Managing several payrolls of employees can be quite complex and intimidating for accountants. With payroll accounting software, accountants can easily keep track of the employees’ payrolls effectively. Here are some of the best payroll accounting software available right now.


10+ Best Payroll Accounting Software

1. GreytHR

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Rating: 5/5

Price: FREE

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2. Xero

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Rating: 4.3/5

Price: $12/Month

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3. Quickbooks Payroll

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Rating: 5/5

Price: $12/month

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4. Patriot Software

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Rating: 5/5

Price: $10/Month

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5. Sage Payroll Software

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Rating: 4.1/5

Price: $15000/Year

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6. Gusto

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Rating: 4.8/5

Price: $39/Month

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7. PayWheel

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Rating: 4.9/5

Price: $6.57/Month

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8. Denali Payroll

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Rating: 4/5

Price: $1,999/Year

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9. Online Paystub Generator

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Rating: 4.8/5

Price: Custom

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10. BusinessCore

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Rating: 3.5/5

Price: Custom

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11. SurePayroll

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Rating: 5/5

Price: $19.99/Month

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What Is Payroll Accounting Software?

Payroll accounting software is specialized accounting software and HR software that allows accountants to oversee the payroll process. The payroll software for accountants provides a streamlined platform for accountants and HR employees to oversee the payroll distribution process.

Benefits

Payroll accounting software allows companies to compensate their employees accurately and that is verified by both the HR staff and accountants. The accounting and payroll software also helps HR employees to automate their payroll distribution process and also allows accountants to have accurate bookkeeping data on their finances related to distributing salaries to their employees. The payroll accounting software payroll also provides tools for accountants to calculate their wages, benefits, taxes, and taxes as these are part of the employees’ benefits where their wages are reduced. The software also provides compliance management software tools to help accountants be compliant with their companies’ finances related to payroll and labor.

Benefit

Payroll accounting software should provide calculation tools to allow accountants to verify their employees’ salaries. The software should provide policy management software tools where employees define the wages such as minimum wage and overtime pay. The software should also provide calculation tools for accountants and HR employees to deduct wages for benefits such as taxes, insurance, etc. The accounting payroll software should also allow employees to deposit paychecks to directly manage their employees’ payment data. The software should also provide documents such as payslip summaries. The payroll processing software for accountants should also provide compliance management software tools for companies to comply with regulation laws on wages and salaries.

  • Calculation tools
  • Wage policy management
  • Deduct wages for benefits
  • Deposit paychecks
  • Generate payslips
  • Compliance management tools

FAQ

Does payroll accounting software work with multi-country payroll software?

Yes! Payroll accounting software works well with multi-country payroll software as it provides accounts of multi-national companies to process and distribute payrolls to their global employees effectively.

What other software integrates with payroll accounting software?

Payroll accounting software integrates with HR software, benefits administration software, accounting software, and time and attendance software. This software provides tools and capabilities for accounts to manage employees’ payrolls through accounting.

How much does payroll accounting software cost?

Pricing for payroll accounting software can range from free to $300 per month or more with some software offering custom pricing, which increases its pricing as it offers more features through subscription tiers. Pricing for payroll accounting software varies depending on the features available and the intended users. Small companies may benefit from low-cost payroll accounting software while large companies may benefit from high-cost payroll accounting software.


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