8+ Direct Deposit Payroll Software

1. PenSoft

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Rating: 4.9/5

Price: $249/Year

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2. Halfpricesoft

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Rating: 4.7/5

Price: $89/Year

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3. Paycor

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Rating: 4.6/5

Price: $99/Month

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4. Intuit QuickBooks

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Rating: 4.7/5

Price: $15/Month

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5. ADP

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Rating: 5/5

Price: Custom

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6. Patriot Payroll

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Rating: 5/5

Price: $10/Month

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7. Rippling

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Rating: 5/5

Price: $8/Month

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8. Zoho Payroll

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Rating: 4.8/5

Price: Free

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9. Gusto

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Rating: 4.7/5

Price: $39/month

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What Is Direct Deposit Payroll Software?

Direct deposit payroll software is an HR payroll software where they can directly send their payroll salary to employees to their bank accounts in a quick manner. This same-day direct deposit software allows HR to manage their payroll system to enable them to compensate their employees with their salary promptly.

Benefits

Direct deposit payroll software enables HR to distribute their pay to their employees with their salaries much quickly that it’s almost reflected immediately or a few minutes or hours. This kind of set-up allows employees to get their salaries quickly that can help them spend for necessary payments such as healthcare and taxes without facing trouble as a result of late or delayed salary compensation. The payroll direct deposit software also comes with other benefits found in other payroll software which contains tools to help HR to calculate their salaries accurately based on their employees’ performance and working hours. The online payroll pricing software also provides HR with compliance management software tools that help their companies comply with regulation laws related to salary compensation as well as obligatory tax and government deductions. The desktop payroll software also helps HR to accurately compensate their employees with an accurate bookkeeping system within the software.

Features

The direct deposit payroll software should be able to allow HR to distribute payroll salaries to their employees fast, ranging from a few minutes or a few hours. Sometimes, the payroll is immediately reflected or the next day. The software also comes with other features and tools seen in other payroll software such as tools to calculate salaries of employees. The next day direct deposit software should also be integrated with employees’ bank accounts for HR to distribute payroll salaries in their accounts. The software should also be able to generate pay slips that detail the overall salaries in consideration of the employees’ working hours and government deductibles. The software should also have compliance management tools that enable companies to comply with regulation laws regarding workforce and salaries.

  • Distribute payroll which is reflected immediately or the next day
  • Calculate salaries
  • Distribute payroll to employees’ bank accounts
  • Compliance management tools

Top 9 Direct Deposit Payroll Software

1. Zoho Payroll

Zoho Payroll provides direct deposit payrolls software that is crafted for a productive workplace that is easy to keep up.

2. Gusto

Gusto helps small and medium businesses with their payroll software that helps companis continue to operate.

3. PenSoft

PenSoft provides payroll direct deposit software to companies that are easy to use and affordable to avail.

4. Halfpricesoft

Halfpricesoft provides a payroll software suite where users can redeem a design software that serves different purposes.

5. Paycor

Paycor’s HR software is accessible to everyone as its personality aims to be more humanizing on the payroll process works.

6. Intuit QuickBooks

Intuit QuickBooks empowers small businesses with accounting software that is accessible to use on smartphones.

7. ADP

ADP simplifies the way companies execute their payroll with its HR software that helps widen the perspective of employees.

8. Patriot Payroll

Patriot Payroll provides an online payroll software that helps users and saves money without enduring the complicated process of payroll.

9. Rippling

Rippling combines the best of HR and IT software that helps companies automate their payroll process effectively.

FAQs

What makes direct deposit payroll software different from typical payroll software?

Direct deposit payroll software has the added benefit of distributing payroll almost instantly that is reflected on employees’ bank accounts, while other generalized payroll software may take minutes or hours for payroll to be reflected. Additionally, direct deposit payroll software integrates with digital banking software better.

What is other payroll software that HR can use in conjunction with direct deposit payroll software?

HR can use global payroll software in conjunction with direct deposit payroll software as it can help them to distribute payroll to their global employees effectively with extensive tools that connect to the country’s respective banks without issue.

How much does direct deposit payroll software cost?

Pricing for direct deposit payroll software can range from free to $249 per year or more, with some software providing custom pricing. Pricing for direct deposit payroll software varies depending on the features available and the intended target companies. Small companies may benefit from privileged direct deposit payroll software while large companies may benefit from high-cost software.


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