Name: PaySoft Payroll
Author: Cyberedge Web Solutions

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PaySoft Payroll is a payroll cycle software designed to streamline and automate the payroll management process. According to the vendor, this software caters to businesses of various sizes, making it suitable for small and medium-sized enterprises. Professionals in the fields of Human Resources, Accounting and Finance, and other industries requiring efficient payroll management can benefit from the features and functionalities offered by PaySoft Payroll.

## Key Features

**Complete Payroll Cycle**: PaySoft Payroll handles various aspects of payroll management, including daily attendance, leave, on-duty, and late attendance. It generates attendance reports and automates salary calculations, aiming to reduce manual errors.

**Statutory Reports**: This software generates necessary statutory reports required by government regulations, ensuring compliance with tax laws. According to the vendor, it includes features such as Form 16 generation for income tax purposes, simplifying the process of filing taxes.

**Income Projection**: PaySoft Payroll offers income projection functionality, allowing businesses to forecast future income based on employee salaries and other financial factors. This feature aims to assist in financial planning and resource allocation.

**Full and Final Process**: The software automates the calculation of final settlements for employees leaving the organization. It accurately calculates pending dues, gratuity, and other final payments, aiming to save time and effort in the settlement process.

**Customization**: PaySoft Payroll is flexible and customizable. Companies can tailor the software to align with their unique payroll policies, leave policies, and other HR processes, aiming to provide a personalized experience.

**Attendance Management**: This software provides comprehensive attendance management functionality, allowing businesses to efficiently track and manage employee attendance. It handles daily attendance, leave requests, on-duty records, and late attendance, aiming to facilitate accurate payroll calculations.

**Vendor Connect**: PaySoft Payroll includes a vendor connect feature that streamlines the material receipt process. It automates the material receipt process by scanning barcodes at the security gate, verifying the quantity of received items, and facilitating automatic bill booking, according to the vendor.

Gusto offers payroll, benefits and compliance capabilities. Gusto is scaled for small to mid-sized businesses, and emphasizes an easy to use interface.

Simple: A streamlined set of automatic payroll features and benefits integrations

Plus: Comprehensive payroll, benefits, and HR tools for employers building a great place to work

Premium: Scalable payroll and benefits, expert HR, and dedicated support for the complex needs of growing teams

Gusto

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 billing. It was acquired by Priority Software in January 2018 to expand that company's small business portfolio.

AccountEdge Pro

AccountEdge Network Edition

AccountEdge Hosted

AccountEdge

PaySoft Payroll

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.

Cyberedge Web Solutions

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Support for external payroll vendors

Support for external payroll vendors is the ability to integrate with 3rd-party payroll services.

Off-cycle/On-Demand payment

Provide employees access to wages accrued during the pay period before the end of the pay cycle.

Payroll history for each employee

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Payroll tracking and auditing

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Statutory form management

Generation and management of tax forms (state and federal).

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

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PaySoft Payroll

Overview

What is PaySoft Payroll?