Best Payroll Management System

Get the list of 10 best payroll management software to manage business payrolls in 2022.

Top 10 Best Payroll Management tools Of 2022

Payroll management keeps a record of the total amount of salaries or wages paid by a company to its employees. Companies and individuals have come to realize the importance of payroll management. It helps to save time with a range of automated features. Remainder helps the user to keep payslips updated and tax submissions. It is easy to make mistakes when you manage aspects of payroll manually, but with the right payroll management solution, such mistakes are avoidable.

A growing business needs to have Payroll software to accurately calculate the pay and to make payment method more flexible. Figuring out tax responsibilities is the worst part. Payroll software helps in calculating the correct amount of tax and filing them automatically.

Further use of payroll software is calculating payments, withholding tax and depositing monthly payments into the designated bank account of employees.

Some of the best Payroll Management applications are discussed below.

1. CuteHR

CuteHR is an HRMS application with advanced features of Payroll Management. It is designed to manage your employee’s payroll according to your business contract with your employees. CuteHR Features let users work for many tasks on a single dashboard

Some Unique features of CuteHR are.

Payroll Management
Invoice Management
Work Hours Tracker
Project Management
Attendance and leave management.
Document management.
Request management.
Client Management.
Reports and Analytics.
And many more.

This application is best for

Maintenance and supervision of the payroll system and record of leaves applied and received.
Calculation and timely payment of termination payments.
Proper checking and regular updation of the employee database including all the payment details.
Ensuring the payment of tax withholding for every employee.

CuteHR Pricing

CuteHR Comes with

A free version of up to 10 users for a lifetime.
Monthly 3 Dollars per user if you are subscribing for more than 10 users.
The yearly plan comes with 2 dollars per user if you are subscribing for more than 10 users.

Check complete pricing details here: CuteHR Pricing

CuteHR is a cloud-based application and can be used from any location.

2. Gusto

Gusto makes it easy to onboard, pay, insure, and support your hardworking team. This software is designed to simplify the complex processes involving payroll, benefits, and HR for modern businesses.

Several benefits are available like medical, vision, dental, 401(k), commuter benefits and more.

Gusto also delivers a solid set of payroll features, along with a well-designed user interface, and innovation and automation functionalities. Plus, businesses get to use it at a fair price tailored to their exact needs.

Gusto ensures that businesses can pay through bank deposit or check options, automate calculations, year-end forms, and taxation to avoid critical errors, and save even more time to handle bookkeeping on its own.

Some Unique features of Gusto

Lifetime Accounts for Employees
Easy Charitable Donations
Automated New Hire Reporting
Payroll on Autopilot
Employee Self-Enrolment
Automatic Payroll Tax Processing
Hourly and Salary-based Computations
and many more

Gusto is a cloud based application and can be used from any location.

Gusto Pricing

Concierge Plan: Full-Service Payroll + Advanced HR Tools + Certified HR Advisors – $149/mo base + $12/mo per person

Complete Plan: Full-Service Payroll + Advanced HR Tools – $39/mo base + $12/mo per person

Core Plan: Full-Service Payroll – $39/mo base + $6/mo per person

Check complete pricing details here: Gusto Pricing

3. Patriot Software

Patriot Payroll is budget-friendly software that offers two products: Basic payroll and Full-Service Payroll. This software user friendly and is designed for non technical person.

With our premium offering, you’ll have features like bank reconciliation, recurring invoices, and user permissions. Streamline your accounting process even further with custom invoice templates and invoice payment reminders. The software helps to set up wages, fees, taxes, deductibles and other critical data that affect the employee’s salary.

If you avail of the full-service package, calculating local, state and federal taxes is also accurate as the vendor has a team of experts to do this for you. This helps you to avoid costly regulatory penalties.

Some Unique features of Patriot Software

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

Patriot Pricing

Free Trial for 30 Days
Basic Payroll – $10/month (+ $4/month per employee)
Full-Service Payroll – $30/month (+ $4/month per employee)

Check complete pricing details here: Patriot Pricing

4. Paycom

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

Some Unique features of Paycom

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 Pricing

Paycom pricing information is available by quote only. Please contact the vendor for detailed pricing information.

5. Onpay

OnPay is user-friendly software for small and medium-sized businesses. It is a cloud-based software which automates tax payments and filings, Process W-2 and 1099 forms, Get phone support from Certified Payroll Pros. This software helps to save time as if let employees do their task such as Self-on boarding, Lifetime accounts, Change address and personal information, Pull paystubs, employment docs, and tax forms, Control voluntary deductions. This software can be supported on Android, iPhone/iPad, Web-based.

Onpay helps in efficient employee management, tax payment, and filing, HR processes, health insurance benefits, and cost-effective solutions.

OnPay is very easy to set up and they keep on adding features that make life easier for the businesses.

Some Unique features of Onpay

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

Onpay Software Pricing

Free Trial for 30 Days
$36 /month base fee +$4 /month per person

6. SAGE 50Cloud

Sage 50cloud is a cloud payroll solution for small and medium-sized businesses. It not only focuses on the payroll process but also helps in getting insights, automating daily tasks, engaging the workforce. The software helps to store employee details and documents to the cloud securely. One can use this software from anywhere and anytime if the device has an internet connection. This software automatically updates the employee’s details, leaves, absentees, etc.

SAGE also provides time and attendance management where employees and managers can record the in and out time

Some Unique features of SAGE

E-banking
Time and Attendance Management
Payroll Onsite Support
Payroll number, tax code, and National Insurance details
GDPR Support Tools
Automatically calculate PAYE, National Insurance & tax deductions
Real-Time Information (RTI) Ready
and many more

SAGE Pricing

Free trial
Sage 50cloud Payroll Standard- £19.50/month (up to 15 Employees)
Sage 50cloud Payroll Professional- £66/month (up to 50 Employees)

7. Quickbooks

Quickbook is one of the most mobile-friendly, affordable, and easy to use payroll software used globally. It is designed for small and midsized business. Through this software, one can generate payslips, efiling of taxes, manage leaves, tax computation, processes payroll. This software also helps in tracking project details. Like SAGE and Paycom one can access Quickbook pro from anywhere and anytime and check their payroll as well as can do payments. It is a powerful employee monitoring tool. It helps to remind you to send payments from time to time so that there is no delay. Employees can link their bank account in this application which helps in automatic payment in their bank account.

Time tracking feature helps to track the invoice and bills.

Some Unique features of Quickbooks

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 Software Pricing

Free trial for 30 days
Quickbook simple start- US$15/month
Quickbook essential- US$20/month
Quickbook plus- US$35/month

8. BambooHR

This software is a cloud-based software for a small and growing business. BambooHR offers some of the customized features and is very easy to use. It has won the Best HR Management Software Award for 2018 as well as the Expert’s Choice Award for 2018.

With the ATS feature manager can monitor their employees very keenly and can work more efficiently. BambooHR is a centralized database that calculates employees’ performance daily. Managers can track their employees anytime. Bamboo HR offers a modifiable rate health plan, meaning that the user can easily track even age-based plans, and calculate automatically the variable amounts his employees have to pay. This software works globally and is currently available in six different languages.

Some Unique features of BambooHR

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

BambooHR Pricing

Free Trial
Contact the vendor for detailed pricing information.

9. Namely

Namely is a cloud-based software for midsized business. It manages payroll, time and attendance, benefits and talent. This system automatically performs all the action and reduces paperwork to a great extent. The news feed section keeps updated about the company. One can customize their profile. Namely helps to track events and payments. You can download it as an ICS file, which lets you sync the calendar with whatever online calendar you use. This software also allows you to manage who can access what data and set permissions so everyone can access the information they need without compromising sensitive data.

Some Unique features of Namely

Time Off Tracking
Roles and Permissions
Health Insurance
Time & Attendance
Talent Management
and many more

Namely Pricing

Contact the vendor for detailed pricing information.

10. Zenefits

Zenefits is cloud-based software that unifies all its tools in one dashboard. It focuses on small and mid sized businesses. Zenefits offers three basic packages Essentials, Growth, and Zen. Employee self-service (ESS) allows employees to manage their information — everything from viewing payroll to updating benefits elections.

Some Unique features of Zenefits

HR Management
Hiring & Onboarding
Insurance Benefits (Medical, Dental, Vision)
PTO Tracking
ACA Compliance
Payroll Sync
and many more

Zenefits Pricing

Standard – $5/employee per month + $40 base fee per month
Advanced – $9/employee per month + $40 base fee per month

FAQ in Payroll Management System

What is payroll system?

Payroll systems is responsible for managing employees payments and employment taxes. With payroll management system, it becomes easy to track work hours and holidays and sanction the payments and wages of the employees accordingly.

What are the steps in the payroll process?

The steps in payroll process includes 1. Maintain and fetch the unique employee code or identification number 2. Collect all employee taxes from the payroll system. 3. Choose a schedule for the payroll. 4. Calculate the gross pay 5. Identify and determine the deduction for each employees 6. Calculate the net pay and make the payments. 7. Save the runned payroll of that period and check for mistakes if any for record purpose.

Which Software is used in payroll?

There are many to choose from like CuteHR, Gusto, Patriot Software, Paycom, Onpay, SAGE 50Cloud, Quickbooks, BambooHR, Namely, Zenefits

What are the benefits of payroll software?

Payroll software helps in automating your company compliance with employees wages and run monthly payroll without human errors when processing and administering the salaries with allowances, deductions during a defined period of processing.

Richa Kumari

Richa Kumari is a Software consultant with CuteHR. She has been a reader of business applications that improves small and medium business productivity. Apart from this, she is passionate about writing and business development. Completed her PGDM in marketing and operations. Travelling, movies and foody are some out of the box traits to describe her.