (ERP) software like NetSuite to integrate processes like finance, supply chain, and HR.
  • eCommerce software like Shopify to integrate with POS software for online sales.
  • CRM software like Salesforce Customer 360 to manage customer interactions.
  • Communication software like Slack to communicate with stakeholders.
  • Invoicing software like FreshBooks to bill the customers against the purchased products.

What is the Difference Between Payroll Software and Accounting Software?

Payroll and accounting software differ, though some accounting software like QuickBooks has a payroll feature. With payroll software, companies manage employee compensation, while accounting software oversees broader financial tasks. Apart from this, there are 6 differences between payroll and accounting software, which are as follows.

  1. General Ledger: The general ledger is the foundation of accounting software that tracks all financial transactions. Payroll software only focuses on employees and contractors payments.
  2. Time Tracking: Payroll software like Rippling, Gusto and BambooHR let companies track employee working hours for accurate payroll calculations. Accounting software usually does not offer this feature.
  3. Tax Calculations and Withholding: Payroll software calculates and files payroll taxes. Some accounting software, like Bonsai and NetSuite, calculates business taxes, but these do not emphasize payroll tax specifics.
  4. Payslip Generation: Payroll software like ADP, Zoho Payroll, Multiplier generate payslips for employees, mentioning their earnings and deductions. Accounting software isn’t involved in the employee payment functions.
  5. Benefits Administration: Both applications usually offer this feature but for different purposes. Accounting software uses it to track benefit costs, and payroll software utilizes it to identify deductibles from employee paychecks.
  6. Financial Reporting: Accounting software generates comprehensive and detailed financial reports. Payroll software only offers limited reporting based on payroll data.

References

View Details

1. HR Payroll Software Market Insights – Skyquest