Payroll Software

TrustRadius Top Rated for 2023

Top Rated Products

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1
MIP Fund Accounting

MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.…

2
Rippling

Rippling gives businesses one place to run HR, IT, and Finance. It brings together all of the workforce systems that are normally scattered across a company, like payroll, expenses, benefits, and computers. This enables users to manage and automate every part of the employee lifecycle…

3
RUN Powered by ADP®

RUN powered by ADP is a benefits administration and payroll platform for small businesses with light additional HR features. It runs on a cloud-based platform with mobile accessibility.

4
UKG Ready

Designed for small businesses where everyone wears multiple hats, UKG Ready® is an HR solution that guides users through their day-to-day HR activities. Capabilities span from HR and payroll to talent and time.

5
ADP Workforce Now

ADP Workforce Now is a cloud-based HR platform for mid-sized businesses. It features customizable modules of various HR services that businesses can tailor to their specific needs, as well as regulatory monitoring and alerts to help businesses remain compliant.

All Products

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51
Proliant

Proliant provides a cloud-based human capital management solution designed to simplify payroll and HR processes, improves accuracy, and ensures industry compliance. Proliant is an all-in-one solution for workforce and talent management across the entire employment life cycle.…

52
Viventium Software

Viventium Software, Inc. provides a cloud-based HCM solution that, according to the vendor, offers a remarkable user experience and design that is enjoyable, personable, and intuitive, along with analytics and actionable insight into your business. Additionally, the vendor aims to…

53
CloudPay

CloudPay is a payroll management tool designed specifically for organizations that have an international workforce. They offer payroll automation services, an earned wage access platform as well as global treasury services to ensure any employee no matter their location gets the…

Explore recently added products

54
Keka HR

Keka HR is an HR & Payroll Management System. The vendor states that Keka's architecture has reshaped employee experience and adaptability in India, and further state that with all HR functionality under 1 umbrella, Keka has made a huge dent in the HRMS ecosystem. Key Features:…

55
Payroll by Wave

Wave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.

56
Greenshades

Greenshades Software in Jacksonville, Florida offers their cloud-based solutions for payroll taxes and benefits management, including an employee self-service portal, as well as tax & compliance management, and a time clock for employee self-service.

57
UZIO

UZIO is a SaaS-based online marketplace that provides intuitive, cloud-based HR, payroll and benefits management software and services purpose-built for these small and mid-sized businesses.UZIO Payroll is presented by the vendor as an easy-to-use, fully integrated cloud-based payroll…

58
greytHR

The greytHR Platform is a suite of cloud HR solutions for small and medium enterprises (SMEs). It offers productivity tools for people management, simpler HR processes, and professional delivery of HR services. The Employee Portal for the manager and employee self-service supports…

59
PrismHR

PrismHR is a platform for PEO and ASO growth, boasting more users among HR service providers than any other software. The technology platform and expansive PrismHR Marketplace are specifically designed to help HR service providers compete in the market, operate efficiently, and reduce…

60
PaycheckCity

PaycheckCity is an online paycheck, salary, tax and withholding calculator from Symmetry Software, powered by the Symmetry Tax Engine.

61
BenefitMall PayFocus

PayFocus is a cloud-based payroll option from BenefitMall headquartered in Dallas, Texas. BenefitMall offers specialized payroll software for construction and restaurants as well, based on the PayFocus platform.

62
247HRM

The 247HRM HR management and payroll software features Document Management, Salary Budgeting, Skill Bank, automated generation of letters and email, custom MIS & Trending reports. It can be used along with other modules documents, salaries, leave data etc. It is developed by Interbiz…

63
WebHR

WebHR is a Cloud based Social HR for SMEs that covers everything from Hire to Retire. WebHR is currently used by more than 8,000 companies in 171 countries. WebHR assists in managing the organization's most important asset - its Human Resource. Key features of WebHR: Native iOS,…

64
Optimum Solutions HRIS (discontinued)

Optimum Solutions, Inc. was a software development company providing Payroll, Human Resources, and Time & Attendance software for both the IBM iSeries (AS/400) and Microsoft Windows platforms or in the cloud. In October 2019 they were acquired by Kronos, Inc (now UKG after merging…

65
Toast Payroll & Team Management

Toast Payroll & Team Management offers HR, payroll, and benefits solutions to meet a variety of restaurant needs. It is based on the former StratEx product, developed by the company of the same name in Chicago that was acquired by Toast July 2019.

66
ADP Enterprise HR

ADP Enterprise HR is a human capital management (HCM) solution for large businesses (1000+ employees) across multiple industries that want customization. This solution is hosted by ADP® to provide the flexibility of outsourced software and the ability to customize. The system features…

67
TribeHR (discontinued)

TribeHR was acquired by Netsuite in 2013. It has since been discontinued.

68
PeopleStrategy

PeopleStrategy provides small and mid-sized companies access to a cloud-based, Software-as-a-Service, hire-to-retire HR platform featuring integrated Payroll, Human Resources, Employee & Manager Self-Service, Applicant Tracking, Onboarding, Benefits Administration, Time &…

69
foundU

foundU is a payroll automation and HRIS solution from the company of the same name in Queensland, presented as an end-to-end cloud system featuring employee self-service, roster costing and efficiency management, and comprehensive reporting capability.

70
TeamWise

TeamWise is an HRMS and Payroll Management Software that performs HR functions in a single platform. The product comprises of comprehensive features that include: Leave and Attendance Management, Payroll Management, Talent Management, Performance Management, Time Tracking, Grievance…

71
Wagepoint

Wagepoint is payroll software, from the multinational company of the same name headquartered in Calgary.

72
Iris HR Software

Iris HR Software (formerly Octopus HR, acquired by Iris Software Group April 2016) is an HR suite.

73
Evolution Payroll

Evolution Payroll is an online payroll platform from GTM Payroll Services. It is designed to be secure and scalable, while making data access easy and user-friendly. Evolution Payroll can incorporate data from retail POS systems, time and attendance systems, and spreadsheet-based…

74
FingerCheck

FingerCheck is a web-based time and attendance solution. Some key features include: Data Processing, Flexible Viewing Methods and Time Cards and Payroll Integration.

75
SentricHR (SentricWorkforce)

SentricHR (formerly SentricWorkForce) is a general HRIS platform that also provides payroll, tax filing, time and attendance, capabilities via a cloud-based system, from Sentric in Canonsburg, Pennsylvania.

Videos for Payroll Software

What is Payroll? Introduction to Payroll in 2022
06:44
CPA Tyler McBroom breaks down the essential components that go into keeping payroll, calculating payroll & processing payroll for your business.

Payroll Software TrustMap

TrustMaps are two-dimensional charts that compare products based on trScore and research frequency by prospective buyers. Products must have 10 or more ratings to appear on this TrustMap.

Learn More About Payroll Software

What is Payroll Software?

Payroll software is a point solution that focuses on calculating and processing employee pay, generating tax forms, and benefits administration. However, payroll capabilities can also be rolled into larger human resources (HR) management software, ERP software, or accounting and budgeting software.

Using a payroll software centralizes the myriad payroll processes onto one platform and provides a variety of tools to make payroll functions more efficient and accurate. Ideally, payroll software will prevent human errors when calculating and administering payroll, as well as allow employees to self-service some functions to reduce administrative overhead.

Payroll Software Features & Capabilities

Most vendors offering payroll software include features such as:

  • Calculating employee pay
  • Automatically calculating deductions for withholdings (e.g. state and federal taxes, insurance and retirement contributions)
  • Direct deposit check processing
  • Printing checks for employees not enrolled in direct deposit
  • Generating tax forms
  • Integrating with external payroll vendors
  • Issuing off-cycle checks or on-demand payments
  • Maintaining payroll history for each employee
  • Administering benefit plans
  • Managing retirement plans
  • Payroll tracking and auditing
  • Modifying and revising employee salaries
  • Running payroll balance and calculation reports
  • Employee self-service

Payroll Software for Small Businesses vs. Enterprises

Smaller businesses often don’t need all the additional features, and heftier price tags, that come with HR, HCM, or ERP software suites. Some examples of payroll point solutions that are targeted for small businesses are Intuit Payroll, Gusto’s Payroll platform, and Paychex Flex.

In contrast, HR management software and HCM suites are usually geared towards large businesses and enterprises. HR and HCM packages typically include broader HR management functions, such as maintaining employee records, managing employee leave, and keeping track of company provided employee assets.

Payroll Software vs. Accounting Software

Similarly to HR management and HCM software, accounting software includes a wide array of functions including but extending beyond payroll capabilities. Accounting software is primarily a financial dashboard that records and updates a company’s financial transactions and information.

Some examples of accounting software that offer payroll capabilities include Wave, QuickBooks Online, and Priority AccountEdge.

In-House vs. Outsourced Payroll

Traditionally, outsourcing payroll services were the dominant model as companies saw this as a way to avoid hiring payroll administrators. Outsourcing is still common, but many companies now choose to conduct payroll in-house with either cloud-based or on-premise solutions.

However, modern payroll software is changing this bifurcated model and offering a third option - cloud-based semi-outsourced payroll software. This hybrid option allows the company to retain control over core payroll processes while outsourcing certain activities, such as calculating tax withholdings.

Payroll Software Deployment

Payroll programs have a few different deployment options, including more traditional on-premise solutions and cloud-based SaaS options. Currently, deployment trends are shifting from on-premise, or hosted, solutions to cloud-based applications that can be partially or fully outsourced.

Some vendors offering different deployment alternatives are:

Payroll Software Comparison

When comparing options to find the best payroll software for you, be sure to evaluate these factors:

  1. Scope of each solution: Payroll capabilities can be found across a range of product sizes. The middle of the road solution would include all the necessary functions for calculating, processing, and administering payroll. Larger solutions will include additional non-payroll functions, like HR management or accounting. On the other end, there are some tools for specific payroll functions, like tax compliance. Holistically evaluate your financial software needs to ensure you purchase a product that can meet as many of your current and future needs as possible.
  2. Customer support and service: According to TrustRadius reviews of payroll solutions, the quality and level of customer service that comes with the purchase is a significant strength, or weakness, of many payroll products. The quality of customer service is particularly important for navigating payroll’s changing regulatory landscapes and compliance requirements. Payroll vendors can help you adjust your processes and stay compliant, but not all products will be able to deliver this service.
  3. Mobile Accessibility: Any payroll software should allow employees to access it through their phones. Your employees should be able to access their pay stubs, pay history, and self service personal information like direct deposit info. Consider the range of capabilities available to employees and administrators through products’ mobile applications, and any additional costs that may entail.

Pricing Information

Payroll point solutions have monthly, subscription-based fees and are generally less expensive than HRM, HCM, or ERP software packages. Prices for point solutions start at $10/month for self-service or basic packages and increase up to $100/month. Most vendors also offer a free trial of their products.

Suite software packages may have subscription fees or a one time license and installment fee. Monthly fees can range from $10 - $50 per employee. One-time fees can range upwards of $20,000, and future maintenance and upgrade costs may apply as well.

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Frequently Asked Questions

How does payroll software work?

Payroll software takes the calculated amount of pay that each employee has accrued over the pay period, makes predetermined deductions and withholdings, and administers the net pay to employees. Some software will also support additional payroll processes, like tax preparation.

What is a good payroll software for small business?

Many payroll software for small businesses bundles the function with other HR or accounting software. Small business-focused payroll providers include TriNet, QuickBooks, and RUN powered by ADP.

Can I do payroll myself?

While technically possible, it is highly inadvisable to conduct payroll without software assistance. The manual process of calculating gross pay, making deductions, transferring money to direct deposit, and writing checks, along with other processes are beyond the capabilities of virtually all businesses.

How much does payroll software cost?

Standalone payroll software starts around $5-$10 per employee, per month, and scale up for additional features or when packaged with broader HR or accounting functions.

What are the benefits of payroll software?

Payroll software helps your business compliant with regulations and reduces human errors and delays when processing and administering payroll.