Features:  

Paychex’ comprehensive payroll calculating and reporting system automatically applies user defined formulas for accrual and usage of paid time off as well as voluntary programs like Flexible Spending Accounts, insurance premiums and retirement plan contributions.

Complete payroll reports are available online within about two hours of processing a payroll. The reports can also be made available to accountants, bookkeepers or financial advisors at the client’s option.

Pay Options:  

Paychex will make direct deposit of net pay directly to employees’ bank accounts or print checks which are delivered to the employee as a complete package each payday. In addition to checks, the package includes employee earnings statements, payroll journals, a notice of cash needed to cover payroll expenses and tax liabilities as well as notification of tax liabilities and deposit requirements.

Tax Compliance Features:  

Complying with the myriad payroll tax requirements is fully automated by Paychex. Quarterly filings are processed automatically and periodic deposits are made without intervention by the client.

Help & Support:  

Though interface with Paychex payroll system is simple and intuitive, they offer customer support by payroll experts by both telephone and email. They also offer helpful online demonstrations and seminars.

Software Integration:  

The Paychex General Ledger Reporting service allows for posting of payroll information directly to popular accounting software including QuickBooks. For other programs, they provide a generic import file that can be used as is or customized as needed.

Paychex offers comprehensive online payroll service but also offers alternative services for businesses that may have more complex payroll management needs. Their versatile Preview software is a viable option for businesses who wish to manage payroll in house. For comparison with other top ranked services, we invite your attention to our reviews of Intuit Online Payroll, SurePayroll and ProPayroll.