Top 5 Payroll Management Software a Growing Business Must Have

Over time the organizations chose to employ software as a measure to automate the monotonous and hectic task. One such software is payroll management software, and this evolved to be one of the crucial compliance software for businesses as it aid in maintaining and tracking the total amount of wages being paid to their employees. Installing these software actually saves time as mundane tasks are automated. There are also features to remind the user to carry out the tasks such as payslips updating, tax submission and more. The manual payroll management could be erroneous and end up committing mistakes, however, even minor mistakes in payroll could draw major loss to the organizations. Thus, employing payroll management software could aid in eliminating human errors.

Let us check out a few payroll management software below.

Patriot Software

Patriot Software

Patriot payroll application is an economic software that comes in two modes namely basic payroll and full-time service. This software user friendly and is designed for a non-technical person. The premium offering, bring in features such as bank reconciliation, recurring invoices, and user permissions. The software also aid in setting up wages, fees, taxes, deductibles and other critical data that affect the employee’s salary. 

On the other hand, the full-service package, calculating local, state and federal taxes is also defined as the vendor has a team of experts to do this for you. This eliminates costly regulatory penalties.

Patriot Info

  • Founded: 1986
  • Founder: Mike Kappel

Company Stats

Patriot's annual revenues are $1-$10 million and it employees 10-100. It is categorized as operating in the Payroll Services industry.

Patriot Payroll's unique features

  • Free expert support
  • Free direct deposit
  • Customizable payroll
  • Free payroll setup
  • Free employee portal
  • Fast, unlimited
  • Flexible payrolls and many more

Patriot Dashboard

Clients:

Gusto, Paychex, Quickbooks, BBC, ABC, Auto Parts Lab, Ascent Health, Airwell, Healthcare Navigation, AGL, Amelia Island,  Bella Bugs and many more.

Pricing:

Patriot offers 30-days free trial

Charges $10/month (+ $4/month per employee) for basic payroll and $30/month (+ $4/month per employee) for full-service payroll.

Onpay

Onpay

OnPay is also a user-friendly software specially designed for small and medium-sized businesses. This is a cloud-based software that automates tax payments and filings, Process W-2 and 1099 forms. This software aids in saving time as if allows employees to complete their task such as Self-on boarding, Lifetime accounts, personal information, Change address, Pull paystubs, employment docs, and tax forms, Control voluntary deductions. This software could be used on Android, iPhone/iPad, Web-based. Onpay efficiently manages employee, tax payment, and filing, HR processes, cost-effective solutions and health insurance benefits.

Onpay info:

  • Founder:Jesse Burgess
  • Founded: 2011

Company Stats:

Onpay’sestimated annual revenue is approximated to $7.9M per year.

Unique features:

  • Full-service Payroll
  • Automated tax filings
  • Time off tracking
  • Benefits and HR in 50 states
  • Automated tax filings and many more

Onpay dashboard

Client:

Cartecay

Pricing:

Free Trial for 30 Days

Costs $36 /month base fee +$4 /month per person post the trial period.

Paycom

Paycom

Paycom is a cloud-based software that enables one to experience a smooth and continuous user experience and delivers dedicated service and employee managed data. It offers a complete package from hiring, engaging, paying, and managing to track employees. Paycom also contributes to HR Management, Talent Management, Talent Acquisition, and Time and Labor Management tools. This software enables the managers to access the service from any internet-connected device from anywhere. Paycom works on varied platforms such as Android, Windows, and Mac.

Company Info:

  • Founded:1998
  • Founder: Chad Richison

Unique features

  • Payroll Tax Management
  • Online Payroll Processing
  • Expense Management
  • Employee self-service
  • Time & attendance management
  • Time & labour management
  • Human Capital Management (HCM) and many more

Paycom Dashboard

Company Stats:

  • Paycom’s revenue is estimated to be $841.4 million (2020) and US$737.7 million (2019). It employees approximately 4,200 as of 2020.

Quickbooks

Quickbooks

This payroll application is mobile-friendly, cost-effective, and easy to use. It has clients across the globe. It is developed for small and midsized business. Using this application, one could generate payslips, efiling of taxes, manage leaves, tax computation, processes payroll. This software aids in tracking project details also one can access Quickbook pro from anywhere and anytime and check their payroll as well as complete the payments. It also helps in monitoring employees and reminds to send payments from time to time without any delay. Employees could join their bank account in this software which helps in automatic payment in their bank account.

Quickbooks Info:

Founded:1983

Founder:Scott Cook and Tom Proulx

Company Stats:

Quickbooks’ revenue grew to $1.8 billion, up from $994 million in the prior year. Increased Consumer Group revenue to $710 million.

Unique features

  • Real-Time Invoice Status Tracker
  • Sick Leave Tracking, Time Tracking
  • Check to Bill Payments
  • 24/7 Customer Support (for Pro Plus Plan)
  • Business Performance Tracking and many more.

QuickBooks Dashboard

Pricing:

Offers Free trial for 30 days post which the pricing range as Quickbook simple start- $15/month, Quickbook essential- $20/month, Quickbook plus- $35/month. 

BambooHR

BambooHR

BambooHR is a cloud-based software designed for small and growing firms. This software provides some of the customized features and is user friendly. The application has also won the Best HR Management Software Award for 2018 as well as the Expert’s Choice Award for 2018.

BambooHR has a centralized database that helps in calculating employees’ performance daily. Managers could track their employees anytime. Furthermore, it offers a modifiable rate health plan, meaning that the user can easily track even age-based plans, and calculate automatically the changeable amounts his employees have to pay. This software is used worldwide and is available in six different languages.

BambooHR Info:

  • Founded: 2008
  • Founder:Ben Peterson&Ryan Sanders

Company Stats:

The technology firm employees close to 470 employees and serves nearly 11,000 clients across 100 countries.

Clients:

 Shopify, Foursquare, Reddit and many more.

Unique Features

  • Centralized Employee Database,
  • Applicant Tracking System,
  • Performance Management,
  • Applications Management,
  • HRMS Software,
  • Secure Data Storage and many more.

BambooHR dashboard

Pricing

Pricing has not been disclosed upfront, but free trial for all-in-one software is available. However, they would also extend your free trial upon request or even give you a free demo of the advanced features.

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