Last Updated December, 2022
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01
Editor's Choice
Star Ratings
A fast, automated service equipped with a simple user interface
  • Easy to use
  • Flexible and thorough employee records
  • Strong reports
9.9
overall rating
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02
Star Ratings
A leading payroll service offering quick and precise solutions
  • First 2 months free
  • Customizable payroll reports
  • Scalable features
9.9
overall rating
Read Review
03
Star Ratings
Offers custom, compatible, and secure online payment solutions
  • Compatible with popular third-party applications
  • Custom reports for all types of services
  • A great option for small businesses
9.8
overall rating
Read Review
04
Star Ratings
Enables smooth operations with its accounting and taxing services
  • Easy to use
  • Automated calculations
  • Ease of payment
9.8
overall rating
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05
Star Ratings
An efficient service that makes payments and tax filing easier
  • No hidden fees
  • Payroll tax fillings included
  • Scalable pricing
9.7
overall rating
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06
Star Ratings
Offered with tax compliance assistance and learning management
  • Paperless, cloud-based software
  • Helpful onboarding features
  • Ease of use
9.7
overall rating
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07
Star Ratings
Simplify your tasks with an expert and complete payroll service
  • Excellent web and mobile access
  • Good-quality report generation
  • Employee financial welfare programs
9.6
overall rating
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08
Star Ratings
Employ multiple schedules and pay rates with this payroll system
  • Easy to use platform
  • Free 14-day demo
  • Variety of integrations
9.6
overall rating
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09
Star Ratings
An easily integrable service equipped with robust payroll tools
  • Fully-integrated employee portal
  • On-time tax filings
  • Commendable customer support
9.5
overall rating
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10
Star Ratings
Manages tax filings, employee onboarding, and healthcare needs
  • 24/7 support
  • Electronic payments
  • User-friendly dashboard
9.5
overall rating
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A Brief Overview Of Payroll Services

Payroll software helps to store and track company information regarding all the employee compensations and deductions. Information on details such as the rate of payment, type of payment, and the total hours clocked in are all recorded in the system, and this information is what the payroll system uses to calculate the gross income of each employee. In the following, some of the commonly asked questions about payroll services have been answered to help provide a brief insight into the same.

What are payroll systems?

Payroll systems are a type of software that helps with the process of paying the employees for the time they have put in working for the company. Payroll systems are important for any company as they perform the tedious task of calculating all the paychecks that are supposed to go to the employees, by calculating the total time the employees clocked in for work and verifying the attendance trackers. After this process is done, the system then prepares the paychecks that are to be sent to the employees’ bank accounts. The company does not need to stress about deducting taxes separately, as payroll software already includes tax deductions in its calculations.

How do payroll systems work?

Every company has the responsibility of paying its employees. It is a tiresome process of doing the accounts, more so if you have to do the task by using manual labor. This opens up avenues for mistakes as human errors are bound to happen. Here is where a payroll system comes in and saves the day for the company, as it takes care of this job by keeping a track of the hours, calculation of the wages, tax deductions, setting up paychecks, and then ensuring they reach the employees’ accounts on time.

How much do payroll systems cost?

Many organizations consider making the use of the services that a payroll system provides. Both big and small enterprises make use of these systems, as according to many payroll system reviews, the systems help save a lot of time and money. The organizations using this software would just have to set it up and bear the additional expenses. According to payroll systems reviews, here are the prices of two of the popular payroll systems available in the market.

Gusto

This system was formerly known as ZenPayroll. It helps in the smooth functioning of small businesses. It features 3 different pricing levels:

  • Core: This plan charges $39 as the base price for one month, while it sets the rate at around $6 for each employee. It covers all the basic payroll specifications, along with workers’ compensation.
  • Complete: This plan also charges $39 as the base price for one month as well, but it charges $12 per employee. This is because it includes a complete survey of all the employees and much more.
  • Concierge: The most expensive plan of this system, this plan charges $149 as the base price every month, with a $12 charge per employee. This plan includes certified HR pros and also has an HR resource center.

Patriot Software

This payroll system is web-based and is also a great asset for small businesses. This system comes with two plans:

  • Basic Payroll: This plan charges $10 per month as the base price, plus an additional $4 per employee. This plan features a brilliant setup and expert support.
  • Full Service Payroll: This plan would charge around $30 per month as the base charge and an additional $4 for each employee. There are additional benefits available with this plan; however, you will have to pay additional charges for it.

Why use payroll software?

Payroll software is highly beneficial for both businesses and their employees. The company makes a profit from the efforts and capital that get saved with the help of this software, and the employees enjoy the benefits of the accurate calculations as the payments get credited on time without any mistakes as there is no room for human error.

Are payroll software safe?

Payroll systems deal with a lot of confidential information like employee details, their payment rates, tax deductions, bank account details, and much more. Needless to say, it is extremely essential to ensure that the payment system needs to be secure. You can limit the number of people having access to the payroll data and only the concerned people should be allowed access to operating the systems. This reduces the risk of any random person getting hold of sensitive information. Also, you have the option of locking up all your hard copies that include the payroll information and keep those documents in a secure place. Benefit enrolment forms, Forms I-9, and Form W-4 all come under payroll records. You can ensure its safety by allowing only certain people to access these documents.

Which are the best payroll software?

While there are several payroll services in the market you can use to manage your business’s financial operations, at the moment, these are top providers you shouldn’t miss.

Gusto

Gusto has achieved the feat of streamlining the payroll services of more than 40,000 small businesses. They offer an incredible range of features that simplify not only payroll but also several HR tasks.

  • Automated taxes and filings
  • Auto-calculations for minimum errors
  • Integrates with other platforms

ADP®

One of the oldest payroll providers, ADP® offers cloud-based human capital management (HCM) solutions that combines payroll, HR, talent, benefits administration, and tax. Moreover, it has a solid reputation when it comes to business outsourcing services and analytics expertise.

  • Payroll on multiple devices
  • Tax filing
  • State and Federal forms and resources

Deluxe

Catering to a wide range of businesses such as hospitality, healthcare, and retail, Deluxe is one of the top payroll services. By far, it has served over 4.5 million businesses with its comprehensive payroll and HR systems.

  • Great knowledge base
  • Advanced data security features
  • Tax compliance features

Are payroll systems worth it?

According to payroll system reviews, a payroll system is always worth it as it is a major reason because of which businesses can prosper. These systems help save the cost of labor, save time, eliminate the possibility of human errors, and avoid any kind of compliance issues. This helps the employees gain more time which they can use for other important tasks that need to be taken care of. Since the payroll system takes care of all these aspects, it makes it possible for businesses to take on more employees and expand.