Want to cut right to the case? The Best Payroll Software For Large Companies right now are Rippling and ADP.
As businesses grow larger and their payroll needs become more complex, payroll software becomes an essential component of their daily operations.
Payroll software automates timekeeping and payroll accounting to make the process more efficient and accurate while saving employees and employers time, effort, and money.
This article contains eight of the best payroll software for large companies currently available on the market.
8 Best Payroll Software for Large Companies
| Brand | Starting price | Best for |
|---|---|---|
| 1. Rippling | $8/month | Comprehensive employee management features |
| 2. ADP | Request quote | Large businesses |
| 3. OnPay | $36/month | HR tools |
| 4. Workful | $25/month | Hourly workers |
| 5. Gusto | $39/month | New and experienced payroll administrators |
| 6. Square Payroll | $40/month | Online payroll processing |
| 7. QuickBooks Online | $45/month | Busineses |
| 8. Paychex | $39/month | Cloud-based payroll |
1. Rippling– offers comprehensive employee management features
PRICING: $8/month
Rippling offers highly sought after cloud-based products for payroll. Their staffs are always pleasant and professional, and they are always available when you have questions or concerns. Rippling might be right for you if you operate a business with over 100 employees; give them a try if your previous payroll software couldn’t handle your growth or stopped supporting certain features. It also helps bring all your employee’s system and data together making your work easier.
KEY FEATURES
- 360-degree feedback
- Compliance management
- Customizable fields
- Benefit dashboard
REASONS TO BUY
- Good setup tools
- Customizable
- A large section of integration tools
REASONS TO AVOID
- It might be complex for small businesses
- Limited mobile app access
2. ADP– Typically used by large businesses
PRICING: Depends on the size of your employees
If you’re a mid-sized business with anywhere from 50 to 500 employees, ADP has a product that can work for you. For example, their Elite solution is designed to fit small businesses with 100 employees who need basic pay functions—such as direct deposit and overtime accrual—and HR services. However, some customers may want more robust features like hourly time tracking and more complex accounting procedures. Many have had a positive experience using ADP’s customer service as well.
KEY FEATURES
- Learning management
- Performance appraisals
- Job description management
REASONS TO BUY
- Unmatched partner integration
- Tutorials and training materials
- Employee training and development
REASONS TO AVOID
- Too many features for small business
- Several fees including set up
3. OnPay– Strong payroll and HR tools
PRICING: $36/month
OnPay offers several unique features that make it one of the best payroll software systems for large organizations. It helps managers to create their own organization’s payment schedule. This is especially useful when several employees work in different states, countries, or simply at different time zones. In these cases, you need to be able to oversee your staff and make sure everyone gets paid on time. OnPay manages all these schedules easily so you can focus on growing your business.
KEY FEATURES
- Compliance management
- Benefit management
- Check Printing
REASONS TO BUY
- Self on boarding and self-service portal
- Speedy payroll processing
- Great user experience
REASONS TO AVOID
- The Mobile version is missing some features
4. Workful- The best option for hourly workers
PRICING-$25/month
Workful’s easy on boarding and simple UI design makes everything related to payroll painless. Businesses can choose from one of three tiers based on their needs. For starters, Workful offers an automated timesheet calculator for tracking time spent by employees at Work. It also tracks which team members are working remotely and the ones working outside normal business hours.
KEY FEATURES
- Time tracking
- Tax compliance
- Payroll reporting
- Employee portal
REASONS TO BUY
- Well priced
- Simple user experience
- Great employee records and portal
REASON TO AVOID
- No automated payroll
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5. Gusto- appeals to both new and experienced payroll administrators
PRICING-$39/month
Gusto is an all-in-one human resources platform. It’s a great choice if you have multiple locations, employees who travel and file taxes in multiple states, or vendors you need to manage. Gusto’s biggest selling points are its conveniences: Employees can access pay stubs, file their taxes, and enroll in benefits through Gusto’s platform, meaning less administrative Work for you. Other perks include integrations with Google Drive and other popular productivity apps such as Slack, Box, and Dropbox.
KEY FEATURES
- ACA reporting
- Benefit management outsourcing
- Attendance tracking
- Activity dashboard
REASONS TO BUY
- Unlimited payroll runs
- Good for the value
- The basic report included in all tiers
REASONS TO AVOID
- Payroll runs can be confusing
- Specific supports are available only to concierge subscribers.
6. Square Payroll- An integrated online payroll processing solution
PRICING: $40/month
Payroll processing can be a real pain in any company, especially if you have multiple employees and struggle to come up with fresh, unique ideas that still improve their efficiency. Square’s Payroll app offers smart features such as an employer portal that makes it easy to track deductions and instantly approve or deny requests, making it a cinch to stay on top of your workforce. Their app also simplifies things like calculations (so much easier than doing them manually) while also facilitating direct deposit payments and even tax filing. Whether you manage just one employee or thousands of them, you must choose a system that keeps things streamlined and simple—because there are no shortages of options when it comes to payroll processing apps.
KEY FEATURES
- Data import/export
- Automatic time tracking
- Multi-state payroll
- Integration
REASONS TO BUY
- Good integration with square POS
- Simple team management
- Third-party benefit provider
REASONS TO AVOID
- Expensive
- Square payroll charges a fee per employee which can be expensive for a large team
7. Intuit QuickBooks Online- A complete payroll management platform for businesses
PRICING: $35/month
Intuit QuickBooks is by far one of businesses favorite choices. It’s affordable, doesn’t require many infrastructures, and its automatic syncing feature makes sure your employees don’t go into arrears. Small businesses love it, too! You can even use it for tax preparation, which helps ensure that you won’t get audited twice. Intuit offers a powerful business solution at an unbeatable price with unlimited employee counts and tons of third-party integrations.
KEY FEATURES
- Great feedback feature
- Multicurrency
- Receipt management
REASON TO BUY
- Easy to set up an intuitive interface
- Seamless integration with other quick books software
- Smooth payroll process
REASON TO AVOID
- The time track feature is not included in the lowest tier.
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8. Paychex Flex- Cloud-based payroll management system
PRICING: $39/month
Paychex has been in business for years, and it is one of the largest human resource and payroll services providers. It offers clients a full suite of HR and payroll management services, from setting up benefit plans to preparing state and federal tax returns. It has more than 80,000 customers nationwide, including small businesses and Fortune 500 corporations. The company provides timekeeping, job costing, and other support that helps clients comply with regulations such as COBRA administration or ACA eligibility requirements.
KEY FEATURES
- Background screening
- Time off management
- Customizable report
REASONS TO BUY
- Offers 24/7 tech support
- Easy to use
- Self-service portal
- Mobile apps
REASONS TO AVOID
- The retirement portal offers little information
Sources:
- https://www.investopedia.com/best-payroll-software-5088638#toc-easiest-to-set-up-quickbooks-payroll
- https://www.pcmag.com/picks/the-best-online-payroll-software
- https://www.getapp.com/hr-employee-management-software/a/square-payroll/