Paychex
A detailed review of Paychex's payroll software with pricing, comparisons to competitors, key information, and FAQs.
Updated on May 21st, 2024
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Paychex provides HR and payroll solutions. The platform offers a variety of plans to suit different business needs, from self-employed individuals to businesses with more than 1,000 employees. Notable features include new hire reporting, employee self-service, and payroll tax administration.
Also Consider
Gusto Payroll Software
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At-a-Glance:
Feature | Paychex |
---|---|
Price | From $39.00 /mo. +$5.00 /employee /mo. |
Automated tax payments and filings | ✓ |
Garnishments and deductions | ✓ |
Direct deposits | ✓ |
Workers’ compensation insurance | ✓ |
Employee self-service portal | ✓ |
New hire reporting | ✓ |
Mobile app | ✓ |
Customer support | Phone and live chat. |
Review:
In addition to providing payroll solutions, Paychex also offers comprehensive HR solutions, which include the PEO service formerly known as Oasis, which was acquired in 2018. Paychex has a standard set of payroll features as well as workers' compensation, built-in timesheets, integrated pre-tax benefits, reimbursements, and a variety of integrations.
While the platform is a valuable resource for users in search of comprehensive payroll services, it is costlier than some alternatives, such as Patriot Software. Users also need to pay additional fees for W-2s and 1009 tax forms.
Pros:
- Paychex's solutions include payroll, HR, employee benefits, business insurance, and time and attendance solutions.
- The platform offers a variety of plans to suit businesses of different sizes.
- All payroll packages include direct deposits, new hire reporting, employee self-service, and payroll tax administration.
- The Paychex Flex Pro plan includes employee screening tools and integrations with QuickBooks Online, Sage Intacct, and Xero.
- The website is available in English and Spanish.
- Other tools include custom analytics, cashflow assistance, and an HR library.
- Customers have access to 24/7 support.
Cons:
- The Paychex Flex Essentials and Select plans don't include accounting software integrations.
- W-2s and 1099 tax forms cost extra.
- Compared to several competitors, the platform is costly.
Reputation:
Paychex is accredited by the Better Business Bureau and has an A+ rating on the platform. On TrustRadius, Paychex has a 6.6-star rating based on more than 550 reviews. Several users described the software as user-friendly and praised its customer service.
On G2, the platform has a 4.2-star rating based on more than 1,500 reviews. While the majority of reviews are positive, some users reported negative customer service experiences and general dissatisfaction with the software's capabilities.
Pricing:
Plan | Monthly Pricing |
---|---|
Paychex Flex Essentials | $39.00 +$5.00 /employee. |
Paychex Flex Select | Contact for quote. |
Paychex Flex Pro | Contact for quote. |
Paychex vs. ADP Workforce Now:
Paychex and ADP Workforce Now both offer a variety of packages to suit different business needs, including a standalone payroll plan as well as more comprehensive options that include enhanced HR tools. Both services' payroll offerings include an employee self-service portal, tax administration, and reporting tools.
Comparison Between Paychex and ADP Workforce Now:
Feature | Paychex | ADP Workforce Now |
---|---|---|
Price | $39.00 /mo. +$5.00 /employee /mo. | Contact for quote. |
Payroll tax administration | ✓ | ✓ |
Direct deposits | ✓ | ✓ |
Employee self-service portal | ✓ | ✓ |
Lifetime accounts | x | x |
Customer support | Phone and live chat. | Phone and online. |
Paychex vs. Gusto:
While Paychex and Gusto have a similar starting price for their basic payroll offering, Gusto offers a more robust feature profile. Unlike the Paychex Flex Essentials plan, Gusto's Simple plan includes features for managing unemployment insurance processes as well as accounting integrations.
Comparison Between Paychex and Gusto:
Feature | Paychex | Gusto |
---|---|---|
Price | $39.00 /mo. +$5.00 /employee /mo. | $40.00 /mo +$6.00 /employee /mo. |
Payroll tax administration | ✓ | ✓ |
Employee self-service portal | ✓ | ✓ |
Lifetime accounts | x | ✓ |
Mobile app | ✓ | ✓ |
Customer support | Phone and live chat. | Phone, email, and live chat. |
Paychex vs. QuickBooks Payroll:
QuickBooks Payroll is costlier than Paychex, starting at $45.00 per month +$5.00 per employee per month, but may be more convenient for businesses that already use other QuickBooks products. Unlike Paychex, QuickBooks Payroll's elite plan includes tax penalty protection.
Comparison Between Paychex and QuickBooks Payroll:
Feature | Paychex | QuickBooks Payroll |
---|---|---|
Starting price | $39.00 /mo +$5.00 /employee /mo. | $45.00 /mo. +$5.00 /employee /mo. |
Payroll tax administration | ✓ | ✓ |
Direct deposits | ✓ | ✓ |
Employee self-service portal | ✓ | ✓ |
Lifetime accounts | x | x |
Customer support | Phone and live chat. | Phone and email. |
Key Information:
Legal Name | Paychex, Inc. |
Founder | |
Founding Date | Oct 01, 1971 |
Address | 911 Panorama Trl., South Rochester, NY 14625 |
Number of Employees | 16000 |
Number of Customers | 740000 |
Telephone | |
Website |
News & Activity:
Date | News or Activity |
---|---|
April 26, 2024 | Computer Science Students Collaborate with Paychex on Database Matching Project |
April 09, 2024 | Paychex Recognized for Excellence in Health & Well-being by Business Group on Health |
FAQs:
What is Paychex?
Paychex is an HR and payroll platform for small and medium-sized businesses.
How much does it cost to use Paychex?
Paychex's pricing starts at $39.00 per month plus $5.00 per employee per month for the basic payroll plan.
What features does Paychex offer?
- Payroll services.
- Time and attendance.
- HR services.
- Business insurance.
- Employee benefits.
What payroll payment methods does Paychex use?
- Direct deposit.
- Pay cards.
- Paper checks.
Is there a Paychex free trial?
No, Paychex does not offer a free trial.