Managing payroll without a helping hand can certainly take its toll on your productivity. As you continue to scale your team, you’re eventually going to need help from a payroll service, such as GoCo. To that end, we’ve compiled a list of some of the best payroll services that can help streamline everything.
Payroll processing is tough. From calculating wages to keeping track of tax withholdings, there are many potential legal and professional landmines to avoid.
And there’s only so much that you can accomplish with an in-house accountant or two.That is why, choosing the right company to invest in – one that can help make payroll processing a breeze without putting a dent in the wallet – is important. With that in mind, we, at GoCo, have crafted a customizable solution, making us the first choice for many businesses.
Check out our extensive list below to read about the best options available in 2020:
Designed with flexibility and user-friendliness in mind, GoCo is the ultimate platform to streamline all of your HR workflow, including payroll processing. With GoCo, you can automate everything: from the onboarding checklist for new employees to tracking paid time off, and a whole lot of other processes in between.
While every feature is packed with amazing benefits, the star solution is the embedded payroll software, powered by Execupay. Whether you want to set up payroll for a new employee, finalize pay stubs, keep track of changes, or create reports, GoCo has you covered.
One of the best things about this versatile platform is the Payroll Sync feature, which seamlessly connects to other cloud-based payroll systems. This means that you don’t have to set up a new system from scratch, or change the existing policies. Just fire it up and let GoCo handle the rest.
Furthermore, GoCo also allows you to completely digitize your documentation with e-signatures, ensure compliance, enroll existing benefits brokers, and much more.
If you’re ready streamline your HR, benefits, and payroll – you can take GoCo on a free test-run or schedule a demo.
Paychex Flex is another all-in-one HR platform, suitable for businesses of all sizes. Offering complete HR services, including benefits management, ATS, and of course, payroll services, to name a few, Paychex has grown into one of the most successful payroll companies over the years.
In terms of pricing, however, the payroll platform sits a bit towards the higher end. The initial setup fee is $200, while the total expense depends on how many employees you have.
That being said, the packages range from $15 (+ $1 per employee) to $74 (+ $3.15 per employee) for running payrolls on a weekly basis. This doesn’t include the additional expenses for year-end forms.
The payroll services include a dedicated specialist, a native LMS, compensation reports, garnishment payments, and much more. Along with the free mobile app, users can conveniently manage payrolls on-the-go.
You can request a quote and enjoy the first three months all for free.
When you talk about cutting-edge finance tools, you can never go wrong with Intuit.
One of them is Quickbooks – a comprehensive accounting software – that monitors cash flows, tracks sales, and of course, helps manage payroll.
Among the Quickbooks suite is a payroll platform that lets you run payrolls automatically, get real-time updates, make direct deposits, and avoid filing errors.
As far as the pricing is concerned, Quickbooks Payroll isn’t cheap. The basic package starts at $22.50 per month (+ $4 per employee), that covers all of the basics, including auto payroll, benefits management, support, and next-day deposits.
The most expensive package costs $62.50 per month (with an additional $10 for every employee), and includes more advanced features.
Visit Intuit QuickBooks
Next on our list of online payroll companies is Gusto – a provider of end-to-end HR solutions.
Specializing in providing payroll services, Gusto offers a wide range of other solutions, as well. These include team management, benefits administration, time tracking, and access to professional consultants.
With Gusto, you can easily run payrolls within minutes, file payroll taxes automatically, integrate with other platforms, and more.
Compared to most platforms, Gusto offers more flexibility in terms of pricing, offering four different packages.
The most basic package, the “Contractor,” is perfect for employers who haven’t hired W-2 workers yet. It costs only $6 per employee, with no base fee. On the other hand, the most advanced package, the “Concierge,” is for larger enterprises, costing $149 per month (with an additional $12 for every employee).
Apart from the features mentioned earlier, Gusto, depending on your package, also provides access to certified HR consultants, resource centers, employee self-service, time tracking, and surveys.
ADP is another renowned name in HCM.
It’s also one of the most popular payroll companies.
Apart from RUN, ADP’s flagship payroll software, the company offers PEO, talent management, time/attendance tracking, benefits administration, and HR consulting. Like the platforms discussed above, the company is suitable for businesses of all sizes, belonging to most industries.
With ADP, you can enjoy online payroll processing, automate tax payments, and provide user-friendly self-service to your employees. On top of that, you also get 24/7 access to customer support by certified payroll professionals.
In terms of pricing, ADP does not provide estimated figures. The total cost depends on your number of employees and whether or not you want to opt for add-ons.
Considering that, and all of the non-transparent fees, it’s safe to conclude that ADP RUN isn’t cheap.
Paycor provides complete human capital management solutions.
The comprehensive HCM suite can help streamline and automate recruitment, application tracking, onboarding, and process payroll, among other things.
The payroll software is one of the most user-friendly platforms, rocking an intuitive interface – suitable for medium and small businesses. Standard solutions include calculation of workers’ compensation, general ledger integration, compliance assistance, self-service, and reporting tools.
Furthermore, the company provides complete support to your employees, who can track their pay stubs, get payroll information, and make changes on the go with a mobile app. This includes 401(k) integrations, wage garnishment reports, and more.
All in all, the payroll software by Paycor has all the features that SMEs need to streamline their efforts.
Sage is a leading provider of cloud-based apps for business management, payroll, and accounting and finance in the United States.
The extensive Sage Human Resource Management System offers a wide range of solutions, including, but not limited to, time and attendance, benefits, and payroll management. The payroll software also exists as a standalone product, meaning that you don’t necessarily have to acquire the entire HRMS.
With the Sage HRMS payroll software, you can reduce compliance risk, customize the processes to your liking, create custom paychecks, automate payroll timecards, and much more.
If you’d like to learn more about how Sage can help streamline your HR workflow, you can join Sage University. Besides, there are extensive resources and a forum known as “Sage City,” where you can ask any questions and get answers from seasoned experts.
Like ADP, Sage does not have a fixed pricing for their payroll services, but you can always contact them to get a free quote.
Paylocity is yet another leading provider of cloud-based HCM products.
From core HR to processing payroll, the complete suite offers everything a business needs to manage its workforce.
The cutting-edge payroll software allows you to automate change with employee action forms, create critical checklists, data integration, and verification performed before processing.
On top of that, you can manage expenses, ensure compliance, and even allow employees to deposit earned wages before payday.
If that’s not enough, Paylocity also offers garnishment management and tax services to make things easier for you.
Like most other companies, Paylocity doesn’t offer fixed pricing. However, it’s generally considered to be an expensive option for small businesses, with a few sources claiming that the base fees are anywhere between $125 to $200 per month.
However, for a larger enterprise with more budget to spare, Paylocity could be worth it.
Square is another renowned provider of full-service payroll solutions.
Specializing in financial services and mobile payments, the company offers a wide range of software.
One of them is the Square Payroll – a solution that’s perfect for all kinds of businesses. With Square Payroll, you can manage employee benefits, pay your workforce on time, track hours, and automate tax filings.
Thanks to its mobile app, you can do all of that, and much more, on the go.
The pricing starts at $29 per month, and increases by $5 for every employee that you have.
If you’re a small business owner, looking for a full-service payroll software, you should definitely consider OnPay.
OnPay takes away the complexity of payroll processing with a user-friendly platform that also streamlines benefits and HR processes. With the help of OnPay, you can run payrolls for both 1099 contractors and W-2 employees, automate tax filing, provide employee self-service, and much more.
The software also integrates seamlessly with popular accounting and attendance tracking platforms.
Additionally, OnPay comes with a long list of HR tools, such as e-signing, automated onboarding, new hire reporting, and more.
There’s only one package that covers all of the features, with a base fee of $36 per month. For every employee, you’ll have to pay an additional $4 per month.
OnPay doesn’t have any hidden payroll fees and users can run unlimited payrolls. The only exceptions are for health insurance, and other policies that you add on, along with insufficient funds fees.
You can try out OnPay for a month for free.
Workful is another payroll provider, targeting small businesses.
Marketed as an “all-in-one business small management software,” Workful offers a single platform to manage payrolls and track time. Essentially, the software is like a mini-HR department that a small business owner can carry around in their pocket.
The payroll software works like any other, by syncing up with the employees’ time clock data, allowing you to run payrolls in just 4 clicks.
Furthermore, you can create, view, and share extensive payroll reports on expenses, tax liability, timesheets, and payroll register detail.
It also allows you to file state and federal tax forms in a few simple clicks.
Furthermore, Workful is one of the most pocket-friendly options as far as payroll services go. The base price is $25 per month with an additional $5 for every employee. Visit Workful
SurePayroll, a subsidiary of Paychex, offers payroll services to lean businesses.
What makes them special is that they also service households that employ nannies. If such a household pays more than $2,100 per year to a nanny or a helper, the IRS requires them to file payroll taxes.
You can outsource the payroll processing of your nanny or helper to SurePayroll.
On the other hand, if you’re a small business owner, you can take advantage of the company’s online payroll services. In just a few, simple steps, you can automate your payroll, and just kick back and relax.
Additionally, the payroll company offers workers’ compensation insurance and 401(k) plans.
Wave Payroll provides simplified solutions that are perfect for small businesses.
The company is known for its many solutions, including its accounting, invoicing, and receipts software. However, the Wave Payroll software is the one that takes the cake.
With Wave Payroll, you can easily keep track and share stubs, pay your employees on time, file year-end tax forms, and more.
Offering affordable payroll management capabilities, the platform is cloud-based and is one of the most pocket-friendly solutions out there. The base fee is $20 per month, and costs an additional $4 for every employee.
Visit Wave Apps
Patriot software specializes in two solutions – accounting and payroll management.
Trusted by thousands of businesses, their online payroll services guarantee peace of mind on a budget.
Patriot Software currently offers two packages for its payroll platform. The basic one costs $10 per month (+ $4 for every employee). For the full-service package, the base fee is $30 per month, but the per-employee-fee remains the same.
The company provides setup support, direct deposit, workers’ comp integration, and an employee portal, for free, regardless of the package.
Users of both packages also get unlimited payrolls, integrations, time-off accruals, and much more.
More advanced features, offered with the full-service package, include assistance with tax filings.
Visit Patriot Software
The last one on our list of payroll companies is Rippling.
Unlike other payroll companies that we’ve reviewed, Rippling also specializes in providing solutions that help automate IT workflows.
The mobile app allows you to run payrolls anywhere in the world, and integrates flawlessly with your existing systems. The app also allows your employees to request PTO and view pay stubs anytime and anywhere.
Rippling Payroll can also automatically file taxes on your behalf and allows you to delegate tasks within the HR teams.
Right now, the core package, that includes both HR and IT automation capabilities, starts at $7 per month (per employee).
Consider the size of your business or the number of employees that you have.
Have a chat with the finance department to see if you have the budget.
Consider how soon you want the system to be up and running, and compare the setup timeframes for different software.
Consider your current systems and determine how much freedom they offer when it comes to integration.
Any add-ons or value-added features that you might need to run your business more efficiently.
With all of those things in mind, you can choose a payroll service that’s perfect for your needs.
Considering all of those factors, GoCo is the only platform that offers flexibility and ease-of-integration like no other. Whether you’re an SME or a larger business, GoCo offers complete end-to-end HR solutions.
With top-of-the-line features such as customizable onboarding, automated tracking of PTO accruals, COBRA administration, HIPPA compliance checks, and much more, the company provides a single platform that simplifies HR.
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