Paychex Reviews, Pricing, and FAQs

Paychex provides payroll and human resources solutions for small to medium-sized businesses. Their solutions are customized for businesses with 1-9 employees, 10-49 employees, and 50+.

Pricing:

According to our research, Paychex charges $3,364.50 per year (for 10 employees on a bi-weekly payroll) and $122.50 per year for 1099 and W-2 support.

Review:

In addition to providing payroll solutions, Paychex also provides human resources solutions. Paychex offers all of the standard features you can expect from a payroll solution, including additional features like workers' compensation, built-in timesheets, flexible and multiple pay schedules, garnishments, integrated pre-tax benefits, reimbursements, accounting and time-tracking integrations, paperless employee onboarding, digital paystubs, and mobile access.

There are a few common features missing from this software solution, like overtime tracking, an employee database, and unlimited payrolls.

Paychex offers several unique features like minimum wage adjustments to tip credits, FICA tip credit for restaurants, federal R&D tax credit, the ability to pay contractors, new hire reporting, digital signatures, the ability to collaborate with team members, calendar syncing, chat support, payroll reminders, and an activity dashboard.

Paychex offers similar features to Patriot Software, which charges $10.00 per month plus $4.00 per employee. Our top-rated software solutions, Gusto and Zenefits, charge $39.00 per month plus $6.00 per employee, and $8.00 per month plus $6.00 per employee, respectively.

Overall, Paychex provides a number of services that will benefit businesses of any size. Depending on what you are quoted, it could be an excellent payroll solution if the lack of overtime tracking and having an employee database is not a problem.