Blog Articles

What Is Bring Your Own Payroll?

An overview of how GoCo's bring your own payroll option works.

Anna Coucke

by Anna Coucke - June 21st, 2024

If you are a small business looking to streamline your Human Resources operations with an HR software solution, you may have discovered that most providers require payroll operations to be moved onto their platform as well.

At GoCo, we understand that each company’s needs are different, and not all want to — or can — move away from their current payroll provider. This can be for any number of reasons: your CFO loves QuickBooks; you’re locked into a 5-year contract; you’re in charge of HR and onboarding but not payroll. The list goes on.

We get it, and that’s why we created another option. We call it Bring Your Own Payroll (B.Y.O.P)!

How Does B.Y.O.P. Work?

With GoCo, you can get the modern all-in-one HR platform you’re looking for while keeping the payroll that you love. GoCo’s payroll sync dashboard allows you to track any changes in GoCo so you can keep payroll updated. It’s that simple!

That’s not all, though. GoCo comes with federal and state tax forms built-in, making it easy to view employee tax designations. And, for those who opt to use GoCo’s Benefits Administration features, benefit deductions are automatically calculated for you. 

Our payroll sync dashboard assists you with:

  • Pay Changes: Tells you the exact effective date of wage changes.

  • Tax Changes: Makes tax changes easy to track, populating changes whenever an employee updates their tax information.

  • Benefits: Tracks changes to benefits and deductions, calculates prorated amounts, and helps you manage catch-up deductions.

  • Onboarding and Terminations: Lets you know when to add or remove employees from payroll and equips you with a final paycheck calculator to help factor in pay, deductions, and PTO liability.

With GoCo, you can be confident that you receive timely updates so your payroll is kept up-to-date and nothing slips through the cracks.

What if I Want to Switch to GoCo’s Payroll Later?

Considering changing your payroll later, but aren’t ready to make the jump yet? No problem! 

GoCo offers a fully embedded payroll option. When you are ready to make the switch, GoCo’s industry-leading customer support specialists and implementation experts are ready to help make the transition easy.

How Can I Learn More?

Ready to see what GoCo can do for you? Take a free tour of our platform today or schedule a one-on-one demo with a GoCo expert for a deep dive into our features.

Ready to explore GoCo?

Check out our interactive Product Tour.

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