Showing 1-20 of 121 products
ADP Workforce Now is a human capital management solution for companies with more than 50 employees. The core capabilities of the solution include human resources management, payroll, benefits, talent management, compliance, time and... Read more
Recent recommendations: 224 recommendations
Zenefits is a cloud-based human resources information system (HRIS) that features user dashboards, core human resources, benefits administration, onboarding and employee scheduling. When new employees are hired, HR professionals using... Read more
Recent recommendations: 219 recommendations
Workforce Ready by Kronos is a human resources (HR) platform that combines workforce management with human capital management (HCM) capabilities and is suitable for businesses of all sizes. Kronos Workforce Ready is a single cloud-based... Read more
Recent recommendations: 194 recommendations
Namely offers a cloud-based solution for companies seeking a single comprehensive system to manage their human capital. Namely helps midsize companies manage compliance and streamline everything payroll, benefits and talent management. Namely... Read more
Recent recommendations: 186 recommendations
RUN, powered by ADP, is a web-based payroll solution designed for small businesses. The solution can be deployed on either iPhones, iPads or on any touchscreen device. RUN can integrate with multiple third-party accounting software... Read more
Recent recommendations: 141 recommendations
Paycor’s Perform is an integrated cloud-based software suite that offers functionality to encompasses the entire employee lifecycle - from recruiting and onboarding to time and attendance management. Collectively, the solution offers... Read more
Recent recommendations: 95 recommendations
Patriot Payroll from Patriot Software is an integrated human resource (HR) and payroll management solution that helps to streamline the different processes associated with managing payroll payments and tax submissions. The solution... Read more
Recent recommendations: 92 recommendations
APS (Automatic Payroll Systems, Inc.) APS delivers cloud-based tools for managing core human resources (HR), payroll, attendance, hiring, and ACA compliance. Once employee information is entered, it is immediately available across... Read more
Recent recommendations: 86 recommendations
The iCIMS Talent Acquisition Platform provides cloud-based software that enables users to manage the candidate lifecycle. The TextRecruit module is a mobile engagement platform with text messaging, live chat and natural language... Read more
Recent recommendations: 78 recommendations
Ultimate Software’s UltiPro® is a cloud-based human capital management (HCM) solution designed to help organizations manage their HR, payroll, and talent needs. A configurable solution, UltiPro has functionality for recruiting and... Read more
Recent recommendations: 57 recommendations
Viventium is a cloud-based payroll and human resources (HR) solution for small to mid-size businesses. Key features include payroll, HR, talent acquisition, ACA tracking, business intelligence, and time and attendance. A mobile Employee... Read more
Recent recommendations: 55 recommendations
Vibe HCM offers both HR transactions & compliance and strategic employee engagement in one HCM platform for midsize businesses. Vibe HCM offers recruiting, onboarding, communication and connection, HR management, talent development... Read more
Recent recommendations: 48 recommendations
iSolved is a unified, cloud-based human capital management (HCM) solution that offers key workforce functions including payroll, HR, time and attendance and benefits enrollment, as well as people-centric functions such as learning... Read more
Recent recommendations: 33 recommendations
Planday is a cloud-based employee scheduling platform suitable for businesses of almost any size or vertical. In addition to scheduling, Planday also allows managers to oversee employee hours, vacation requests, shift-swaps, payroll... Read more
Recent recommendations: 25 recommendations
Vista is an integrated human resource, benefits, payroll, recruiting and self-service application that offers tools for administrative HCM and payroll processes. Functional elements include workflow, tax management, recruitment,... Read more
Recent recommendations: 24 recommendations
Collage is a cloud-based human resources (HR) and benefits management platform built for the needs of small and midsize businesses. Collage also digitizes group benefits enrollment and can sync with any insurance provider in Canada. Collage’s... Read more
Recent recommendations: 13 recommendations
Emplloy is a cloud-based human resources (HR) and payroll management solution that manages processes associated with compliance documentation, payroll processing and tax submissions. Key features include customizable reports, employee... Read more
Recent recommendations: 13 recommendations
Justworks PEO is a human resources solution for small and mid-sized companies in industries including accounting, advertising, non-profit, banking, consulting, telecommunications and more. Core features offered within Justworks PEO... Read more
Recent recommendations: 12 recommendations
PeopleGuru HCM is a cloud-based HR solution that enables organizations to manage employee lifecycle. The solution also helps in managing different HR applications which include benefits management, payroll, compensation management,... Read more
Recent recommendations: 12 recommendations
Built on intelligence and machine learning, Oracle HCM Cloud is a complete human resources (HR) application suite. It is a personal, adaptable tool designed to support the entire workforce lifecycle worldwide for every industry and... Read more
Recent recommendations: 11 recommendations
Whether you're a solo CPA or one of many at a large accounting firm, offering employee payroll services to clients can represent a significant boost to your bottom line.
It can also present significant challenges.
Not only do you need to ensure that all of your clients' employees are paid accurately and on time, but there's also the matter of making sure the government gets their correct cut too—something that's often easier said than done. The IRS estimates 40 percent of small to midsize businesses (SMBs) end up paying a payroll penalty each year due to an incorrect filing.
With so much on the line, having the right payroll software is crucial. But which system is best suited to meet your specific needs as an accountant?
This Buyer's Guide aims to provide some guidance. Below, you'll find information about payroll software functionality, pricing and more to help in your software search.
Click a link below to jump to that section:
What Is Payroll Software for Accountants?
Common Functionality Found in Payroll Software for Accountants
Benefits of Payroll Software for Accountants
How Much Does Payroll Software Cost?
Payroll software for accountants allows CPAs to manage worker wage information, calculate amounts for employee compensation and withheld taxes, do payroll runs, generate reports and more. Many popular payroll software systems cater to both internal accountants and outsourced accounting firms.
An example payroll run in QuickBooks Full Service Payroll
Payroll software offers accountants a secure digital environment to automate processes, set reminders and manage a vast amount of payroll data over time.
Browsing through payroll vendor websites can quickly become overwhelming if you're not sure what you're looking for. To help, here are some common functions you can expect to find in most systems:
|Employee management||Track individual employee pay rates (hourly or salaried), withholding information for benefits and paid time off (PTO).|
|Time tracking||Input hours worked, or pull them from an integrated time and attendance system, to calculate correct wages.|
|Run payroll||Set a payment period (biweekly, monthly etc.) and calculate the total payroll cost for that period.|
|Payroll allocation||Deposit owed payroll amounts to workers in their preferred form (direct deposit, check printing or pay card).|
|Tax management||Calculate correct amounts for local, state and federal payroll taxes and file automatically.|
|Accounting integration||Automatically log payroll amounts in the company ledger through integrated accounting software.|
|Reporting||Generate standardized reports detailing organizational payroll costs.|
There can be small differences in features within these functions between products. For example, some products offer multistate or even multicountry payroll, while others don't. Another example is some payroll platforms can generate W-2s and 1099s for workers come tax time.
One increasingly popular feature is an employee self-service portal where workers can log in to do things such as update their bank accounts or download past pay stubs themselves. This article highlights a few benefits of implementing self-service features.
In a 2015 report, Software Advice learned that one in every five payroll software buyers still relies on manual methods such as spreadsheets or pen and paper to handle their payroll needs. If you fall into this group, it's time for an upgrade.
Here are some benefits that dedicated payroll software can bring over manual methods:
How much you pay for a payroll software system is going to largely depend on two factors: the breadth of functionality in your system of choice and the number of employees you're doing payroll for. The more advanced the system is and the more employees you need to manage, the greater the cost.
Because most systems are cloud-based (meaning the software is hosted by the vendor on their own servers for you to access via a web browser), payroll software is almost always sold through subscription licensing. In other words, you should expect to pay a flat fee every month, every year or every pay period to use the software.
Software license prices can range from as little as $10/month for one employee all the way up to $3,500/month for 250 employees or more.
Download our payroll software pricing guide to learn specific cost information for popular systems such as Gusto, Xero and QuickBooks.
We've covered the basics, but there are still a number of factors to consider when deciding which payroll system is right for you or your firm. Here are some last things to keep in mind during your search: