Quick Answer: How Much Does Paychex Cost Per Month?

What bank does Paychex use?

First BankFirst Bank proudly partners with Paychex® to help you reduce the time-consuming chore of payroll administration, tax filing, and cash management solutions along with health insurance and retirement plan administration..

Does Paychex own SurePayroll?

In 2011, SurePayroll joined the Paychex, Inc. family as a wholly owned subsidiary, now providing even more resources to our customers.

Is ADP cheaper than Paychex?

Although, ADP charges a higher average fee from its clients, Paychex was able to grow its average fee at an average rate of 4.3% while ADP could only grow its fees by 3.2%. As mentioned above, the difference between the average fees charged by the two companies is due to the type of clients served.

Is Paychex free?

Paychex Flex could be a great right payroll application for your business. All four pricing plans offer easy online payroll preparation, free direct deposit, and complete payroll tax administration. There is also a long list of add-on options available for businesses to choose from, and support options are solid.

Who is ADP’s biggest competitor?

The top 10 competitors in ADP’s competitive set are SAP, Workday, Ultimate Software, Oracle, Paychex, Insperity, TriNet, Epicor, Ceridian, Heartland Payment Systems. Together they have raised over 9.4B between their estimated 331.7K employees.

Does Paychex offer direct deposit?

With direct deposit, your employees’ pay is sent electronically to their bank accounts on payday — potentially saving you between $2.87 and $3.15 per transaction compared with a paper check.

What does Paychex charge for payroll?

Express Payroll costs $60 per month and $4.00 per user. Paychex Flex Select costs $90 per month and $5.00 per user. Paychex Flex Pro costs $150 per month and $3.65 per user.

Does Paychex report new hires?

All new hires are reported to their State Database of New Hires (SDNH), while federal employees are reported directly to the National Directory of New Hires (NDNH). FOR YOU: Webinar: Paychex Flex® Functionality.

What is the average cost for payroll services?

The average salary cost was $3.55, the average technical cost was $0.23 and the average cost of others was $0.03, amounting to $3.80. The top performer average for this category was $0.90. The top performers in each category reveal the capacity to lower payroll costs even further.

What services does Paychex offer?

Paychex offers four service plans: Express Payroll, Paychex Flex Select, Paychex Flex Pro and Paychex Flex Enterprise. All the plans include Paychex’s core payroll processing and payroll tax administration services.

Is Paychex or ADP better?

One of the main reasons RUN Powered by ADP scores slightly higher is that it’s better suited to new business owners unfamiliar with payroll systems, while Paychex Flex is better suited to those that know their way around payroll processing.

What is the best payroll service for small business?

The Best Payroll Services for Small BusinessGusto. … Intuit QuickBooks Payroll. … Square Payroll. … Paychex. … ADP. … OnPay. … PrimePay. … Wagepoint.More items…•