Using the best payroll software in 2024 ensures that employees are paid correctly and on time regardless of location, timezone, or currency. Top solutions offer automated tax calculations, direct deposits, time tracking, and compliance management, making it easy to streamline your payroll process.
With countless offers on the market, I’ve reviewed the best payroll providers to help you find a payroll solution that suits your business size and needs.
The Best Payroll Software 2024
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The Best Payroll Software for 2024 Reviewed
My review analyzes each payroll solution by exploring its features, pricing, and customer support. Using this information, I evaluate each software’s pros, cons, and best use cases.
1. Papaya Global – Best for Integrated Payroll Processing
Free Trial | Free demo |
---|---|
Price From | Starting from $25/month |
Mobile Compatibility | Yes |
Countries available | +160 |
Read our full Papaya Global Review
Pros
- Sliding scale pricing based on size
- Dedicated plan for contractors
- Coverage for over 160 countries
Cons
- Setup fee
- Limited third-party integrations
2. Deel – Best for Global Payroll
Free Trial | Free 30-minute demo |
---|---|
Price From | Starting from $49/month |
Mobile Compatibility | No |
Countries available | +150 |
Pros
- Global payroll services
- Free HR module
- A range of Slack integrations
- Advanced reporting tools
- Immigration and visa services
- Support for multiple payment types
Cons
- Mobile app unavailable
- Limited time tracking tools
- No performance management
3. Rippling – Best for US and Canada-Based Payroll
Free Trial | Free demo |
---|---|
Price From | Starting from $8/month |
Mobile Compatibility | Yes |
Countries available | 50+ countries |
Pros
- Flexible modular pricing
- Option to add other HR, IT, and finance products
- Over 500 integrations
- Very customizable
Cons
- No upfront pricing
- Too complex for small businesses
- Costlier than some alternatives
4. Remofirst – Best for Remote Companies
Free Trial | Free demo |
---|---|
Price From | Starting from $25/month |
Mobile Compatibility | No |
Countries available | +180 |
Read our full Remofirst Review
Pros
- Extensive global coverage
- Competitive pricing
- No setup fee
- Generous discounts
- Intuitive interface
Cons
- Limited HRIS features
- Lacks integrations
5. Paycor – Best for Automating Manual Payroll Tasks
Free Trial | Free demo |
---|---|
Price From | Custom |
Mobile Compatibility | Yes |
Countries available | US only |
Pros
- Unlimited payroll runs
- Employee enablement tools
- Flexible modular pricing
- On-demand pay
Cons
- No upfront payroll software pricing
- Setup fee
6. Paychex – Best For Streamlining Payroll
Free Trial | Free demo |
---|---|
Price From | Custom |
Mobile Compatibility | Yes |
Countries available | US only |
Pros
- Wide range of integrations
- Extensive HRIS features
- Multiple payroll schedules
- Dedicated 24/7 support
- Intuitive interface
Cons
- No upfront pricing
- Limited features in the basic plan
- Complex features that may overwhelm a beginner
7. Bambee – Best for Dedicated Expert Guidance
Free Trial | No |
---|---|
Price From | Starting from $99/month |
Mobile Compatibility | No |
Countries available | US only |
Pros
- Policy management features
- Personalized HR support
- Choice of support options
- Automated staff training
Cons
- Setup fee for most plans
- Limited features and integrations
- Not suitable for large businesses
8. TriNet – Best for Compensation Benchmarking
Free Trial | Free demo |
---|---|
Price From | Starting from $10/month |
Mobile Compatibility | Yes |
Countries available | US only |
Pros
- Low starting cost
- Generous discounts for annual commitments
- No per employee charge in Zen plan
- Provides companies with salary/compensation benchmark report
Cons
- Payroll is not included in all plans
- Long setup times
- Limited customer support options
9. ADP Workforce Now – Best for Scaling Businesses
Free Trial | Free demo |
---|---|
Price From | Custom pricing |
Mobile Compatibility | Yes |
Countries available | US only |
Pros
- Comprehensive basic plan
- All payroll features included in every tier
- Flexible modular plans
- Wide range of integrations
- Customizable features
Cons
- No upfront pricing
- Steep learning curve for beginners
10. Gusto – Best for US Business Tax Compliance
Best For | Manager and employee self-service features |
---|---|
Free Trial | 3 months free trial |
Price From | $40/month + $6/month per person |
Mobile Compatibility | Yes |
Countries available | 120+ |
Pros
- Offers fast payroll processing
- Integration with business tools like Clover and QuickBooks
- Offers multi-state payroll for US businesses
- Provides employee financial benefits
Cons
- There’s no free plan
- Priority support is not available on the basic plan
- Limited reporting customization
- Lack of automated workflow
The Best Payroll Management Software Compared
Provider | Best For | Starting Price | Free Trial | Countries Served | Reporting? | Top Feature |
---|---|---|---|---|---|---|
Papaya Global | Integrated payroll processing | $25/month per independent contractor | Demo | 160+ | Yes | Seamless foreign payroll transactions |
Deel | Global payroll | $49 per month/contractor | Free version available | 150+ | Yes | Foreign incorporation assistance |
Rippling | USA and Canada-based payroll | $8 per month/employee | No | 100+ | Yes | Extensive third-party integration |
Paycor | Automating manual payroll tasks | On request | Demo | 199+ | Yes | Automatic payroll processing |
Remofirst | Remote teams | $25/month per independent contractor | Free version available | 180+ | Yes | Multi-country payroll support |
Paychex Flex | Streamlining payroll processes | Custom | Free demo | 140+ | Yes | Intuitive mobile app |
Bambee | Expert payroll guidance | $99 per month + a $500 setup fee | No | 1 (US) | Yes | Personalized support |
Trinet | Compensation benchmarking | $10/month | Demo | 180 | Yes | Assisted payroll setup |
ADP Workforce Now | Business scaling | On request | Demo | 100+ | Yes | Automated onboarding and payroll processing |
Insperity | Non-US-based companies with US operations | On request | Demo | 1 (US) | Yes | Compliance assistance |
Justworks | Customer service | $59 base fee per month/employee | Demo | 30+ | Yes | Payroll and benefits administration |
Patriot Software | Custom reporting | 17 base fee + $4 per month/employee | Demo | 1 (US) | Yes | A built-in accounting tool |
OnPay | Affordability | $40 base fee + $6 per month/employee | Demo | 75+ | Yes | Powerful customized reporting |
Eddy | Onboarding | $50 base fee + $6 per month/user | Demo | 1 (US) | Yes | Automated tax fillings |
Gusto | Business tax | $40 base fee + $6 per month/user | 3 month free trial | 120+ | Yes | Payroll reports |
PrimePay | Ease of use | On request | Demo | 1 (US) | Yes | Extensive customization |
Natural HR | Employee tracking | On request | Demo | 150+ | Yes | Extensive payroll analytics and reporting |
Push | Restaurants | $6 per month/employee | Demo | 1 (US) | Yes | One-click payroll |
NetSuite SuitePeople | Very large organizations | On request | Demo | 1 (US) | Yes | Tax compliance automation |
BambooHR | User-friendliness | On request | Demo | 190+ | Yes | Advanced time-tracking tools |
Remote | Remote companies | $50 per month/employee | Demo | 30+ | Yes | Global Payroll |
Factorial | Document management | $62 per month/user | Demo | 60+ | Yes | Centralized payslips and data |
Oyster HR | Fast-growing companies | $29 per month/contractor | Demo | 180+ | Yes | Swift Onboarding |
Humi | Customized records and reporting | $8 per month/user | Demo | 1 (Canada) | Yes | Detailed payroll reporting |
How We Review and Test Accounting Products
To provide our readers with accurate and well-informed recommendations, we test the most popular accounting products on the market to find the best options for you. Our methodology consists of the following criteria:
- Features: We examine the features of each accounting software to determine what capabilities are offered- such as creating, editing, and deleting transactions.
- Compliance: We evaluate accounting software based on whether it offers local compliance when it comes to payroll, taxes, documentation, and more.
- Bank Reconciliation: We test the reconciliation process to ensure transactions match bank statements accurately.
- Multi-Currency Support: We verify the accuracy of currency conversions and transactions in multi-currency environments.
- User Experience: We get hands-on with each product and act as a new user, testing each platform to gain understanding if the platform is easy to use or not.
- Reporting and Documentation: We verify the accuracy of financial reports generated by the software such as balance sheets and income statements.
- Integrations: We evaluate the integrations of each piece of software to determine how well it fits in with other key pieces in a business’s software stack, and whether its functionality can be expanded as required.
- Audit Trails: We ensure the software maintains comprehensive audit trails for tracking changes made to financial data.
What is Payroll Software?
Payroll software is a cloud-based or on-premises solution that manages the task of paying salaries and wages to employees. The payroll systems calculate amounts, deduct taxes, and run payroll at scheduled intervals. Some platforms allow unlimited pay runs, while others have a set pay period. The best payroll software providers ensure compliance with local and international laws.
Used properly, these tools will make running payroll a breeze and remove the need for manual data entry, therefore helping businesses of all sizes reduce costs.
How Does Payroll Software Work?
Running payroll is complex and involves many backend calculations and compliance assurances. Most payroll software is a combination of different tools and processes. Either you input employee data or the system collects it from other platforms. Then, it automatically calculates wages and taxes based on your location.
Manual Payroll Solutions:
To calculate payroll manually, you will need to track the time worked by each employee and calculate the related payroll tax, like employee benefits or other tax withholdings. Lastly, you must pay employees manually and note down when and how they were paid.
Automated Payroll Solutions:
If you’re using one of the best payroll software solutions, the tool will calculate the labor cost (with multiple pay rates if required) and tax deductions. Many systems also have an employee self-service payroll app where the employees can receive their pay stubs (that only need approval from your finance team to process). You can also improve business processes with customizable payroll reports and centralized tax documents and feel relief knowing you have a dedicated customer success manager on hand if needed.
To learn more about the process, read our article on how to do payroll.
Trends in Payroll Software for 2024
As technology advances, HR and payroll software continue to evolve. Here are the top 5 trends in payroll software in 2024.
- AI and Automation: AI integration is becoming an essential part of payroll software as it helps automate complex data processing to ensure accurate calculation quickly.
- Data Security: Cyber attacks continue to increase as devices advance in operation and interaction with the internet. As a result, payroll software is implementing high-end cybersecurity measures such as two-factor authentication, industry-standard encryption, and blockchain technology.
- Remote Work: Work flexibility has influenced payroll software to support global payment functions. Many payroll software like ADP Workforce Now can handle multiple currency payment options using different payment methods.
- Payment Flexibility: Many payroll software have adapted multiple payment options into their system to support the growing needs of users with unique requirements.
- Employee Wellness: There is a growing need to support employees’ wellness, and many payroll software are implementing employee benefits and compensation into their systems.
Benefits of Payroll Processing Software
Using payroll processing software can bring you numerous benefits, including:
- Time savings: The automation takes care of lengthy administration processes in seconds.
- Accuracy: Software can calculate the amounts with less risk of errors than humans.
- Lower costs: Payroll software can reduce the amount you spend on labor and penalties arising from compliance issues.
- Data security: Often platforms provide secure storage and encryption that’s compliant with international laws.
- Higher team morale: Employees are happier when they get paid promptly and without mistakes.
Top Payroll Software Features to Look For
Payroll software can have a variety of features, but the following are the most essential:
As this is one of the most time-consuming and error-prone tasks, the software should handle it for you.
Payroll software should withhold the right taxes from wages and send them to the relevant authorities. If you’re international, it should be able to differentiate between different systems.
Top payroll software handles the payments for you. If you have a global team, it should support your staff’s local currencies.
If employees can log in to edit and review their details, that means less work for you. They can also have more peace of mind over their wages and flag issues quickly.
You should be able to generate payroll reports for accounting, finance, and compliance purposes.
Your payroll processing software should integrate with your accounting software so you can keep accurate track of payroll history when it’s time to file taxes.
Other Considerations for Choosing Payroll Software
Apart from features, cost, and usability also take into consideration the following when you’re selecting your payroll system to make sure the software can meet your exact needs.
- Size of your business – The main factor that will influence your choice. You might run a startup now with only a handful of employees, choosing your first payroll system, but how many employees are you planning on having in one, two, or five years from now? The solution you choose should be able to scale with your business.
- How often employees are paid – Do you pay your employees weekly or monthly? Do you work with contractors who need to be paid per invoice? Are you employing full-time and part-time staff? Perhaps you have a mix of all three factors? The payroll provider you select must be suitable to the number of payroll runs you do, the type of employee you have, and support in contractor payments.
- Where employees are based – Not all payroll providers can handle multiple currencies or be compliant to use outside of the United States. The expectations on international payroll software compared to software handling a single state are different, and you need to ensure your chosen provider is suitable for your needs.
- How to handle payroll taxes – Some payroll services handle taxes, others don’t. Before you sign up, you have to decide if you want your software to handle employee payroll taxes and what it offers in terms of compliance and cost for end-of-year tax calculations.
How Much Does Payroll Software Cost?
Payroll software costs can vary widely depending on the included features and size of your business. Basic payroll services often start at around $10-$20 per month, while more extensive solutions range from $100 to several hundred dollars monthly.
The main factors that affect pricing are number of employees, frequency of payroll runs, and advanced functionality such as tax filing, direct deposit, and integration with other HR systems.
Plan Type | Basic | Standard | Premium | Enterprise |
---|---|---|---|---|
Average Cost | $10-$20 | $30-$100 | $100-$300 | $300+ |
Features | Payroll processing, direct deposit, support | Tax filing, employee self-service, reports | Advanced analytics, HR integration, support | Customization, dedicated support, compliance |
Best Suited For | Small businesses, startups | Medium-sized businesses | Large businesses, enterprises | Large enterprises, complex needs |
Free vs Paid Payroll Software
There are many excellent free payroll platforms available for businesses on a limited budget. However, they’re best for very small teams with basic operations. Most companies need a paid version to get all the features they need and reap the benefits.
How to Choose the Best Payroll Software
When deciding between top payroll providers, several key factors can help you make a final choice.
Consider whether you can access all the features you need within your budget. Most payroll platforms charge per employee so calculate how much you can expect to spend on average. Check to see whether any features or services come with additional fees.
Ensure you can get the essential payroll tools for your location and business size. For example, large multinational companies are likely to need localized compliance support. Look at other plans to check that you’ll be able to add other features as you grow and change.
Analyze the pricing plans to see how your costs may change and increase as you upgrade. Ideally, you should continue to receive the same value as you rise through the tiers. Make sure the platform can handle the number of employees you expect to hire in the coming years.
The software should require minimal setup and training so you can start using it immediately. It should also fit around your team’s daily workflow. Look for software with a clean interface and plenty of access options.
Look at the service options for your location and timezone. The provider should offer different types of support and contact methods. At a minimum, there should be a knowledge base and 9 to 5 phone, chat, and email services.
As you use other software, you need to connect them to your payroll platform. Otherwise, you won’t be able to share data across the tools and perform tasks efficiently. Payroll software should integrate with a selection of HR, workforce management, and accounting apps.
FAQs
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References
- Just a moment… | Gartner (Gartner)
- Workplace Wellbeing Initiative Trends for 2024 – Global Wellness Institute (Globalwellnessinstitute)