The payroll software market is becoming an increasingly competitive industry and with a multitude of providers to choose from, the task of selecting one for your clients can be daunting. In this blog post we’ve put together a list of our top 5 payroll providers to aid you in your decision.
Wagepoint provides payroll automation software with a focus on small business owners. This Canada based firm is fast becoming one to watch because of its emphasis on ease of use and compliance (particularly as regards CRA/Revenue Quebec). Wagepoint prides itself on its easy setup, ability to carry out direct deposit payments to employees and its online paystubs feature meaning you can invite employees to access their paystubs online at any time. Wagepoint’s pricing structure is reasonable and starts with a $20 base fee per payroll with an additional $2 per employee. This software is available across North America and it’s worth mentioning that it also integrates with QuickBooks Online, automatically syncing both accounts to avoid manual payroll transaction entries.
TeamPay by ADP is a streamlined approach to payroll and the aim of this platform was always to reduce time spent on administrative, payroll tasks. This cloud-based software is easy to set up, secure and one of our favorite features is its ability to project future costs with its Payroll Preview feature. Similar to Wagepoint it carries out all necessary functions including direct deposit payments to employees and online pay statements and tax forms. You can sign up before 31st December for a two month free trial so you can see for yourself if TeamPay is the best fit for your clients.
QuickBooks Online Payroll
QuickBooks Online Payroll is a payroll solution which promises to allow you to “Pay your employees online in 3 easy steps”. If you are already a QuickBooks Online user this might be the best solution for your clients because using this payroll feature should reduce the need for double data entry. QuickBooks Online Payroll includes standard features such as direct deposit payments and extensive reporting options. Interestingly, its pricing plan is not on a per-payroll basis, but rather a monthly fee with an additional $2/employee per month starting at $27. We recommend QuickBooks Online Payroll to bookkeepers and accountants who use QuickBooks Online and wish to stay within the QBO ecosystem.
Payworks is a well-established member of the payroll management industry and its cloud based payroll software solution focuses heavily on compliance and data retention. Its software allows you to automate both federal and provincial tax filing and Payworks submits government remittances directly to the CRA on your behalf. Again, Payworks has extensive reporting and analytics capabilities and provides users with multiple payment options for employees. Payworks can provide you with a price quote for their payroll software solution by filling out their “Quick Quote” form online.
Rise (formerly Paysavvy) is an efficient online payment solution. Rise places a lot of emphasis on the platform’s ease of use and the application’s design was certainly planned with usability and security in mind. Its payroll processing is instantaneous and Rise sends digital pay stubs to employees through encrypted PDFs via email. Rise pricing is available on a by quote basis and you can request a quote here. We like Rise because its customer support is excellent and provides users with live support and training. Rise also integrates with a host of business systems including QuickBooks and Sage.