Are you looking for a payroll company to help you process payroll? This short article will help you understand the different payroll company types, and will also tell you how to find them more quickly than just browsing around the internet.
So, what kind of payroll company is right for you? There are two main types:
Payroll Software Company
This company develops payroll software which is purchased and installed on your computers. Some payroll software companies sell at retail stores, and some sell through partners or accountants. The software can be installed on one or more computers and all of the payroll data is then housed internally. The benefit of using software from a payroll software company is you have more control of the process. Depending on the size of your business and the depth of your payroll needs, it might also be more economical.
Payroll Service Company
A payroll service company provides the service of processing payroll for you, and can also take care of the payroll tax filing. You will still need to input such things as hours worked and maintain employee information. Instead of purchasing and installing software, the software is typically accessed online. Accessing the software online does save you from having to maintain the software with updates. The benefit of using a payroll service is the burden of tax filing is on their shoulders instead of your own.
It is nearly impossible to do a thorough job of researching to find a payroll company by merely searching online for ‘payroll company’. You won’t find a comprehensive list of payroll companies on the first page of Google. You need a better way to find the best payroll company. There are a few good directories available, and here are a couple of them.
- Capterra.com allows you to choose in detail, which payroll features you will need. Look within the accounting software category, as this is where payroll is typically found.
- FindAccountingSoftware.com also allows you to choose the details of the type of system you are looking for by choosing necessary features.
Both of the above Web sites also offer the possibility of calling them to speak with a consultant, tell them what you are looking for, and then receive calls from the vendors that fit for your search. This is free for you as a software purchaser.