Best Payroll Software
TrustMaps are two-dimensional charts that compare products and services based on end-user satisfaction ratings and research frequency by prospective buyers. You can filter the data by company size, because small businesses and enterprises can have very different needs.
Products and services must have 20 or more ratings to appear on the TrustMap, and those above the median line are considered Top Rated.
- Top Rated Payroll Software include: Gusto, UltiPro, Namely, TriNet, QuickBooks Online, Priority AccountEdge, Dayforce HCM, Paycor, and ADP SmartCompliance.
- Other Payroll Software on the TrustMap include: Intuit Payroll, Workforce Now, Paycom, Zenefits, ADP RUN, Paychex Flex, Paylocity Web Pay, and ADP Vantage.
- A complete list of Payroll Software is available here.
Payroll Software Overview
What is Payroll Software?
These products are point solutions (or modules within Core HR/HCM suites) for tracking and delivering employee compensation. Payroll management capabilities provide for calculation of employee pay and benefits, in addition to managing direct deposit, salary revisions and payroll tracking. Some products in this category facilitate in-house payroll, while others provide payroll and tax filing services themselves, or partner with third-party payroll vendors. As the trend towards open HR technology ecosystems continues, several vendors have chosen to make their payroll services optional, giving users the ability to use their payroll management technology integrated with a different vendor's payroll services if they desire.
All of the products featured on this TrustMap can include payroll services from the same vendor, either as an add-on (Sage and Quickbooks Online are two examples), or by default, but with the option to use a third-party payroll provider instead (Zenefits and Ultipro, for example). A few of the vendors on this TrustMap, such as ADP, APS, and Paychex are perhaps actually best known for their payroll and tax services, although they do offer Core HR, including payroll management, technology platforms as well.
Payroll Software Features & Capabilities
Features related to payroll management are:
- Calculate employee pay including state and federal deductions
- Ability to integrate with external payroll vendors
- Ability to issue off-cycle checks
- Maintain payroll history for each employee
- Administration of health insurance plans, 401k plans and other benefits
- Ability to electronically transfer pay to an employee's personal bank account
- Payroll tracking and auditing
- Ability to modify individual employee pay increments or other modifications
- Statuary form management
Ultimate Software delivers cloud-based HCM solutions that help businesses accelerate talent acquisition, simplify payroll computations, manage time and attendance, and support proactive, strategic talent management.
TriNet is an HR solution designed for small and midsized businesses. The vendor says it provides small and midsize businesses with a full-service HR solution so they can free themselves from the complexities of HR and focus on their goals. As their trusted HR business partner, TriNet assumes many...
ADP Workforce Now is an cloud-based HR platform for mid-sized businesses.
Ceridian is a global HCM software company. Dayforce is Ceridian's flagship cloud HCM platform, and provides HR, payroll, benefits, workforce management, and talent management functionality. According to the vendor, the platform is used by organizations, regardless of industry or size, to optimize...
Paycor offers recruiting, hiring, benefits administration, payroll, tax compliance, and time & attendance tracking capabilities.
Quickbooks Pro is accounting software from Intuit, Inc. It allows a user to create invoices and track sales, enter and pay bills from vendors, and download bank and credit card transactions directly into QuickBooks. It contains analytic features, and its reports can be exported into Excel. Its home...
RUN powered by ADP is a benefits administration and payroll platform for small businesses with light additional HR features.
QuickBooks Online is a SaaS verison of the QuickBooks product. The monthly fee for this service starts at $13 and can be upgraded to include payroll services, and inventory management (implementing Intuit's acquisition, the Lettuce Inventory Management app, as a built-in component of QuickBooks...
Workday Human Capital Management is built as a single system with a single source of data, single security model, and single user experience. Workday offers organizations a cloud-based system that evolves to meet changing business needs today and into the future. The user-friendly, global system...
Paycom is a core HR management software solution. It includes features such as talent acquisition and management, time tracking, and payroll management.
Oracle's PeopleSoft HCM is a complete suite including Global Core Human Capital Management, Workforce Management, Workforce Service Delivery, and Talent Management.
QuickBooks Enterprise is a widely-used accounting package designed for smaller organizations. It is the top of the QuickBooks line. Pricing starts at $3,000 for five users, and goes up depending on the number of additional users. They also offer an Advanced Inventory module for $999 / year.
Namely, headquartered in New York, offers their eponymous HR platform, for integrated HR, payroll, benefits, and employee performance management.
ADP Vantage HCM is a fully-integrated platform combining the pillars of human capital management: HR, payroll, benefits, talent management and time & attendance.
APS is a national workforce management and cloud-based HR solution provider. The platform includes core HR, payroll, time and attendance (including manager and employee self-service), ACA compliance tools, and a mobile app.
ADP SmartCompliance is a tax and regulatory compliance platform for midsize or larger companies using an ERP or non-ADP platform for HR and HRMS services.
Web Pay provides 24/7 access to your online payroll and human resource data. Web Pay offers highly customizable functionality for such things as General Ledger and Accruals, along with self-service capabilities and advanced report writing features. Features include: Online Payroll...
Zenefits is a free, cloud-based core-HR platform with benefits administration capabilities. Zenefits, an American company headquartered in San Francisco, is not paid by users of its platform but by benefits providers whose users choose to administer benefits through the Zenefits platform. A...
Vista® is a feature-rich, completely integrated human resource, benefits, payroll, recruiting, and self-service software application that aims to enable organizations to minimize the time invested in administrative HCM and payroll activities by streamlining and automating those processes and...
Paychex Flex, of Paychex' Online Payroll Services, is a cloud-based human resource management and payroll platform, scalable to meet the needs of small businesses, SMBs, and large enterprises.
AccountEdge is a small business accounting software for Mac and Windows users. AccountEdge allows business owners to organize, process, and report on their financial information. Its features include accounting, integrated payroll, sales and purchases, contact management, inventory, and time...
Intuit Payroll is a small business payroll option available as a standalone software product, as an add-on with Intuit's popular QuickBooks product suite, and also as full-service payroll outsourcing.