This article combines 12 of the best services and companies to manage payroll. It is an inherent procedure for all employers with workers in their charge. Furthermore, it is a crucial process for business success that demands professional attention.
For this reason, you can find the characteristics of these services and companies to manage your company’s payroll below. They are in no particular order since all can work for you.
The best services and companies to manage your company’s payroll
Automation and outsourcing are efficient solutions for different areas within a company. In the case of payroll management, the best services and companies attend to the employees’ payments based on company policies.
However, the following services and companies stand out in the market for offering additional functions. We’ll tell you which ones.
1. Gusto
Gusto offers integration with other platforms, such as QuickBooks and Shopify. It is also compatible with other online tools. The platform performs several services in the RRHH area. Among those functions are
- Workforce data updates.
- It monitors employees´ busy and free time.
- It records the time of entry and exit.
As for the prices, it depends on the monthly plans to which the client subscribes. All of them include full payroll service. The value varies according to the number of people.
2. QuickBooks
It is among the best services and companies to manage a company’s payroll because it deals with everything related to human resources.
By this, we mean that the employer can trust the proper administration of bonuses, severance pay, health benefits, and 401(k) retirement plans. Of course, it also covers legal deductions and tax calculation, presentation, and payment. Among the advantages of choosing this platform are
- Real-time treasury monitoring.
- Accounting plan with VAT automation.
- Immediate analysis and reporting.
Regarding the price, the cheapest plan is $ MXN 297.42 per month. However, 1099 forms have an additional cost.
3.Onpay
Allows payroll management at any time and place. Not only administrators but employees in this self-service system can:
- Sign HHRR documents.
- Apply for and join PTO.
- Request vacation.
- Provide personal data.
These benefits come from a monthly payment of $ MXN 515.54 and $ MXN 79.31 per month for each user.
4. KashFlow
It accurately breaks down hourly pay, monthly wages, vacation pay, and contributions. The best thing is that it allows the employee, through self-service access, to access the calculation method and other vital data.
Since it is an online software, it instantly updates any received information, processes the procedure, and automates the response. For example, VAT is sent directly to the HRMC.
5. Patriot
It offers an introductory online payroll management service ready to run:
- It indicates the workers’ working hours and the employer’s payments.
- It confirms payroll.
- It Deposits payment or prints checks.
For full-service payroll, taxes are deducted, remitted, and submitted directly on the company´s behalf. With this data, the software automatically files the tax return and allows the contractor to access the contribution history of the workers.
6. Paylocity
Apart from managing the payroll, it contains competencies in the human resources area, such as recruiting employees and monitoring their performance in the company. In addition, it prepares IRS reports registered nationally in the US. It also handles the filing and mailing of Form 1099 and W-2.
It has templates in its scheme to enter the workers’ data, declare taxes, calculate salaries, paid benefits, and corresponding deductions.
7. PayUSA
What positions PayUSA in the best services and companies to manage payroll is that it offers personalized plans. Of course, The tool respects labor rights and makes the respective deductions in force, such as taxes, social security, and others required by law.
In addition, this payroll management service assumes business accounting and contributes to the HCM of the company. Available for companies with one employee up to 1000.
8. Rippling
This system digitizes all accounting records, legal regulations, forms, and each specific circumstance of the employees. This way, you can control and guarantee the company´s automatic update on any labor incident.
Likewise, it is responsible for calculating the taxes and sending the presentation to the IRS in real-time. In short, everything concerning RRHH and payroll management runs directly through it.
9. PrimePay
This platform provides a complete payroll and RRHH management service. Its encryption runs in a highly secure system. Therefore, it guarantees the data protection of all those involved in the business template.
Allows employees to access and download their pay statements. In the same way, they receive their payment stubs in their emails. Its functions include following up on loan applicants and submitting the report to WOTC tax credits.
10. Paychex
It offers different plans and advice to help you choose the right one for your business reality. Even if you use another payroll manager, they make the change by adding some data.
Among its services, the Vista function allows the incorporation of new workers, who can enter the information. They also handle the onboarding process to apply for valid US tax credits for your workforce.
11. TRAXPayroll
This tool, created for the workforce of companies operating in the US, synchronizes primary payroll data. The information is updated automatically to avoid errors due to double data entry.
It is worth mentioning payroll data protection with a data encryption system. TRAXPayroll can access 100 simple payroll reports at once and export them instantly.
12. Square
This system is best for companies that hire hourly workers. In this sense, it offers the options of salary payment or hourly remuneration. It calculates both fees under the labor laws that apply to W-2 employees and 1099 contractors throughout the United States.
Additionally, Square Payroll supports your payroll to register your bank accounts online so they can process your pay stubs. In addition, it offers deposits at different periods.
The best services and companies to manage payroll. Why choose one?
We know the search is usually overwhelming with many offers, and the most appropriate one is challenging to select. Not because the software or the external company provides bad service but because it does not correspond to the administrative need of your company.
