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.
- Eliminate manual entry and facilitate automation
- Save time and money for accounting department employees
- Securely store sensitive payroll data of the business
- Offer better compliance with tax regulations
- 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.
- 1. ADP Payroll – Best Overall
- 2. Deel – Best for Small to Mid-size Businesses
- 3. Paychex – Best for User-Friendly Experience
- 4. Gusto – Automated Payroll Processing
- 5. Paycor – Best for HR and Payroll Integration
- 6. Rippling – Best for Comprehensive HR and Payroll
- 7. Multiplier – Best for EOR & Global Payroll
- 8. Patriot – Best Payroll for Startups
- 9. TriNet HR Payroll – Best for All-in-One HR and Payroll
- 10. QuickBooks Payroll – Best for QuickBooks Integration
- 11. OnPay – Best for Growing Businesses
- 12. PrimePay – Best for Payroll Tax Compliance
- 13. Square Payroll – Best for Square Users
- 14. Wave Payroll – Best for Freelancers and Small Businesses
- 15. TimeTrex – Best for Workforce Management
- 16. Papaya Global – Best for Global Payroll
- 17. BambooHR Payroll – Best for Customization
- 18. Zoho Payroll – Best for India, USA, and UAE Businesses
- Show less
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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.
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 | |
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 | |
✅ | ✅ | Limited (US and EU) | ❌ | ❌ | ✅ | ✅ | ❌ | ✅ | ❌ | ❌ | ❌ | ❌ | ❌ | ✅ | ✅ | ❌ | Limited | |
Geekflare’s editorial team determines ratings based on factors such as key features, ease of use, pricing, and customer support to help you choose the right business software. | ||||||||||||||||||
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
Best Overall
- Global PayrollYes
- Ideal for Company SizeSmall to Large
- Integration with other Business SoftwareExcellent
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
Direct deposit for timely payment to the employees.
Faster local and global payroll processing in 140 countries
Fully automated employee data syncing.
Automatic tax deductions and retirement contributions.
Federal, state, and local compliance support.
Manage state unemployment insurance (SUI).
Create and send Forms W-2 and 1099.
Securely store employee data.
Customizable payroll and HR reports
ADP Payroll Pros/Cons
ADP API Central to build custom integrations
Self-service for both employees and managers.
24/7 access to certified payroll professionals.
Form fill up needed to get custom quote.
Steep learning curve for novice use.
2. Deel
Best for Small to Mid-size Businesses
- Global PayrollYes
- Ideal Company SizeSmall to Medium
- Integration with other Business SoftwareModerate
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
Accurate payroll with tax calculation, benefits, and deductions.
Compliance management at the local and federal level.
Create and deliver payslips to the employees.
Set up payroll schedule and pay dates, and review payroll.
Instantly pay employees from direct deposit or paychecks.
Charge-free off-cycle payments with US payroll.
Deel Pros/Cons
Deel API to connect with HRIS, finance, and ERP systems.
Payroll support for all 50 states of the US.
Dedicated account management.
24/7 support with dedicated CSM.
Payroll implementation might take up to 3 months.
No free trial available.
3. Paychex
Best for User-Friendly Experience
- Global PayrollLimited (US and EU)
- Ideal for Company SizeLarge
- Integration with other Business SoftwareExcellent
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
Accurately calculate, file, and pay payroll taxes.
Customized earnings and deductions.
Employee Retention Tax Credit (ERTC) service to determine eligibility.
Automatic report on job costing, tax deposits, and payroll journal.
Employee self-service to update personal data and tax withholding.
Paychex Pros/Cons
Free mobile app for employees.
24/7 US-based customer support.
Automated tax filing.
A separate tool is needed for time-tracking.
Costly application for smaller teams.
4. Gusto
Automated Payroll Processing
- Global PayrollNo
- Ideal forUS Small Business
- Integration150+
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
Automatic tax calculation for greater accuracy.
Pay monthly salaries and hourly rates.
Run payroll as many times as needed each month.
Automatic adjustment to the minimum wage.
Hourly employee tracking with geolocation for compliance.
Gusto debit card for paperless paydays.
Gusto Pros/Cons
Built-in time tracking
Integration with 190 apps
State tax registration in 50 states in the United States
Contractor payment in 120 countries
Not suitable for large and global companies
Only supports US-based company
5. Paycor
Best for HR and Payroll Integration
- Global PayrollNo
- Ideal for Company SizeSmall to Medium
- Integration with other Business SoftwareExcellent
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
Real-time calculation of payroll skipping batch processing.
Deposit payments to employee bank accounts or Paycor Visa card.
Payroll scheduling on preferred date and time.
Employee self-service to access paystubs, benefits, and W-2.
Payroll reports to get full transparency on tax, job costing, etc.
Automatic payroll deduction for workers’ compensation.
Paycor Pros/Cons
Tax Compliance Dashboard with proactive alerts.
Paycor mobile wallet for employees to access wages and pay card info.
Employee wage garnishments.
Global payroll feature not available.
Customer support needs to be improved.
6. Rippling
Best for Comprehensive HR and Payroll
- Global PayrollYes
- Ideal for Company SizeSmall to Medium
- Integration with other Business SoftwareExcellent
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
Make payments via direct deposit or cheque.
Compliance through minimum wage alert, overtime, and leave policy.
Automation of W-2, W-4, 1099, and new hire filings.
Global payroll and contractor support to pay the entire team.
Job costing and multiple pay rates for the employees.
Workers’ compensation and garnishment.
Rippling Pros/Cons
100% guaranteed error-free payroll.
Run payroll in 90 seconds.
Dedicated mobile app.
Time-tracking and PTOs.
Pricing information not available.
No free trial available.
7. Multiplier
Best for EOR & Global Payroll
- Global PayrollYes
- Ideal for Company SizeSmall to Medium
- Integration with other Business SoftwareLimited
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
Team of payroll experts with knowledge of local laws and languages.
Manage international employees from the same platform.
Payroll preview to avoid mistakes and discrepancies.
Payslips and payroll report for transparency.
Localized insurance coverage with customization.
Easy-to-use dashboard to manage workflows in one place.
Multiplier Pros/Cons
Customized country-specific pricing.
Expense management.
Direct access to local HR and legal experts without third-party interference.
Support from experts not available on weekends.
Does not offer free plan.
8. Patriot
Best Payroll for Startups
- Global PayrollNo
- Ideal for Company SizeSmall
- Integration with other Business SoftwareModerate
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
Unlimited payroll runs without extra charges.
Payroll tax calculation based on employee’s primary location.
Customizable employee deduction and company contribution.
Free employee portal for pay history, time off balance, and W-2.
Add unlimited users with permission control.
Up to five different pay rates for every hourly employee.
Patriot Pros/Cons
30-day free trial
Free integration with 401(k) and workers’ comp.
Integration with Patriot Accounting and QuickBooks.
Year-end payroll tax filing without extra charges.
Only available to companies in the US.
No mobile app is available.
9. TriNet HR Payroll
Best for All-in-One HR and Payroll
- Global PayrollYes
- Ideal for Company SizeSmall to Medium
- Integration with other Business SoftwareExcellent
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
Calculate, withhold, and submit federal and state tax.
Integration with QuickBooks Online to sync general ledger.
Electronic W-2 preparation and delivery.
Manage unemployment tax and claims.
Convenient payment to independent contractors.
Actionable insights from payroll data reports.
TriNet HR Payroll Pros/Cons
Mobile app to handle time off requests and expenses.
No monthly base fee.
24/7 live chat for PEO.
Does not offer extensive integration support.
The customer support could be improved upon.
10. QuickBooks Payroll
Best for QuickBooks Integration
- Global PayrollNo
- Ideal for Company SizeSmall
- Integration with other Business SoftwareExcellent
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
Calculate and submit payroll tax.
Federal and state tax calculations for complete compliance.
Automate payroll schedule for salaried employees.
Same-day direct deposit for quick payment.
One-tap employee clock-in and clock-out.
QuickBooks Payroll Pros/Cons
30-day free trial.
100% accurate tax calculation guaranteed.
Tax penalty protection.
Workflow automation is only available for Advanced plan users.
Time-tracking feature is not available for Core plan users.
11. OnPay
Best for Growing Businesses
- Global PayrollNo
- Ideal for Company SizeSmall
- Integration with other Business SoftwareLimited
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
Unlimited payroll run per month.
Tax filing and payments with W-2 and 1099.
Pay from a debit card, check, or direct deposit.
Multiple pay rates and schedules for different employees.
Unemployment insurance withholding.
PTO email notifications and custom PTO policies.
OnPay Pros/Cons
Garnishment deduction.
Free setup and data migration.
Includes full suite of HR tools.
Multi-state payroll with no extra fees.
No phone or chat support on weekends.
Limited third-party integrations.
12. PrimePay
Best for Payroll Tax Compliance
- Global PayrollNo
- Ideal for Company SizeSmall to Medium
- Integration with other Business SoftwareModerate
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
Automated payroll with tax and employee deductions.
Federal, state, and local tax filing across 50 US states.
Payment via direct deposit or from debit card.
HR tools integration for automatic benefit reflection.
Time-off management for efficiency and accuracy.
Payroll analytics for workforce visibility.
PrimePay Pros/Cons
Employee self-service.
50+ templates and customized reporting.
Automatic alerts on payroll errors.
Mobile app for employees.
Pricing data not available.
Fewer integration options.
13. Square Payroll
Best for Square Users
- Global PayrollNo
- Ideal for Company SizeSmall
- Integration with other Business SoftwareModerate
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
Calculate, withhold, and file tax for state and national level.
Pay employees and contractors with hourly, salary, or custom amounts.
Filing W-2s and Form 1099-NECs.
Track PTO, vacations, and sick leave to calculate accruals.
Labor cost reporting for insight visibility.
Timecard access from Square POS or Square Team app.
Square Payroll Pros/Cons
No commitment and cancel anytime.
Square Team app for time tracking and pay stub viewing.
Email alerts on employment law change.
Multiple tax jurisdictions support.
Lacks advanced features like garnishment processing.
Customer support resolutions take a lot of time.
14. Wave Payroll
Best for Freelancers and Small Businesses
- Global PayrollNo
- Ideal for Company SizeSmall, Freelancers
- Integration with other Business SoftwareLimited
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
One-click employee payment on every payday.
Automatic tax filings and payments for Tax Service States.
Direct deposit into bank accounts.
W2 and 1099 form generation.
Payroll expense breakdown by employee and expense type.
Leave time and accrual tracking.
Wave Payroll Pros/Cons
30-day free trial.
Live chat on weekdays and email support for prompt assistance.
Automatic payroll journal entry.
Unavailability of live phone support.
Only supports businesses based in the US and Canada.
Tax filing available in limited US states.
15. TimeTrex
Best for Workforce Management
- Global PayrollYes
- Ideal for Company SizeSmall to Medium
- Integration with other Business SoftwareModerate
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
Advanced engine for payroll calculation.
Calculation of federal and provisional tax.
Tax report support for W2, 940, 941, 1099, T4, and ROE.
Direct deposit of funds from multiple bank accounts.
Benefits, sick leave, insurance, and garnishment.
Multi-week rotational scheduling.
TimeTrex Pros/Cons
Auto filing of remittance and tax forms.
Real-time employee attendance monitoring.
30-day free trial.
Supports cloud and on-premise deployment.
Cluttered interface.
Does not support Mac for installation.
16. Papaya Global
Best for Global Payroll
- Global PayrollYes
- Ideal for Company SizeLarge
- Integration with other Business SoftwareExcellent
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
Smart compliance engine for global and national regulations.
AI-powered accuracy engine and data verification.
Integration support with HRIS or HCM systems.
Customizable approval chains for workflow integrity.
Payroll summary and payslip approvals.
Automated payslip delivery through internal transfer.
Papaya Global Pros/Cons
Bank-level security standards.
Pay global workforce in local currencies of 160+ countries.
Self-service employee portal.
Papaya Personal mobile app.
Additional onboarding fee for the businesses.
Its extensive features are difficult for new users to navigate.
17. BambooHR Payroll
Best for Customization
- Global PayrollNo
- Ideal for Company SizeSmall to Medium
- Integration with other Business ToolsExcellent
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
Single platform for time tracking, benefits, and payroll.
Manage benefits and federal, state, and local taxes for US workers.
Automatic calculation of overtime, PTO, and holidays.
Built-in overtime calculation for all US states.
Custom payroll reports on cash requirements, deductions, etc.
One-click timesheet approval and automatic reminders.
BambooHR Pros/Cons
Mobile app available.
Compliant tax filing.
120+ software integration support.
Unavailability of a transparent pricing structure.
The interface is difficult to use.
18. Zoho Payroll
Best for India, USA, and UAE Businesses
- Global PayrollLimited
- Ideal for Company SizeSmall to Medium
- Integration with other Business SoftwareExcellent
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
Calculate federal tax from W-4 forms.
Preview draft payroll to avoid any error.
Payslip with allowances and deductions breakdown.
Yearly update of tax tables.
Personalized pre-tax and post-tax benefits.
Role-based access to qualified staff.
Zoho Payroll Pros/Cons
Different payroll templates for each employee.
Statutory compliance management of PF, PT, ESI, LWF, and IT.
Free trial before purchasing a plan.
No free forever plan for US companies.
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.
- 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.
- Seamless Data Access: Small businesses can access employee data, timesheets, PTOs, and other policies using payroll software.
- 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.
- 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.
- 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.
- Number of employees for whom the company will use the software
- Advanced features like benefits and garnishment
- On-premise payroll software that requires installation and maintenance
- Add-on services like tax filing, HR, risk management
- Dedicated account manager
What are the Advantages of Payroll Software?
Using payroll software has the 5 following advantages.
- Accuracy: Payroll software calculates and deducts taxes automatically, minimizing the risk of manual error and resulting in accurate payments to employees.
- Time Savings: The automated process saves time in manual payroll management and frees HR managers to focus on other important tasks.
- 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.
- 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.
- 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.
- 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.
- Customization: A payroll software may not offer the detailed customization needed for every industry, which can be a disadvantage for many businesses.
- Technical Issues: Payroll software can cause technical issues and if this happens near the payroll processing date, this can delay the payments to employees.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Financial Reporting: Accounting software generates comprehensive and detailed financial reports. Payroll software only offers limited reporting based on payroll data.