So, you are considering Paychex.
You’ll be wondering if it's a good choice for you if its feature set compares well to other options on the market and if it is priced affordably enough for what you get.
This article will break all that down for you and more.
Plus, at the end of the article, you’ll find links to alternatives to Paychex as well as our top picks for the options in this category.
Or, just go straight to Our top picks for Best Payroll Software.
Without further ado, let’s get started.
Paychex simplifies your payroll and HR. So you have more time to focus on business growth. It is an integrated suite of services that manages payroll, reporting and employee data. Paychex is not just for managers and business owners; your employees can also access their pay stubs or put up a holiday request from the self-service portal.
Here are some exclusive features of Paychex:
Automation and ERTC: Paychex offers employee retention tax credit, helping business owners determine eligibility for tax returns and retroactively claim the credit. Additionally, Paychex automates payroll processing. So your employees get paid automatically once the monthly billing cycle arrives.
Paychex Flex: Paychex Flex is a mobile app from Paychex to help business owners automate payrolls and integrate employee data with the HR department. With Paychex Flex, you can simplify payroll administration and set scheduled payments. Additionally, you can set achievable objectives for your employees and award incentives or bonuses based on them.
Time & Attendance: With Paychex, you can accurately track employees' billable hours, whether they're working onsite or from home. Paychex ensures your payrolls are automatically in sync with the timesheets and attendance reports. Moreover, it automatically updates managers regarding time off requests.
Hiring Services: Paychex helps you find the right employee for your organization by showing the best-fit candidates and uncovering important information about potential employees. Additionally, it reduces the onboarding time by offering your new hires a self-service portal.
Digital Marketing and HR Services: Paychex offers an integrated data-driven lifecycle marketing platform that helps small businesses grow through personalized engagement. Additionally, it's also a total HR solution that helps you comply with state and federal regulations plus makes you aware of potential HR issues.
Paychex offers an On-demand pricing quote for its all-in-one payroll management system. Click on "Request Pricing" and input the company info to get started with a free quote.
Paychex Discount and Coupons
Paychex does not offer any discounts or coupons for its subscription plans.
Paychex Free Trial
Paychex does not offer a free trial for its payroll management platform.
Paychex, A short how-to guide
Once you login to your Paychex account, you'll enter the company dashboard. Here, you can view your current and last payroll, including the total cash required. Click on "Analytics and Reports" to do insightful reporting inside Paychex.
Click on "Payroll" to customize your existing payroll, see the latest changes in wage structure or run a new payroll. Go to "People" to enter the address database inside Paychex.
Click on "Time and Attendance" to view employee timesheets and attendance reports for accurate evaluation. Go to "Human Resources" to manage employees, exits and new recruits.
Click on "Benefits Administration" to view the health packages and retirement plans opted by your employees.