Top 15 Payroll Software Systems

Gusto: Top Payroll Solution

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Payroll management software can be used by companies to perform tasks such as calculating staff members’ salaries and deductions, generating paystubs and tax forms, depositing the salary directly into employees’ bank accounts and more. The application helps to minimize manual errors and cycle times. It offers benefits such as efficient management of staff data, secure financial transactions, and detailed reports on employee payroll. If you are looking to invest in a good payroll software solution, we can help you. This article details the main features and benefits of the top 15 payroll software solutions in the market from which you can make your choice.

1. Gusto

Gusto is a robust platform that combines payroll software, compliance, and benefits administration features. It is designed for small businesses in the US and helps these companies easily manage their staff members’ HR needs. The application offers solid payroll features, a well-designed user interface, and impressive automation and innovation tools. The vendor also offers a great free trial if you’d like to try out the key features of the software first. You can easily sign up for Gusto free trial here.

Gusto’s stated mission is to simplify business processes such as payroll, benefits, and HR for modern companies. This software is used by more than 40,000 businesses in the US and the company has offices in San Francisco and Denver. You can avail this solution by paying a monthly price of $39 per month plus $6 per user. Features include unlimited payroll runs, year-end W-2s and 1099s, direct deposit, new hire reporting and more. There is no need to sign a contract and you can suspend your account any time. After you suspend, Gusto will file and pay any outstanding payroll taxes and also generate year-end W-2s and 1099s for your employees.

2. Xero

Xero is a leading financial collaboration app that is designed to meet the needs of small businesses regardless of their industry. Accountants term this solution as one of the handiest assets for managing financial activities. Our experts found Xero to be usable and friendly and the platform offers helpful features that help close important accounting gaps.

Even lay users without any accounting knowledge will find Xero easy to use as it converts even complex financial concepts into an enjoyable experience. For example, it simplifies double bookkeeping and makes it easily manageable by non-expert users. This usability is the main reason why we rate Xero as the top application in our list. Another advantage is if you have not hired the services of a bookkeeper, you can benefit from the guidance of Xero’s certified advisors.

Xero is a New Zealand-based company that was founded in 2006 and today has 20 offices in different parts of the world. This accounting app is used by more than 475,000 solo accountants and businesses. Pricing packages are affordable and start from $25/month. Top features include powerful add-ons, bank reconciliation, invoicing, purchase orders, and free, unlimited email support inventory.

3. BambooHR

BambooHR is an online HR software system designed for small and mid-sized businesses. These companies can use this user-friendly solution to migrate data from basic spreadsheets to an advanced Human Resource Information System (HRIS) that meets their requirements.

With this app, HR professionals can save time and use it for important tasks. BambooHR’s Applicant Tracking System (ATS) can be used to manage all aspects of employees’ life cycle and it also offers visibility on strategic indicators such as retention and turnover.

BambooHR offers a sleek and modern interface with an attractive color template. Plus, its comprehensive feature suite includes personnel data modules, key HR functions, tracking capabilities, and advanced reporting tools. This platform is ideal for decentralized and remote teams as it is compatible with popular operating systems.

4. UltiPro

UltiPro is a product of Ultimate Software which provides human capital management (HCM) solutions. The company was founded in 1990 in Weston, FL, and its products are utilized by thousands of global customers in multiple industries. UltiPro offers HR, payroll, talent, compensation, and time and labor management features that connect users with the info and resources they need to work effectively.

UltiPro delivers strategic HR features in one global system. You can track all human capital management details about your staff members including personal information, employment history, benefits information, performance history and more. Plus, the app handles the payroll requirements and computations for employees in the US and Canada in just a few simple steps. Other benefits include talent management, business intelligence tools,   employee portal, time management, and performance management.

5. Wave

Wave Apps is a well-integrated business solution that combines accounting, invoicing, and receipt scanning in one package. It is a good choice for small businesses and self-employed professionals such as consultants, freelancers, and entrepreneurs.

The app is easy to set up and use. It offers a simple and very navigable dashboard that displays everything you need. Wave simplifies accounting and invoicing processes and enables users to easily manage employees and taxes, track expenses, and chase payments. You can use the system to create and send out invoices, estimates, and receipts quickly. Plus, the tracking features can help you to stay on top of your processes. Key features include direct credit card payments, direct deposit, yearly record keeping, tax calculations and deductions, and payroll.

6. Zenefits

Zenefits is an online platform that offers HR services for small and medium-sized companies. The solution removes the stress and complexity of HR administration for managers. Plus, it enables businesses to utilize their resources smartly to manage complex payroll processes. Main features include mobile optimization, ACA compliance, hiring and onboarding, customer support, payroll sync, insurance benefits, employee directory, and business intelligence.

Zenefits integrates all HR functionalities in one easy-to-use online dashboard, giving the business owner better control, its employees easier access, and the business enhanced confidence in its compliance. HR managers can use this app to keep track of their team. The best part is the service is free for use and is therefore an ideal choice for startups and small businesses.

7. Namely

Namely is a comprehensive HR suite that combines payroll software, talent management, and benefits. This solution is used by more than 400 companies and it has managed more $2.5 billion in annual payroll. It is a cloud-based app that enables businesses to manage compliance and streamline HR processes such as talent management, benefits, and payroll.

Namely is designed for mid-market companies and it helps them to handle the processes of managing employee information and calculating paychecks to accurately show deductions for taxes and contributions for benefits such as health insurance. Key features include workflows, roles and permissions, resources, calendar, reporting, time off tracking, and organizational charts.

8. Sage HRMS

Sage HRMS is designed for small to mid-sized organizations and provides an extensive suite of HR tools. Companies can utilize these tools to fully optimize the total life cycle of their employees, from recruitment to talent management. The app also offers payroll functionality and is designed to support the payroll requirements of businesses in multiple industries including agriculture, construction, manufacturing, retail and others.

Sage HRMS is an efficient HR and payroll management software that offers businesses the tools and capabilities they need to attract and recruit top talent, improve employee engagement, and train their employees to become useful assets to their companies. Main features include decision support, paperless HR, time management, risk mitigation and compliance, and recruiting and onboarding.

9. Intuit Payroll

Intuit Payroll is a robust yet affordable payroll solution that offers three pricing plans to suit various business budgets and needs. Each plan has its limitations except the premium product, the Full Service Payroll in which all tax and payroll processes are managed by the software. Businesses can use this app to easily pay their employees on time without spending too much time on the process.

Companies can use Intuit Payroll to settle payments with their employees accurately and efficiently. You can generate unlimited paychecks while automating payroll tax calculations. Plus, the vendor offers reliable support by live experts. Top features include poster compliance service, workers’ compensation, hiring tips and tools, and step-by-step help for setup.

10. Justworks

Justworks is an HR solution designed to ease the workload on HR officers and managers. The app helps businesses to manage their workers in an effective fashion. It offers payroll services and automation options as well as easily implementable solutions for employee benefits, salaries, leaves and related HR matters.

Justworks was launched in 2012 and since then it has become a recognizable brand in the payroll software solutions industry. One of the highlights of this application is the employee benefits manager. For this scheme, the vendor has partnered with leading benefits providers to offer maximum benefits to your employees who can manage their profiles online. Benefits include vision, dental, and medical health.

11. Dayforce HCM

Dayforce HCM is a cloud-based system for HR management, talent management, document management, benefits, analytics, payroll and tax, and workforce management. This app provides businesses access to real-time data on human capital management (HCM). There are no user interfaces and one user experience. Companies can utilize this solution to find and hire the right talent, manage benefits enrollment, process pay, maintain HR records, manage compliance, schedule the work-life balance of their staff members and more.

Ceridian’s Dayforce HCM offers useful HCM features in a unified suite. You can utilize the product to manage payroll, benefits administration, on-boarding, core human resources and more. The system is web-based and flexible, and compatible with all widely used browsers. Key features include touch time clock, mobile app, document management, dashboards, and performance management.

12. ADP Workforce Now

ADP Workforce Now is a web-based HR solution designed for midsize businesses. This application collects and automates all of your company’s HR processes into a single dashboard. You can create added user permissions for your staff members to enable them to manage multiple HR functions. The system also helps you to manage your employees’ benefits and holidays, and easily produce insightful reports. The vendor offers video tutorials, a demo, and online support.

ADP Workforce Now offers HR capabilities such as benefits management, payroll, talent management, and time and attendance. It also offers a benefit plan creation wizard that can be configured for the on-boarding processes of your organization. Top features include HR outsourcing services, global human capital management, employee wellness, cloud-based storage, and analytics.

13. AccountEdge

AccountEdge is a small business desktop accounting and management system for Mac and Windows operating systems. It offers the features you need to manage contacts, bill for time, track and build inventory, run payroll, and create and track sales and purchases. In short, the app offers all the tools you need to operate your business efficiently.

AccountEdge helps you report on all areas of your business including sales and invoicing, purchases and orders, inventory, time billing, and more. You can also add credit cards, direct deposit, payroll forms, and more services. The vendor offers top notch support and you can visit the product website to utilize free email support and make use of self-help resources such as discussion forum, support library, and knowledge base. The company’s phone support team is based in Rockaway, NJ.

14. Workday

Workday is a leading Software-as-a-Service (SaaS) solution designed for global businesses. The system combines lower ownership costs with a fresh method to business applications.

Founded by PeopleSoft veterans, Workday offers unified payroll, financial, and human capital management solutions for modern companies. This cloud-based app is a viable alternative to legacy ERP. It is used by more than 280 companies including top Fortune 50 enterprises. The vendor makes money by offering subscriptions to its various services rather than selling software.

Workday is an intuitive and simple app and you don’t need to be a technology expert to do your tasks. The vendor ensures there are no complex and disruptive upgrades when you are using the tool. Data security is assured as the system utilizes rigorous safeguards and protection measures. Top features include automated reconciliation of bank statements, benefits administration, and absence management.

15. SurePayroll

SurePayroll is a full-featured online payroll app for businesses. The highlight of this solution is a built-in management platform named One-Click Payroll which simplifies all payroll processes. This feature saves companies plenty of time as they don’t have to do the tasks manually.

SurePayroll offers an interactive, customizable dashboard. It supports multiple payroll types and calculates and delivers payroll taxes. Other benefits include an extensive suite of payroll-processing tools, excellent recordkeeping, and seamless integrations with leading business software. Thus, this product is a good option for companies looking to invest in a software solution that makes payroll management faster yet accurate and reliable. Main features of SurePayroll include mobile payroll apps, accounting integration, time clock integration, and SureAdvisor federal and state labor law compliance.

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