Whether you’re hiring your first employee and getting payroll set up for the first time, or you need a payroll solution to keep up with your business’ growing needs, choosing the right provider for you is of the utmost importance.
Both QuickBooks and Paychex are two of the most popular payroll software options. So here are all the details about features, pricing, and functionalities for each, so you can decide which is a better fit for your business.
Users of QuickBooks Payroll and Paychex as well as experts in the industry have shared their opinions about both providers. Check out what they have to say about each company in these reviews. But keep in mind, neither Paychex or QuickBooks take the top spot when it comes to customer satisfaction.
Depending on the provider you choose, certain features and functionality may come at an additional cost or may not be available at all. Here’s a breakdown of all the features included in QuickBooks Payroll and Paychex, and which ones you may have to pay a little extra for.
Your payroll provider’s software should be backed by a reliable, easy-to-reach team of experts. We break down the level of support you can expect from QuickBooks and Paychex.
|QuickBooks Payroll||Paychex Flex|
|Setup and data migration||Additional fees for customized setup||Additional fees|
|Expert phone support||Additional fees for extended support hours||Included|
|Accuracy guarantee||Included||Not available|
Every business has needs and specific requirements, so it’s important to choose the right provider that can accommodate you. Both QuickBooks and Paychex have a wide range of features that may be of use to you, but here are few things to consider when making your choice.
Full-service payroll: There are some payroll providers out there that are essentially just payroll calculators, but don’t handle employer and employee taxes, new hire reporting, or handle distribution of W-2s and 1099s. So, make sure to look out for a provider that will automate taxes on your behalf, and guarantees accuracy as well.
Specific industries: As mentioned before, every business has unique payroll requirements. They can change depending on industry, company size, location, and more. So, whether you’re a church with parsonage allowances, or a restaurant processing tips, your payroll provider should be able to handle those requirements for you, and ideally at no additional cost.
Integrations: Seamless integrations with other software and apps are also an important feature to look for. When data can flow freely between (for example) payroll, time-tracking and accounting solutions, it can help streamline your operations, save time, and reduce errors.
Reporting capabilities: Getting your payroll reports organized the way you want them to is essential. Depending on the ways you may be working with your accountant or other business partners, flexibility in reporting allows you to analyze expenses and make better business decisions.
When choosing between QuickBooks and Paychex small businesses may see a set of services and functionality, but the price for both can vary, depending on the features you need. And other services offer more flexibility, a better value, and higher ratings and reviews. If you’re still looking for payroll options, try comparing all the top providers in one place:
Or see how Paychex Flex and QuickBooks payroll do versus individual providers: