Best Payroll Software for Your Business
The list of best payroll software includes Keka, PocketHRM, WalletHR, HROne, Spine Payroll, and ZohoPay. Payroll management software helps to automate and simplify business hr payroll management.
List of 20 Best Payroll Software
Best payroll system to grow your business
Paychex is a well-designed payroll management software that allows great flexibility in managing various HR-related tasks. It encompasses services like payroll and taxes, insurance, employee benefits, 401 (k) retirement services, accounting and finance and PEO. Read Paychex Flex Reviews
Global Payroll and Compliance
Build your remote team with Deel. Hire international employees and contractors compliantly around the world. Run payroll in hundreds of currencies with one click. Read Deel Reviews
Software by Rippling
Rippling is a fully featured HR Software designed to serve Agencies, Enterprises. Rippling provides end-to-end solutions designed for Macintosh. This online HR system offers E-Verify/I-9 Forms, Multi-Country, Employee Database, Recruitment Management, Employee Lifecycle Management at one place. Read Rippling Reviews
Emergents | 2023
Payroll Solution For Small, Medium And large Businesses
Process payroll accurately and securely in 3 simple steps with ADP Vista HCM – a highly configurable and secure cloud-based payroll software designed for small, medium, and large businesses. With Vista HCM, you can generate all the necessary payroll and compliance reports easily. Read ADP Vista HCM Reviews
Software by OnPay, Inc
OnPay is among the most powerful payroll software available in the market. It is working from the last 30 years to help small business enterprises. It integrates with Xero, QuickBooks, etc. Read OnPay Reviews
Software by Oyster HR, Inc
Oyster Payroll is a cloud-based platform for managing payroll and HR tasks. It is among the best payroll software in India that streamlines business payroll processing with tax management, compliance reporting, and employee self-service features. The platform specializes in managing payroll for remote workers and international employees. Read Oyster Payroll Reviews
Software by Papaya Global
Papaya Global is a cloud-based payroll application software platform that manages global payroll and HR tasks. The employee payroll software streamlines payroll processing for businesses operating internationally. It has features such as tax management, compliance reporting, and benefits administration for efficient business workflow. Read Papaya Global Reviews
Keep your time and money
Our secure online payroll system, paying your employees has never been easier. We’ll help you get started by setting up your payroll, employees, payroll tax information, etc. Read Patriot Payroll Reviews
Payroll Management Software for Small Businesses
Gusto is the employee onboarding platform, offering payroll, benefits, HR tools, and world-class support for small businesses. With Gusto, it’s easy to take care of your team and grow your business all in one place. Read Gusto Reviews
Category Champions | 2023
Award-winning payroll system
Keka is a payroll software solution that simplifies HR-related tasks by automating the workflow for better and more accurate results. This Payroll Management Software is further equipped with a modern applicant tracking system that empowers HR staff to acquire the right talent. Read Keka Reviews
Keka's Pros and Cons
Team can check the upcoming leaves of Team-mates. Operations are smooth and tax management section is impressive.
Keka automates many of the procedures and streamlines the payroll and HR functions. I particularly enjoy how it interfaces with our benefit providers, keeps all employee data in one local location, and makes updating a snap, especially when doing mass updates.
Sometimes the employee face problem in Clock-out. May be some internal issues which can be taken care of easily.
Sometimes it's really hard to contact the support team, and there is a lack of communication and collaboration among different departments. Need to resolve this issues.
Software by Pento
Pento is a comprehensive payroll management software designed to simplify and automate the payroll process for businesses. The platform offers a range of features and tools to streamline payroll administration, including automated calculations, tax filings, employee self-service, and integrations with various HR and accounting systems. Read Pento Reviews
Pento's Pros and Cons
It is easy to use once you get to know how to use it and it is very time effective as it saves your time with its automation.
Pento integrates with bamboo hr which makes things a lot easier. It is also fairly self explanatory what is where. It is good that employees get email payslips
People who are new to using this software may take some day or two to learn it.
The setup took some time, as we needed to set up all employees and link the bank account. Be sure not to change in the last days of the month.
Employee payroll system for small businesses
Intuit Payroll is a robust payroll software that comes in two packages to suit various business needs. It offers a complete set of payroll features which include calculating payroll taxes automatically, instantly generating unlimited paychecks, and much more. Read QuickBooks Online Reviews
QuickBooks Online's Pros and Cons
Once the software is set up properly, the steps to manage accounts payable and receivable are fairly straight forward for someone that is not an accountant by trade. Consistency in coding expenses is the key.
Integrated with Bank & Credit card and upload voucher from there by defining expense rules
The software is very specific, almost quirky. Some weeks the software will recognize a payroll check and print without question whereas other weeks it will create a "credit" against the invoice and require a manual adjustment prior to printing.
Import facility is not available for all type of vouchers, only selected type. Also 2 types of reporting tags (Cost centre) available.
Best cloud based payroll software
Zenefits is the only small business HRIS that connect your payroll, benefits, other HR systems, and employee onboarding. It has a user-friendly dashboard and various novel features. Read Zenefits Reviews
Zenefits's Pros and Cons
Human Resource laws are always changing, Zenefits keeps us on top of new laws and advises us how to proceed and what forms to fill out, etc.
Payroll, taxes, benefits, etc.
Getting in touch with them is sometimes frustrating but I realize they are busy answering other customers' calls. For the most part, I do not have a problem.
Nothing comes to mind.
Don’t Just Keep Up Get Ahead
With modern, intuitive technology and a world-class team of HR experts, Namely empowers people teams with an all-in-one HR solution designed for mid-sized businesses. Read Namely Reviews
Namely's Pros and Cons
Namely software is a web-based system which provides its support on a mobile device too.
I will high recommend Namely software to other business colleagues. it is value for money
I didn’t find any cons in the software. Liked it very much.
Got to known about it a little late, the marketing team should promote it.
Integrated Payroll Management Solution
UZIO is a SaaS-based online HR, benefits and cloud-based payroll management solution, provider. It is an ideal solution for any small to medium businesses who would like to move from paper-based tasks to a sophisticated HRIS platform. Read UZIO Payroll Reviews
Category Champions | 2023
Cloud Payroll Software For Seamless Management
Zoho Payroll makes payroll administration simple by automating everything from timekeeping to tax calculations. It handles everything from centralizing and organizing employee records and information to scheduling payrolls and managing statutory compliance. Read Zoho Payroll Reviews
Zoho Payroll's Pros and Cons
Monthly computation with flexibility add/deduction of one time, flexibility of tax deduction, documentation & proof of approval of proof of investments
Easy to use, understand and implement. Very intuitive and uncluttered which makes user confident enough. Regular and timely product updates. Very precise product and training manuals.
Batch wise payrun to identify billable or non billable customewise/projectwise
Can not be much customized in comparison to other Zoho Products. Calculation of yearly bonus as per payment of Bonus Act is not available. Multi level approvals not available.
A Simple, Flexible, Accurate, and Compliant Payro
Ensuring Your Success with Darwinbox An intuitive UI that delivers efficient results in 3 steps: Input delivery, Payroll processing, Report extraction. Read Darwinbox Payroll Reviews
Software by CheckMark, Inc.
CheckMark is the perfect Payroll system. Easy to use and affordable for any size and any type of organization for an unlimited employee. Accurately calculate salary, deduction, P.F., Overtime etc and generate Salary slip. Read CheckMark Reviews
Software by ELMO Cloud HR & Payroll
ELMO is the leading employee onboarding platform to provide Talent management, Workforce investigation and effective tools to consistently manage recruiting, onboarding, learning, performance management, progression and HR Core. Read ELMO Cloud HR & Payroll Reviews
High Performer | 2023
Easy and Simple to use Payroll Solution
greytHR is the preferred Payroll software for Indian businesses. It automates key areas of HR, Payroll Management, leave, and attendance tracking. With more than 9,000+ highly satisfied customers and managing 10 lakh employee records daily, it delivers high-quality software service on a 24 x 7 basis. Read greytHR Reviews
greytHR's Pros and Cons
customer support, when we raise a ticket, the response rate is high and good
Pay calculationAbout Pay calculationSupported:Support for external payroll vendorsAbout Support for external payroll vendorsSupported:Off-cycle/On-Demand paymentAbout Off-cycle/On-Demand paymentSupported:Payroll history for each employee
More features can be included, pms can be improved, could have been made more user friendly
User Experience - It has a very old user experienceMobile friendly - The mobile app is only available on android with limited functionalityBugs - We encountered few bugs in the system which were only solved after talking to the tech team.
As businesses grow, managing payroll becomes a complex and time-consuming task. Payroll software can streamline this process, automate calculations, and ensure compliance with tax laws and regulations. Choosing the right payroll software can be overwhelming with so many available options.
This guide aims to provide a comprehensive overview of the key features and considerations to help you make an informed decision that meets your business needs. This guide will help you choose the finest payroll software system for your business, whether you're a small business owner or a payroll administrator.
Payroll software is a type of software that helps businesses automate and manage their payroll processes. It simplifies calculating and processing employee payments, including salaries, bonuses, and deductions, by automating tax calculations, paycheck printing, and direct deposit payments.
Payroll software can also help businesses comply with tax laws and regulations by automatically deducting and remitting payroll taxes and generating reports for tax purposes.
Some payroll software may also have features such as employee self-service portals, time and attendance tracking, and benefits administration. Overall, payroll software helps businesses streamline and automate their payroll processes, saving time and reducing errors.
Payroll software plays a crucial role in managing the financial aspects of a business by automating and streamlining the payroll process. Some key roles that payroll software plays include calculating employee compensation and benefits are automated and streamlined by payroll software, which is essential to modern business operations.
The program allows employers to quickly manage employee payroll activities, including calculating wages, deductions, taxes, and other withholdings.
Payroll software minimizes errors or compliance problems while ensuring employees receive correct and timely wages. Payroll software can facilitate employee time and attendance data integration, enabling more precise tracking of hours worked and overtime.
Furthermore, many payroll software packages offer reporting and analytics features that give useful information about labor costs, benefit costs, and other financial variables. Ultimately, payroll software is crucial for companies of all sizes since it helps them save time and minimize errors.
By automating manual (and error-prone) processes, HR payroll software solutions assist you in conducting employee salaries, wages, bonuses, and deductions. It also keeps track of paid time off, vacation, and perks. Here are some of the key benefits of payroll software:
Setting up and processing payroll via attendance and payroll software solutions is relatively easy. This renders them user-friendly.
Payroll programs minimize the need for manual tracking and payment. This helps your team save time, which may be redirected to other areas of your company, resulting in increased productivity. Tasks such as calculating salary and timesheets can be carried out as quickly as 20 seconds.
Tax rules and regulations are subject to change regularly. It may be challenging to calculate taxes, and missing deadlines can result in expensive fines and penalties for companies.
The payroll system software helps businesses remain compliant by providing information and reminders about payroll compliance needs. It is designed to apply tax deductions automatically and track payments in real-time. Some HRMS payroll software can also generate reports for filing tax requirements automatically.
An hr payroll software enables you to generate reports for internal decision-makers, accountants, and auditors. Summaries of quarterly costs, yearly tax payments, and historical employee benefit participation are all examples of what may be found in a payroll report.
Furthermore, reporting capabilities, such as cost summaries and tax payments, are frequently included in hr payroll software solutions.
Automates Payment Disbursement
You may also use payroll programs to automate the payment disbursement procedure. Using attendance with single-touch payroll software, you may customize hourly or salaried staff and save much of the tedious labor of calculating hours and paychecks.
Also, most hr payroll software systems allow you to provide your employees a choice in how they receive their pay. You may keep employee preferences in the system to ensure that their chosen mode of payment is used every time.
Payroll services reduce the risk of disclosing sensitive employee information to a third party. You get complete control over your financial data.
Besides, employers can restrict access to the payroll information of their employees. Employees can easily view their payroll information on the self-service portal. It ensures complete pay transparency.
Businesses need payroll software essential for any business to operate effectively and efficiently. Below are some important reasons:
Time and cost savings
Payroll software automates and streamlines the payroll process, saving time and reducing costs associated with manual payroll processing, such as data entry, printing and mailing checks, and reconciling payroll data.
Accuracy and compliance
Payroll software ensures accuracy and compliance with tax laws and regulations by automatically calculating taxes and deductions, generating reports for tax purposes, and keeping track of changes in tax laws.
Many payroll software solutions include self-service portals, allowing employees to access their pay stubs, update personal information, and request time off, reducing administrative work for HR staff.
Payroll software securely stores employee information and payroll data, reducing the risk of data breaches and ensuring compliance with data protection laws.
Reporting and Analytics
Payroll software generates reports on payroll costs, tax liabilities, and other financial metrics, providing businesses with insights into their payroll processes and helping them make informed decisions.
The key features of payroll software can vary depending on the specific software, but here are some of the most common features you can expect to find in most payroll software:
Payroll software typically includes features for managing employee information, such as contact details, salary, benefits, tax status, and other employment-related data.
Notifications and Updates
The employee payroll management system keeps reminding you of important notifications like tax payments and salary due dates. You can also set reminders for pending tasks, such as approval of a leave request.
Payroll calendars are easy to manage in different aspects of employee status, like checking on sick leaves, absences, and overtime. Time & attendance management software with payroll helps employees to make plans and decisions on a particular day.
Time and attendance tracking
Many payroll software solutions include time and attendance tracking features that allow employees to clock in and out, track hours worked, and monitor leave and vacation time.
Payroll software automates calculating employee salaries, bonuses, and deductions, processing payments, and generating pay stubs.
Payroll software ensures compliance with tax laws and regulations by automatically calculating and withholding payroll taxes, generating tax forms, and keeping track of changes in tax laws.
Direct deposit and check to print
Payroll software typically includes features for processing payments, such as direct deposit or check printing.
Many payroll software solutions include self-service portals, allowing employees to access their pay stubs, update personal information, and request time off.
This salary slip module helps you generate payslips so your employees and company can keep the payment records.
Automates Data Management
Automating the data management software in this payroll management solution helps speed up your work process and saves time. Besides, it eliminates the chance of human-made error and ensures accuracy.
Most advanced solutions have a tax computation module that helps you accurately file your tax on time. It complies with all updated government regulations and helps avoid hefty fines for miscalculations or failing to file taxes.
Integration with other systems
Payroll software may integrate with other systems, such as time and attendance, accounting, or HR software, to streamline processes and avoid duplicate data entry.
Enterprise payroll software for small businesses can completely transform your organization's functions. It is a roadmap for automated payroll processes and brings about a high level of work efficiency by reducing administrative procedures to a large extent.
When investing in a new payroll solution, carefully weigh your organization's needs and budget. You must look at the complete package holistically and check whether it will fulfill all your obligations.
Does the service provider have the specific features you are looking for?
Do payroll services provide good support features?
Can you customize the payroll solutions according to your specific business requirements?
You may have to answer these vital questions before picking out the best payroll software for small businesses. Let's study these factors in detail.
Businesses are looking for affordable solutions. The cost is the foremost priority when deciding on an automated payroll system. Check for hidden fees that might be overlooked during the initial service cost comparison. Read the brochure and fully understand what features should be included and what not in the final price.
Ask even the silliest question that comes to your mind so you aren't surprised when you receive the bill. Make sure what is included in the payroll and what is not. If you plan to hire more employees, ask about the approximate cost per additional worker.
Here are some features that should be considered when choosing an automated payroll system.
- Payment Type: How do you want to pay your employees? Direct deposits, paychecks, or payroll cards? You want your payroll system software to support how you pay your employees.
- Pay Period: When do you want to pay your employees? Every week, bi-weekly, or at the end of every month? Choose software that lets you pay your employee whenever you want.
- Supplement wages: If you pay your employees bonuses, commissions, or tips, you need a service provider that can support supplement wages.
- Time and attendance: Time and Attendance help track the number of hours your employees work. You can have your employees enter the hours online or enter them yourself.
HR payroll software offers firm support and makes you feel more comfortable running your payroll. Some companies help you set up your automated payroll system. If support is the priority, compare the software's support level.
Some providers offer a free trial to know the software's ins and outs. A free trial will help you know precisely what you are purchasing. Therefore, check if the HR payroll software you are considering offers you a free trial. It helps you have a hands-on approach and temporarily runs your payroll at no additional cost.
Don't get strapped into a year-long contract. And if you have to ensure that the software you are considering meets all your needs. You might have to pay a fee to drop out early. Contracts are made to get stuck to the software; if you want to exit, you must pay a dropout fee.
Going with payroll apps without contracts is better than turning them down without fees. Every option has pros and cons; consider your business needs before making the final call. If you comprehensively go through this checklist, you can invest in the most suitable provider for your small business.
Payroll software is an essential tool for businesses of all sizes, helping to streamline the complex process of calculating and managing employee compensation and benefits. With so many payroll software solutions on the market, it can be challenging to determine which is right for your business. To help you make an informed decision, here are the top five payroll software solutions:
|INR 6999/ Month|
|Yes||INR 2495/ Month|
|INR 46,500/ Month|
|INR 999/ Month|
Keka software is one of the best payroll software in India, an all-in-one hr payroll service, that enables you to automate your payroll process and achieve complete efficiency. It can do everything from accurately calculating your employees’ salaries to disbursing them directly to their accounts. Moreover, it considers leaving, bonuses, and other pay compensation factors while calculating an individual’s pay. Global brands like Oyo, Aditya Birla, and UpGrad use Keka to manage their payroll management software process.
- Expense management loans And bonuses
- Leave attendance management
- Attendance management
- GPS Attendance
- Dedicated mobile apps
- Excellent customer service
- User-friendly dashboard
- Easy leave and absence tracking
- A bit complicated to use
- The features can be more advanced
- Foundation: 6,999/month (up to 100 employees) +60/month per additional employee
- Strength: 9,999/month (up to 100 employees) +90/month per additional employee
- Growth: 13,999/month (up to 100 employees) +130/month per additional employee
2. Pocket HRMS
Pocket HRMS is a cloud-based payroll software that comes well-equipped with payroll solutions. It offers payroll solutions tailored to industry needs, including manufacturing, construction, real estate, schools, BSFI, etc.
HR personnel can easily prepare and file tax returns using online payroll software. It can generate necessary tax forms like eTDS Form 24Q. The best thing is that after accurately calculating employees’ salaries, you can automate disbursing the amount to their accounts directly.
- Self-service portal
- Expense management
- Statutory compliance
- Attendance and time tracking
- Employee benefit management
- Convenient and reliable
- Auto-generated payslips
- Use friendly with seamless accessibility
- Intuitive interface
- Lack of search box
- Not suitable for enterprise businesses
- Standard: Starting at 2495 /month(for 50 employees)
- Professional: Starting at 3995 /month(for 50 employees)
- Premium: Call for pricing
Saral PayPack is a simple yet powerful payroll system software designed to meet every aspect of payroll processing. From tracking attendance punch to payslip generation, it is well-equipped with tools to perform every functionality. Payroll management software can be deployed on-premise and on the cloud to enable you to access the system on the go. Moreover, the system ensures that your business complies with all laws and regulations, such as PF, TDS, PT, ESI, etc.
- Leave management
- Exit management
- Reporting and analysis
- Reimbursement management
- Employee self-service
- Simple and easy to use
- Advanced features
- Advanced Reporting
- Customer service can be improved
- Pricing is on the higher spectrum
- Standard: 46,500/single user 70,800 for Multi-user
- Corporate: 100,500/single user 123,000 for Multi-user
- Premium: On request
247HRM Software offers a complete HR-related solution - from payroll and taxes to performance management. With its interactive dashboard, you can easily keep track of every activity and interaction with visual charts. The employee self-service portal accelerates basic HR processes, such as task management, scheduling, and leave requests. There is also a help desk where employees can communicate directly with HR if they have any queries.
- Custom workflows
- Performance appraisal
- Skill management
- Statutory compliance and income tax
- Payroll and expense report
- Reliable customer support
- Generation of reports in real-time
- User-friendly interface
- Customized reporting
- UI needs improvement
- Features are very basic
- 247HRM Seed: 1999/Monthly
- 247HRM Shot: 2999/Monthly
- 247HRM Sapling: 3999/Monthly
- 247HRM Tree: 4999/Monthly
5. Zoho Payroll
Zoho Payroll is a leading online payroll software streamlining payroll management. It acts as a centralized database for all your employees’ information and records and allows you to schedule payroll processing. Zoho payroll software is well-known for its high accuracy and ability to file returns.
Zoho Payroll ensures that your company complies with all applicable laws and regulations in India. Companies like Indiefolio, Tartlabs, Webcasts, and more trust Zoho Payroll for their payroll activities.
- Supports diverse salary structures
- User and access control
- Salary and payslip templates
- Loan management
- Secure employee portal
- Password-protected files
- Fast and straightforward to use
- Affordable pricing
- User-friendly interface
- The application does not allow easy navigation
- Limited features
- Free plan
- Premium plan: 50/employee/month billed annually
There are many challenges to using payroll software. Some common challenges that users may face while using payroll software are:
Payroll software can be complex and require time to learn and become proficient.
Users may need to invest time in training, reading documentation, and exploring the software to understand its full potential.
Payroll software can sometimes have technical issues, such as bugs, system crashes, or compatibility problems with other software. These issues can disrupt the payroll process and cause delays or errors.
Payroll data is highly sensitive and confidential, and users must ensure that the software they use is secure and compliant with data privacy regulations. Any security breach can result in a loss of trust and legal and financial implications.
Depending on the software, some users may find that the software does not meet all their specific payroll needs or does not allow for customization. This can result in workarounds or additional manual work.
Integration with other systems
Payroll software may need to integrate with other systems, such as HR or accounting. Integration can be challenging, and users may face compatibility issues, data inconsistencies, or synchronization problems.
Payroll software can be expensive, and users may need to balance the cost of the software against the benefits and savings it can provide. Some users may find the cost prohibitive and need to look for alternatives.
The payroll software market is evolving to meet the changing needs of companies and employees. These trends will likely shape the industry in the coming years.
Cloud-based payroll solutions
One of the biggest trends in payroll software is the shift toward cloud-based solutions. These solutions offer greater flexibility, accessibility, and scalability than on-premise systems, allowing companies to manage payroll data securely and from anywhere.
As more employees work remotely or from mobile devices, payroll software vendors are developing mobile-friendly solutions that enable employees to access their pay stubs, benefits information, and other payroll-related data from their mobile devices.
Artificial Intelligence and Automation
Payroll software providers integrate artificial intelligence (AI) and automation features into their products to streamline processes, reduce errors, and improve efficiency. AI-powered payroll solutions can automate tax calculations, wage deductions, and compliance reporting, freeing HR and payroll staff to focus on more strategic tasks.
Integration with other HR software
Another trend in payroll software is integration with other HR software, such as time and attendance tracking, benefits administration, and performance management systems. By integrating these systems, companies can streamline their HR processes and ensure that all employee data is accurate and up-to-date.
Increased focus on compliance
With ever-changing regulations and tax laws, compliance is a top priority for payroll software vendors. They are developing solutions that help companies stay up-to-date with regulations and ensure their payroll processes comply with local and federal laws.
Payroll software is critical for any business to efficiently manage employee compensation and benefits. Payroll software can automate complex calculations and streamline administrative tasks, helping to reduce errors, save time, and improve compliance with regulations.
Whether your business is large or small, many payroll software solutions can meet your specific needs, from basic payroll processing to more advanced HR tools. By investing in the right payroll software, businesses can focus on their core operations and free up valuable time and resources for other important tasks.
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Compare Pricing Plans of Top Payroll Software Providers
FAQs of Payroll Software
The average cost of payroll software is around $10 to $30 per employee per month.
Small Businesses are everywhere, and the competition is higher than ever due to start-ups emerging daily. One way to retain your position in the market is to hire and retain the most talented employees. And to do that, you need to pay attention to every small detail that keeps your employees satisfied.Small businesses need payroll due to the following reason:
- No Technical Expertise is Needed
- Saves a Lot of Time:
- Customizable Enough to Fit Small Business Needs
Payroll Software in following countries
Payroll Software in following cities
Payroll Software in following industries
- Auto Dealership
- Banking & Mortgage
- Food & Beverage
- Government Agencies
- Government Contractors
- Maintenance & Field Service
- Media & Newspaper
- Oil & Gas
- Real Estate
- Hotel & Restaurant
- Talent Management