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Processing payroll is one of the most time-consuming and complicated tasks for any business organization. It usually includes anything from withholding taxes and deciding on employee salaries, to revising sick pay and employee benefits. Because of the complexity of the entire process, more and more businesses, especially startups and smaller ones are depending on online payroll services to take on their burden.
If you are stuck with time-consuming, laborious payroll functions that hold you back from concentrating on your core business, using a payroll service will give you the freedom to focus on what matters most for your business. It will also give you more time to develop and manage your business.
Getting started with outsourcing your company’s payroll is an absolute no-brainer. You can easily find the online payroll service that best suits your business by simply browsing the internet. However, if you are looking for expert advice on the different payroll service options available to you, you can benefit from the following comparison of two of the most widely used online payroll services – SurePayroll and Paychex.
Overview
SurePayroll
Established in the year 2000, SurePayroll is an online payroll services company that extends its accurate and convenient services to small businesses, at a price that they can afford. The solutions that this service offers for managing employee screening, 401 (k) plans, workers’ compensation, health insurance, and other such functions are highly adept.
One of the major benefits of this service is the One-Click Payroll management system it has developed in its software. This system is known to make your payroll process a lot easier. And if you will be paying your workers the same wages every single pay period, the One-Click Payroll system enables you to run payroll within a matter of seconds. All it needs is a single click, and your employees will be paid through direct deposit. Howbeit, if there will be changes to your payroll for different pay periods, the software also gives you the option to turn off the One-Click Payroll system.
SurePayroll also performs withholdings and deductions automatically, once you simply enter the hours and pay of your employees. Also, unlike many other similar services, this online payroll service calculates, files, and pays local, state, and federal payroll taxes on your behalf, and guarantees satisfaction on the same.
For more information on SurePayroll, visit DiscoverCloud’s Knowledge Base here.
Paychex
Established way back in the year 1971, Paychex is one of the leading companies in the human resource, benefits, and payroll outsourcing sector. The company offers a wide range of services, including payroll and taxes, employee benefits, human resources, and accounting & finance, to businesses of all sizes.
The easy-to-use and powerful payroll platform, called Paychex Flex, offered by Paychex enables you to perform more efficiently. In addition, the service also provides personalized support, ranging from 24×7 support center, to emails or calls to your loyal payroll specialist.
By using this service, you can also provide access to employees of your choice and enable them to access specific statements or reports when in need, either online or even on the service’s mobile application. Similar to SurePayroll, Paychex also manages all your payroll tax issues. The service checks, files, and pays all your payroll taxes accurately and on time.
For more information on Paychex, visit DiscoverCloud’s Knowledge Base here.
Benefits
SurePayroll
- Easy and rapid payroll processing.
- Highly secure, as all your information is encrypted (256-bit SSL encryption) in its databases.
- Complete tax management services.
- Easily affordable even for small businesses, as the service calculates pricing based on frequency of payroll and number of employees.
- Offers a wide array of customer service options.
Paychex
- Easy to use and reduces your overall payroll processing time considerably.
- Specializes in payroll administration and employee benefits.
- Enables you to stay on top of the constantly changing payroll laws and regulations, and ensures compliance in all aspects.
- Offer online and on-site assistance.
- Excellent customer support.
Head-to-Head Matchup
|
SurePayroll | Paychex |
Types of Businesses Served |
Small businesses | Small, medium-sized and large businesses |
Availability | Online |
Online On-site |
Payroll Features Offered | Direct deposit1099 form processing
Payroll report General ledger Paper check New hire reporting Payroll tax filing W-2 form processing Payroll tax payment |
Direct deposit 1099 form processing Payroll report General ledger Paper check New hire reporting Payroll tax filing W-2 form processing Payroll tax payment Payroll debit card Garnishment |
Employee Benefits Administration |
FSA 401k Medical insurance HRA Premium only plan |
FSA 401k Medical insurance SIMPLE IRA Premium only plan |
HR Management |
Recruitment Employee screening Workers’ compensation |
Recruitment Employee screening Workers’ compensation COBRA compliance Off-boarding Employee handbook OSHA compliance Talent management State unemployment insurance |
Attendance & Time | Online timesheet |
Online timesheet Biometric Time clock hardware |
Conclusion
As it is evident from the head-to-head matchup table, Paychex offers more useful features when compared to SurePayroll. It is an outstanding option for outsourcing your payroll tasks. Paychex has the ability to guide you in all your payroll tasks without regard to the size of your business. On the other hand, if you own a startup or a small business and looking for an affordable solution for your payroll processing needs, then SurePayroll will
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