Paychex Review

Paychex is a leading payroll processor that works with all types of companies, from small, family-owned businesses to major multinational corporations. It offers a series of packaged plans along with enhanced user accessibility features that make it easy to use Paychex on both mobile and desktop devices.

Paychex traces its history to 1971, when founder B. Thomas Golisano established the company with just $3,000 in startup capital. Golisano envisioned Paychex as an easy solution for businesses looking to outsource their payroll processing needs. As a result of his guidance, the company went on to enormous success. Today, Paychex is one of the largest payroll processors in the United States.

Right now, the company even has an enticing special offer for new customers: sign up and get three months free! Before you take advantage of that deal, familiarize yourself with Paychex. To this end, let’s take a closer look at the company.

Pros and Cons of Paychex

Pros: 

Cons:

What Does Paychex Offer?

In order to meet the needs of different companies, Paychex offers four main packages. Each one comes with different features and is designed for businesses of particular sizes.

For payroll tax features, we want to note that all Paychex plans offer support features that help clients prepare and submit claims for state and federal payroll tax benefits. Paychex can also help you determine eligibility if you’re not sure whether or not you qualify for tax savings.

As an alternative to direct deposit, all Paychex plans also include the option to use paycards. This additional payment option works much like a debit card. So, Paychex gives you this option if any of your employees would prefer a paycard to direct deposit.

Additionally, all plans come with a core set of essential features that give employees access to personal information via an online portal, as well as accounting software integration, historical reporting tools, and secure multi-step authentication.

Paychex Express Payroll

First, the Paychex Express Payroll option offers basic functionality to companies with small budgets. In addition to employee pay processing and direct deposit payment services, Express Payroll clients receive:

Paychex Flex Select

Paychex Flex Select is the next tier up from the basic level. In addition to all the above services, this plan provides:

This solution is designed to meet the needs of small and growing businesses.

Paychex Pro Flex

Paychex Pro Flex is the next rung up the ladder. This option, meant for medium-sized and growing enterprises, builds on the Paychex Flex Select service plan by adding:

Paychex Flex Enterprise

Finally, the comprehensive Paychex Flex Enterprise caters to large companies. This all-inclusive solution adds the following features:

Pricing

Paychex uses a size-based pricing model, which requires prospective customers to request a custom quote. The quote is free and comes with no obligation. In order to get your custom quote, Paychex asks you to provide your:

Because Paychex does not disclose its rates before you enter your information, we can’t generalize about the pricing. However, Paychex quickly returns quotes, so it doesn’t take long to learn your price.

The Bottom Line

Paychex is a good option for companies looking to streamline the payroll process. Since it offers plans for both growing businesses and established companies, Paychex can meet the needs of a variety of customers. This flexibility is especially valuable for businesses with scalable needs.

So, thanks to its wide variety of plans, industry-leading security, and 24/7 customer support, Paychex has a lot to like. Given these points, Paychex is worth considering as you look into the best payroll software.